$6,197

Avg. Federal Grant

$5,412

Avg. Federal Loan

$78,372,672

Total Aid Awarded

Providence College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$78.373M

Financial Aid Official Website

financial-aid.providence.edu/

Students can avail of scholarships provided by the college, such as Albert E. And Florence W. Newton Nurse Scholarship, Aldo Freda Legislative Pages Scholarship, Antonio Cirino Memorial Art Education Fellowship, and Carnegie Dartlet $10,000 Scholarship, if they find educational expenses to be on the higher side. Notably, 74% of the students at Providence College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $13,789,668. Notably, a total of 17% of the applicants to Providence College receive the Federal Grant every year. In comparison, 66% of the students are awarded the Student Grant, 66% get the Institution Grant, and 17% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,779, and the same stands at $3,145 for State Grant awardees and $29,812 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,738. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 55% of the applicants to Providence College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

14%

State Grant Aid

2%

Institution Grant Aid

72%

Pell Grant

14%

Average Aid Awarded

Federal Grant Aid

$6,197

State Grant Aid

$2,973

Institution Grant Aid

$25,766

Pell Grant

$4,778

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$45,788

$30,001 - $48,000

$38,412

$48,001 - $75,000

$35,923

$75,001 - $110,000

$28,965

Over $110,000

$18,335

Student Loans for Providence College

Average Loan Amount Average Loan Amount received per year.

$10,710/Year

Students Taking Out Loans

53%

Loan Default Rate

3.7%

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