by our College Data Analytics TeamMany students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Paul Quinn College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Paul Quinn College offer you, and what will you qualify for? Keep reading for more information. Keep going to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Paul Quinn College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. 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 Paul Quinn College, 100% of the incoming full-time class was awarded financial aid around 147 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $10,878 |
| Institutional grants & scholarships | 88% | $2,123 |
| Federal Pell grants | 84% | $7,726 |
| State/local grants | 70% | $2,283 |
| Federal student loans | 83% | $6,809 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, approximately 94% of undergraduates were awarded an average grant or scholarship of $7,703 (across roughly 555 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $7,703 |
| Federal Pell grants | 67% | $6,367 |
| Federal student loans | 83% | $7,199 |
For students living on campus and receiving title-IV aid, grants averaged $10,878.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,975 |
| $30,001 – $75,000 | $19,463 |
| Over $75,000 | $23,878 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,709 |
| Off-campus title-IV students | $20,244 |
To project your own net price, use Paul Quinn College’s NPC: paulquinn.clearcostcalculator.com/student/default/netpricecalculator/survey.
The median federal debt load at Paul Quinn College comes to $11,090 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,090 |
| Median federal debt (graduates only) | $23,373 |
| Typical 10-year monthly payment (graduates) | $247.79/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Paul Quinn College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,857 |
| 25th percentile | $3,500 |
| 75th percentile | $15,986 |
| 90th percentile (highest-debt students) | $32,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,825 |
| Middle income | $9,796 |
| High income | $9,418 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,000 |
| Continuing-generation students | $14,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,250 |
| Independent students | $14,693 |
These indicators are derived from the underlying debt data and summarize the overall picture at Paul Quinn College.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Paul Quinn College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3731 |
| Total Stafford loan amount | $56,313,219 |
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.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $7,454 |
| Average GI Bill amount per recipient | $7,454 |
References
More about our data sources and methodologies.