$5,249

Avg. Federal Grant

$4,767

Avg. Federal Loan

$4,334,333

Total Aid Awarded

Pillar College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$4.334M

Financial Aid Official Website

N/A

As many as 81% of the students at PC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,607,997 in a year. Notably, a total of 79% of the applicants to Pillar College receive the Federal Grant every year. Meanwhile, 81% of the applicants receive the Student Grant and 81% are awarded the Institution Grant, while 79% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,230, while the same comes to $9,859 for State Grant receivers and $2,990 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,066. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $15,059 in a year. The average aid amount stands at $13,814 for an annual family income between $30,001 and $48,000. This amount comes to $8,694 for those who fall under the $48,001-$75,000 family income bracket. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Pillar College, the percentage of candidates who opt to avail of student loans is around 50%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

41%

Institution Grant Aid

53%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$5,249

State Grant Aid

$8,161

Institution Grant Aid

$3,163

Pell Grant

$5,111

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,488

$30,001 - $48,000

$13,679

$48,001 - $75,000

$7,609

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Pillar College

Average Loan Amount Average Loan Amount received per year.

$4,767/Year

Students Taking Out Loans

27%

Loan Default Rate

18.4%

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