by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$9,042.00 is the typical St Petersburg College’s first year financial aid package. A significant 75% 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.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at St Petersburg College.
In addition to scholarships, 61% of freshman students (1271 total) obtained federal grant aid, averaging $7,468.00 a piece.
The stats and the chart following pertain to primarily grants from federal sources, plus some local and state grants.
61% of freshmen at St Petersburg College (1271 total) received a federal grant, averaging $7,468.00.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 32.65% | $11,158.00 |
| Income 30k-48k | 13.84% | $9,065.00 |
| Income 48k-75k | 6.21% | $5,942.00 |
| Income 75k-110k | 1.15% | $1,457.00 |
| Income 110k + | 0.24% | $181.00 |
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.
1468 SPC undergrads obtain grant aid (this is about 75% of the entire undergraduate student population). The average amount these students receive is $9,042.00.The majority of which come in the form 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.