$4,847

Avg. Federal Grant

$5,928

Avg. Federal Loan

$592,079

Total Aid Awarded

PCI Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$592.079K

Financial Aid Official Website

www.PCI-Academy.com

Notably, 61% of the students at PCI Academy-Ames get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $747,412. At PAA, the total percentage of applicants who receive the Federal Grant stands at 35%. In comparison, 35% of the students get the Student Grant, and 35% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,826. 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. 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. Candidates are also required to repay these loans within a given period. At PAA, an estimated number of 61% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,847

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,847

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,641

$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 PCI Academy

Average Loan Amount Average Loan Amount received per year.

$5,928/Year

Students Taking Out Loans

80%

Loan Default Rate

5.8%

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