by our College Data Analytics TeamThe majority of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Presbyterian College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will PC offer, and what will you qualify for? Read on for more information. Scroll down to learn how much school funding will 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 Presbyterian 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.
For freshmen starting at Presbyterian College, 100% of the incoming full-time class was awarded financial aid (about 264 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $39,345 |
| Institutional grants & scholarships | 100% | $31,714 |
| Federal Pell grants | 43% | $6,093 |
| State/local grants | 54% | $8,719 |
| Federal student loans | 61% | $5,495 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At PC, about 95% of undergrads got grants or scholarships worth on average $39,692 (for some 854 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $39,692 |
| Federal Pell grants | 33% | $5,841 |
| Federal student loans | 50% | $6,135 |
Title-IV recipients living on campus saw average grant aid of $39,714.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,930 |
| $30,001 – $75,000 | $18,163 |
| Over $75,000 | $24,701 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,528 |
| Off-campus title-IV students | $20,899 |
To project your own net price, use PC’s online cost calculator: [tcc.ruffalonl.com/Presbyterian College/Freshman-Students](https://tcc.ruffalonl.com/Presbyterian College/Freshman-Students).
The middle student in the debt distribution at PC owes $13,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at PC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,894 |
| 25th percentile | $6,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,722 |
| Middle income | $14,697 |
| High income | $13,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $13,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. PC.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at PC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3635 |
| Total Stafford loan amount | $134,531,318 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $157,120 |
| Average GI Bill amount per recipient | $22,446 |
References
More about our data sources and methodologies.