$3,334

Avg. Federal Grant

$6,105

Avg. Federal Loan

$956,628

Total Aid Awarded

Prism Career Institute Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$956.628K

Financial Aid Official Website

N/A

Students can avail of scholarships provided by the college, such as Joseph P. Gavenonis Scholarship and Technology Scholarship, if they find educational expenses to be on the higher side. Notably, 80% of the students at Prism Career Institute-Philadelphia get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $939,213. At PCIP, the total percentage of applicants who receive the Federal Grant stands at 80%. In comparison, 80% of the students get the Student Grant, and 80% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,471. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At PCIP, an estimated number of 58% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$3,334

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$3,319

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,334

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Prism Career Institute

Average Loan Amount Average Loan Amount received per year.

$6,105/Year

Students Taking Out Loans

52%

Loan Default Rate

17.1%

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