by our College Data Analytics TeamThe total cost of attendance at Panola College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
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.
$5,867.00 is the typical Panola College’s first year financial aid package. A significant 84% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Panola 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 following numbers apply to scholarships and grants largely offered by the school itself.
38% of incoming freshmen (110 total) were given scholarships at Panola College, averaging $3,674.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 51% of first years (149 total) were awarded federal grant aid, averaging $5,149.00 each.
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 | 31.74% | $7,281.00 |
| Income 30k-48k | 10.58% | $5,956.00 |
| Income 48k-75k | 6.83% | $6,082.00 |
| Income 75k-110k | 0.68% | $1,785.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 293 undergraduate students at Panola College around 84% (222 total) receive some form of grant aid. The typical amount awarded was $5,867.00.Most of them are distributed as 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.