$6,404

Avg. Federal Grant

$2,550

Avg. Federal Loan

$15,534,952

Total Aid Awarded

Albany Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$15.535M

Financial Aid Official Website

N/A

Among them are scholarship programs such as Constance L. Lloyd/ACMPE Scholarship, Georgia Public Safety Memorial Grant, HERO Scholarship Program (Helping Educate Reservists and their Offspring), and HOPE & PROMISE Teacher Scholarship Loans. Notably, 93% of the students at Albany Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,969,327. More information regarding the financial assistance schemes can be accessed on ATC’s official financial aid page at https://www.albanytech.edu/admissions/financial-aid/financial-aid-3. The total percentage of candidates applying to Albany Technical College who receive the Federal Grant is 81%. On the other hand, 90% of the candidates get the Student Grant, 5% receive the Institution Grant, and 81% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,841, and the same stands at $2,609 for State Grant awardees and $2,403 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,844. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At ATC, an estimated number of 47% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

81%

State Grant Aid

61%

Institution Grant Aid

4%

Pell Grant

81%

Average Aid Awarded

Federal Grant Aid

$6,404

State Grant Aid

$2,358

Institution Grant Aid

$3,214

Pell Grant

$6,356

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,059

$30,001 - $48,000

$7,578

$48,001 - $75,000

$2,961

$75,001 - $110,000

$2,602

Over $110,000

$1,030

Student Loans for Albany Technical College

Average Loan Amount Average Loan Amount received per year.

$2,550/Year

Students Taking Out Loans

53%

Loan Default Rate

25.8%

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