Presbyterian College (PC) Financial Aid and Scholarships
Students Receiving Aid
93%
Total Aid Amount
$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.
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