$6,646

Avg. Federal Grant

$2,808

Avg. Federal Loan

$19,987,141

Total Aid Awarded

Pitzer College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$19.987M

Financial Aid Official Website

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

Such schemes include AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. As many as 48% of the students at PC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,581,670 in a year. More information regarding the financial assistance schemes can be accessed on PC’s official financial aid page at https://www.pitzer.edu/financial-aid/. The total percentage of candidates applying to Pitzer College who receive the Federal Grant is 10%. On the other hand, 43% of the candidates get the Student Grant, 43% receive the Institution Grant, and 10% get the Pell Grant. While the Federal Grant awardees receive an average aid of $7,692, the State Grant receivers and Institution Grant beneficiaries get $9,084 and $33,642, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,890. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $58,989 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $53,182, while those falling in the $48,001-$75,000 income category get $47,519 a year. Those with an annual income level of $75,001-$110,000 would receive $45,847, while candidates with more than $110,000 of family income receive an average federal aid of $23,857. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At PC, an estimated number of 30% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

14%

State Grant Aid

7%

Institution Grant Aid

43%

Pell Grant

14%

Average Aid Awarded

Federal Grant Aid

$6,646

State Grant Aid

$9,084

Institution Grant Aid

$36,891

Pell Grant

$5,202

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$64,657

$30,001 - $48,000

$59,070

$48,001 - $75,000

$53,009

$75,001 - $110,000

$42,942

Over $110,000

$21,254

Student Loans for Pitzer College

Average Loan Amount Average Loan Amount received per year.

$3,751/Year

Students Taking Out Loans

41%

Loan Default Rate

6.5%

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