$5,701

Avg. Federal Grant

$6,337

Avg. Federal Loan

$4,550,877

Total Aid Awarded

Prescott College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$4.551M

Financial Aid Official Website

www.prescott.edu/apply/financial-aid/index.html

Interestingly, almost all of the students at PC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $1,994,558 in a year. More information regarding the financial assistance schemes can be accessed on PC’s official financial aid page at http://www.prescott.edu/apply/financial-aid/index.html. Notably, a total of 67% of the applicants to Prescott College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 67% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,618. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $22,813 per year. The average aid amount stands at $9,483 for an annual family income between $30,001 and $48,000. This amount comes to $16,552 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $18,515 for those with an annual family income between $75,001 and $110,000, and at $8,840 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. 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 71% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

2%

Institution Grant Aid

100%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$5,701

State Grant Aid

$1,500

Institution Grant Aid

$16,336

Pell Grant

$4,865

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,964

$30,001 - $48,000

$24,482

$48,001 - $75,000

$21,487

$75,001 - $110,000

$15,459

Over $110,000

$9,575

Student Loans for Prescott College

Average Loan Amount Average Loan Amount received per year.

$6,985/Year

Students Taking Out Loans

70%

Loan Default Rate

6.9%

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