by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Palm Beach State College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will Palm Beach State College offer you, and what will you qualify for? Read on for more information. Keep reading to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Palm Beach State College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Palm Beach State College, 71% of the incoming full-time class was awarded financial aid (about 1804 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $7,107 |
| Institutional grants & scholarships | 20% | $1,258 |
| Federal Pell grants | 57% | $6,360 |
| State/local grants | 50% | $1,709 |
| Federal student loans | 11% | $4,495 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, approximately 47% of undergraduate students received gift aid averaging $5,010 (across approximately 11358 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $5,010 |
| Federal Pell grants | 38% | $4,713 |
| Federal student loans | 11% | $5,555 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,648.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,088 |
| $30,001 – $75,000 | $10,275 |
| Over $75,000 | $15,059 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,182 |
| Off-campus title-IV students | $9,832 |
For a customized cost estimate, visit Palm Beach State College’s NPC: www.palmbeachstate.edu/financialaid/net-price-calculator.aspx.
The median student at Palm Beach State College graduates with $5,061 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,061 |
| Median federal debt (graduates only) | $7,081 |
| Typical 10-year monthly payment (graduates) | $75.07/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Palm Beach State College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,409 |
| 25th percentile | $2,124 |
| 75th percentile | $8,004 |
| 90th percentile (highest-debt students) | $17,175 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $4,500 |
| High income | $4,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,066 |
| Continuing-generation students | $5,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,500 |
| Independent students | $6,750 |
A handful of calculated indicators summarize the debt outlook at Palm Beach State College.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Palm Beach State College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23739 |
| Total Stafford loan amount | $209,674,600 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 357 |
| Total GI Bill amount | $733,522 |
| Average GI Bill amount per recipient | $2,055 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 126 |
| Total DoD amount | $270,891 |
| Average DoD amount per recipient | $2,150 |
References
More about our data sources and methodologies.