$5,545

Avg. Federal Grant

$4,976

Avg. Federal Loan

$12,559,033

Total Aid Awarded

Prairie State College (PSC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

47%

Total Aid Amount Average Total Aid Awarded per year.

$12.559M

Financial Aid Official Website

prairiestate.edu/apply-reg-pay/financial-aid

As many as 75% of the students at PSC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,439,201 in a year. One can visit PSC's financial aid page at http://prairiestate.edu/apply-reg-pay/financial-aid for more information. The total percentage of candidates applying to Prairie State College who receive the Federal Grant is 61%. Meanwhile, 68% of the applicants receive the Student Grant and 11% are awarded the Institution Grant, while 61% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,889, while the same comes to $1,635 for State Grant receivers and $5,623 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,455. 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. 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. Candidates are also required to repay these loans within a given period. At PSC, an estimated number of 14% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

27%

Institution Grant Aid

9%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$5,545

State Grant Aid

$1,749

Institution Grant Aid

$4,440

Pell Grant

$5,474

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,097

$30,001 - $48,000

$6,347

$48,001 - $75,000

$3,476

$75,001 - $110,000

$2,064

Over $110,000

$1,749

Student Loans for Prairie State College (PSC)

Average Loan Amount Average Loan Amount received per year.

$4,976/Year

Students Taking Out Loans

19%

Loan Default Rate

17.7%

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