$4,002

Avg. Federal Grant

$5,419

Avg. Federal Loan

$5,332,306

Total Aid Awarded

Alexandria Technical & Community College (ATCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$5.332M

Financial Aid Official Website

www.alextech.edu/financialaid

Students can avail of scholarships provided by the college, such as Barbara J. Penny Community Service Scholarship, Timothy J. Penny Federal Public Service Fellowship, and Timothy J. Penny State Public Service Fellowship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 85% of students at ATCC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,512,863. More information regarding the financial assistance schemes can be accessed on ATCC’s official financial aid page at http://www.alextech.edu/financialaid. Notably, a total of 42% of the applicants to Alexandria Technical & Community College receive the Federal Grant every year. On the other hand, 71% of the candidates get the Student Grant, 37% receive the Institution Grant, and 42% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,358, the State Grant receivers and Institution Grant beneficiaries get $1,858 and $1,226, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,950. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Alexandria Technical & Community College, the percentage of candidates who opt to avail of student loans is around 52%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

41%

State Grant Aid

53%

Institution Grant Aid

37%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$4,002

State Grant Aid

$1,543

Institution Grant Aid

$1,186

Pell Grant

$3,815

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,214

$30,001 - $48,000

$6,323

$48,001 - $75,000

$3,771

$75,001 - $110,000

$1,247

Over $110,000

$315

Student Loans for Alexandria Technical & Community College (ATCC)

Average Loan Amount Average Loan Amount received per year.

$6,464/Year

Students Taking Out Loans

55%

Loan Default Rate

7.4%

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