by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Curious about the financial aid opportunities at Prairie State College and what you may be eligible for? Explore the answers here.
Prairie State College average financial aid offer for freshmen students is $6,537.00. A significant 82% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Prairie State College you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers pertain to assistance that is supplied by Prairie State College.
13% of new students (42 total) were offered scholarships at Prairie State College, averaging $3,917.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 68% of first-year students (213 total) got a federal grant, for about $6,321.00 per person.
Amount of Financial Assistance Per Income Level
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 43.27% | $6,566.00 |
| Income 30k-48k | 13.14% | $5,845.00 |
| Income 48k-75k | 6.41% | $3,852.00 |
| Income 75k-110k | 1.92% | $1,310.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
82% of the 312 undergraduates at Prairie State College receive some sort of grant aid. This is a total of about 248 students getting an average of $6,537.00 per person.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.