$2,486

Avg. Federal Grant

$4,689

Avg. Federal Loan

$74,162

Total Aid Awarded

University of the Potomac Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

31%

Total Aid Amount Average Total Aid Awarded per year.

$74.162K

Financial Aid Official Website

www.potomac.edu/financial-aid

It is interesting to note that, every year, around 33% of students at UPWDC receive some kind of financial aid, while the total amount of assistance/loans provided is $60,480. At UPWDC, the total percentage of applicants who receive the Federal Grant stands at 33%. Meanwhile, 33% of the applicants receive the Student Grant, while 17% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $2,792. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. Every year, around 23% of the applicants to University of the Potomac-Washington DC Campus opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

N/A

Institution Grant Aid

40%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$2,486

State Grant Aid

N/A

Institution Grant Aid

$3,316

Pell Grant

$2,459

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,098

$30,001 - $48,000

$833

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for University of the Potomac

Average Loan Amount Average Loan Amount received per year.

$4,689/Year

Students Taking Out Loans

53%

Loan Default Rate

20.2%

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