$4,568

Avg. Federal Grant

$2,713

Avg. Federal Loan

$4,476,351

Total Aid Awarded

Pierpont Community and Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

47%

Total Aid Amount Average Total Aid Awarded per year.

$4.476M

Financial Aid Official Website

https://www.pierpont.edu/financial-aid

Students can avail of scholarships provided by the college, such as Dr. Joseph C. Basile II Memorial Scholarship, Mary E. (Nalbach) Huseby Memorial Scholarship, and Mary T. Price Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 87% of students at PCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,091,639. One can visit PCTC's financial aid page at https://www.pierpont.edu/financial-aid for more information. At PCTC, the total percentage of applicants who receive the Federal Grant stands at 55%. Meanwhile, 76% of the applicants receive the Student Grant and 35% are awarded the Institution Grant, while 55% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,965, the State Grant receivers and Institution Grant beneficiaries get $2,846 and $1,823, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,306. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At PCTC, an estimated number of 60% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

49%

Institution Grant Aid

30%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,568

State Grant Aid

$2,586

Institution Grant Aid

$1,337

Pell Grant

$4,404

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,715

$30,001 - $48,000

$6,469

$48,001 - $75,000

$4,262

$75,001 - $110,000

$1,550

Over $110,000

$674

Student Loans for Pierpont Community and Technical College

Average Loan Amount Average Loan Amount received per year.

$3,007/Year

Students Taking Out Loans

45%

Loan Default Rate

19%

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