$4,874

Avg. Federal Grant

$4,085

Avg. Federal Loan

$17,242,263

Total Aid Awarded

Polk State College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

40%

Total Aid Amount Average Total Aid Awarded per year.

$17.242M

Financial Aid Official Website

www.polk.edu/admission-aid/financial-aid/

Notably, 74% of the students at Polk State College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,501,971. One can visit PSC's financial aid page at http://www.polk.edu/admission-aid/financial-aid/ for more information. The total percentage of candidates applying to Polk State College who receive the Federal Grant is 58%. On the other hand, 68% of the candidates get the Student Grant, 8% receive the Institution Grant, and 57% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,353, and the same stands at $1,497 for State Grant awardees and $1,737 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,473. 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. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Polk State College, the percentage of candidates who opt to avail of student loans is around 15%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

35%

Institution Grant Aid

5%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,874

State Grant Aid

$1,489

Institution Grant Aid

$1,775

Pell Grant

$4,817

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,420

$30,001 - $48,000

$6,207

$48,001 - $75,000

$2,205

$75,001 - $110,000

$1,746

Over $110,000

$3,040

Student Loans for Polk State College

Average Loan Amount Average Loan Amount received per year.

$4,085/Year

Students Taking Out Loans

9%

Loan Default Rate

10.1%

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