$7,668

Avg. Federal Grant

$9,663

Avg. Federal Loan

$1,895,632

Total Aid Awarded

Provo College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$1.896M

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 94% of students at PC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,631,035. The total percentage of candidates applying to Provo College who receive the Federal Grant is 82%. In comparison, 82% of the students get the Student Grant, and 82% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,234. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At PC, an estimated number of 94% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

66%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

66%

Average Aid Awarded

Federal Grant Aid

$7,668

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$7,417

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,027

$30,001 - $48,000

$9,073

$48,001 - $75,000

$3,921

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Provo College

Average Loan Amount Average Loan Amount received per year.

$9,663/Year

Students Taking Out Loans

77%

Loan Default Rate

13.8%

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