$6,708

Avg. Federal Grant

$4,481

Avg. Federal Loan

$48,502,343

Total Aid Awarded

Pomona College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$48.502M

Financial Aid Official Website

www.pomona.edu/financial-aid

Students can avail of scholarships provided by the college, such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B, if they find educational expenses to be on the higher side. Notably, 61% of the students at Pomona College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,019,952. More information regarding the financial assistance schemes can be accessed on PC’s official financial aid page at http://www.pomona.edu/financial-aid. The total percentage of candidates applying to Pomona College who receive the Federal Grant is 20%. In comparison, 51% of the students are awarded the Student Grant, 51% get the Institution Grant, and 20% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,352, and the same stands at $9,084 for State Grant awardees and $49,995 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,912. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $61,525 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $59,204, while those falling in the $48,001-$75,000 income category get $60,174 a year. On the other hand, the average federal aid stands at $44,525 for those with an annual family income between $75,001 and $110,000, and at $27,687 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At PC, an estimated number of 20% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

23%

State Grant Aid

6%

Institution Grant Aid

58%

Pell Grant

23%

Average Aid Awarded

Federal Grant Aid

$6,708

State Grant Aid

$9,084

Institution Grant Aid

$49,268

Pell Grant

$4,936

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$64,809

$30,001 - $48,000

$62,001

$48,001 - $75,000

$61,111

$75,001 - $110,000

$50,422

Over $110,000

$32,179

Student Loans for Pomona College

Average Loan Amount Average Loan Amount received per year.

$5,986/Year

Students Taking Out Loans

21%

Loan Default Rate

N/A

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