$5,220

Avg. Federal Grant

$4,196

Avg. Federal Loan

$5,040,644

Total Aid Awarded

Black River Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$5.041M

Financial Aid Official Website

www.blackrivertech.org/financial-aid

It is interesting to note that, every year, around 86% of students at BRTC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,500,544. One can visit BRTC's financial aid page at http://www.blackrivertech.org/financial-aid for more information. Notably, a total of 68% of the applicants to Black River Technical College receive the Federal Grant every year. In comparison, 85% of the students are awarded the Student Grant, 39% get the Institution Grant, and 68% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,411, and the same stands at $838 for State Grant awardees and $799 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,047. 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. Candidates are also required to repay these loans within a given period. At BRTC, an estimated number of 14% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

68%

State Grant Aid

33%

Institution Grant Aid

10%

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$5,220

State Grant Aid

$1,056

Institution Grant Aid

$2,332

Pell Grant

$5,166

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,021

$30,001 - $48,000

$5,630

$48,001 - $75,000

$3,580

$75,001 - $110,000

$1,921

Over $110,000

$429

Student Loans for Black River Technical College

Average Loan Amount Average Loan Amount received per year.

$4,196/Year

Students Taking Out Loans

17%

Loan Default Rate

11.6%

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