$4,486

Avg. Federal Grant

$5,085

Avg. Federal Loan

$5,474,508

Total Aid Awarded

Potomac State College of West Virginia University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$5.475M

Financial Aid Official Website

potomacstatecollege.edu/admissions/financing_your_education/

As many as 93% of the students at PSCWVU get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,366,657 in a year. The total percentage of candidates applying to Potomac State College of West Virginia University who receive the Federal Grant is 57%. On the other hand, 83% of the candidates get the Student Grant, 50% receive the Institution Grant, and 57% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,694, while the same comes to $3,348 for State Grant receivers and $1,744 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,328. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 58% of the applicants to Potomac State College of West Virginia University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

44%

Institution Grant Aid

44%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$4,486

State Grant Aid

$2,983

Institution Grant Aid

$1,890

Pell Grant

$4,164

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,857

$30,001 - $48,000

$7,025

$48,001 - $75,000

$4,180

$75,001 - $110,000

$2,439

Over $110,000

$1,559

Student Loans for Potomac State College of West Virginia University

Average Loan Amount Average Loan Amount received per year.

$5,431/Year

Students Taking Out Loans

57%

Loan Default Rate

N/A

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