$5,101

Avg. Federal Grant

$6,104

Avg. Federal Loan

$30,167,794

Total Aid Awarded

Presbyterian College (PC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$30.168M

Financial Aid Official Website

https://www.presby.edu/admissions/tuition-aid

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,597,577. One can visit PC's financial aid page at https://www.presby.edu/admissions/tuition-aid for more information. Notably, a total of 36% of the applicants to Presbyterian College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 36% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,242, and the same stands at $7,275 for State Grant awardees and $25,839 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,836. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $37,295 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $37,056 and $33,832, respectively. On the other hand, the average federal aid stands at $29,097 for those with an annual family income between $75,001 and $110,000, and at $25,363 for an income more than $110,000. 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. At PC, an estimated number of 74% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

35%

State Grant Aid

69%

Institution Grant Aid

100%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$5,101

State Grant Aid

$7,167

Institution Grant Aid

$25,416

Pell Grant

$4,854

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$36,343

$30,001 - $48,000

$36,470

$48,001 - $75,000

$34,414

$75,001 - $110,000

$29,945

Over $110,000

$25,049

Student Loans for Presbyterian College (PC)

Average Loan Amount Average Loan Amount received per year.

$6,499/Year

Students Taking Out Loans

58%

Loan Default Rate

2.4%

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