$7,404

Avg. Federal Grant

$1,695

Avg. Federal Loan

$1,310,856

Total Aid Awarded

Automeca Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$1.311M

Financial Aid Official Website

www.automeca.com

It is interesting to note that, every year, around 98% of students at ATCA receive some kind of financial aid, while the total amount of assistance/loans provided is $83,922. At ATCA, the total percentage of applicants who receive the Federal Grant stands at 94%. Meanwhile, 94% of the applicants receive the Student Grant and 6% are awarded the Institution Grant, while 94% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $8,436, while the same comes to $579 for State Grant receivers and $500 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $6,963. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 ATCA, an estimated number of 20% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

99%

State Grant Aid

13%

Institution Grant Aid

N/A

Pell Grant

99%

Average Aid Awarded

Federal Grant Aid

$7,404

State Grant Aid

$529

Institution Grant Aid

N/A

Pell Grant

$7,062

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,580

$30,001 - $48,000

$7,110

$48,001 - $75,000

$4,155

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Automeca Technical College

Average Loan Amount Average Loan Amount received per year.

$1,695/Year

Students Taking Out Loans

23%

Loan Default Rate

13%

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