$5,820

Avg. Federal Grant

$6,845

Avg. Federal Loan

$6,717,108

Total Aid Awarded

Pine Manor College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

59%

Total Aid Amount Average Total Aid Awarded per year.

$6.717M

Financial Aid Official Website

www.pmc.edu/financial

Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Heriberto Flores Scholarship, and MASSGrant Program. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,649,207. One can visit PMC's financial aid page at http://www.pmc.edu/financial for more information. Notably, a total of 73% of the applicants to Pine Manor College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 73% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,174, the State Grant receivers and Institution Grant beneficiaries get $1,850 and $25,361, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,415. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Students whose family income per annum is less than $30,000 will receive a federal aid of $24,055 on average in a year. The average aid amount stands at $22,561 for an annual family income between $30,001 and $48,000. This amount comes to $21,545 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $19,976 for those with an annual family income between $75,001 and $110,000, and at $19,250 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 PMC, an estimated number of 85% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

73%

State Grant Aid

34%

Institution Grant Aid

100%

Pell Grant

73%

Average Aid Awarded

Federal Grant Aid

$5,820

State Grant Aid

$1,639

Institution Grant Aid

$25,072

Pell Grant

$5,377

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$32,214

$30,001 - $48,000

$31,898

$48,001 - $75,000

$30,411

$75,001 - $110,000

$26,824

Over $110,000

$26,800

Student Loans for Pine Manor College

Average Loan Amount Average Loan Amount received per year.

$7,722/Year

Students Taking Out Loans

89%

Loan Default Rate

23.5%

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