by our College Data Analytics TeamMany students attending Pratt Community College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Interested in understanding the financial aid resources available at Pratt Community College and your eligibility? Find the answers you seek below.
$4,345.00 is the typical Pratt Community College’s first year financial aid package. About 94% of first year students receive financial aid, most of which is in the form of loans.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Pratt Community College you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The stats below refer to aid that is provided by Pratt Community College.
77% of new students (209 total) were given scholarships at Pratt Community College, averaging $2,795.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 51% of freshmen (139 total) received a federal grant, for about $4,703.00 a person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.76% | $6,920.00 |
| Income 30k-48k | 5.17% | $5,720.00 |
| Income 48k-75k | 10.33% | $4,248.00 |
| Income 75k-110k | 7.38% | $2,433.00 |
| Income 110k + | 4.80% | $2,332.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
234 Pratt Community College undergrads obtain grant aid (this is about 94% of the entire undergraduate student population). The average amount these students receive is $4,345.00.
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.
