by our College Data Analytics TeamMany students will not be asked to pay 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 sum total of attendance at Panola College can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Panola College offer you, and what will you qualify for? Keep scrolling for more information. Keep going to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Panola College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Panola College, 93% of the incoming full-time class was awarded financial aid roughly 296 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $7,449 |
| Institutional grants & scholarships | 59% | $3,393 |
| Federal Pell grants | 61% | $6,071 |
| State/local grants | 28% | $2,362 |
| Federal student loans | 10% | $4,121 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, approximately 87% of undergraduates were awarded grant or scholarship aid averaging $3,967 (for some 2039 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $3,967 |
| Federal Pell grants | 31% | $4,936 |
| Federal student loans | 7% | $4,892 |
For students living on campus and receiving title-IV aid, grants averaged $8,438.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,585 |
| $30,001 – $75,000 | $8,520 |
| Over $75,000 | $9,289 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $5,216 |
| Off-campus title-IV students | $7,429 |
For an estimate tailored to your family circumstances, see Panola College’s NPC: apps.highered.texas.gov/net-price-calculator/.
The middle student in the debt distribution at Panola College owes $6,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,000 |
| Median federal debt (graduates only) | $10,500 |
| Typical 10-year monthly payment (graduates) | $111.32/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Panola College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,750 |
| 75th percentile | $9,636 |
| 90th percentile (highest-debt students) | $16,249 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,842 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,909 |
| Continuing-generation students | $6,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,250 |
These indicators are derived from the underlying debt data and summarize the overall picture at Panola College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Panola College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4240 |
| Total Stafford loan amount | $35,527,932 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 23 |
| Total GI Bill amount | $48,623 |
| Average GI Bill amount per recipient | $2,114 |
References
More about our data sources and methodologies.