$4,268

Avg. Federal Grant

$4,192

Avg. Federal Loan

$5,157,015

Total Aid Awarded

Blue Ridge Community and Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

23%

Total Aid Amount Average Total Aid Awarded per year.

$5.157M

Financial Aid Official Website

www.blueridgectc.edu/financial-aid

It is interesting to note that, every year, around 75% of students at BRCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,263,794. Notably, a total of 42% of the applicants to Blue Ridge Community and Technical College receive the Federal Grant every year. In comparison, 61% of the students are awarded the Student Grant, 9% get the Institution Grant, and 42% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,465, and the same stands at $2,433 for State Grant awardees and $1,522 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,483. 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. 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. Every year, around 36% of the applicants to Blue Ridge Community and Technical College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

43%

Institution Grant Aid

12%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,268

State Grant Aid

$2,444

Institution Grant Aid

$1,868

Pell Grant

$4,161

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,355

$30,001 - $48,000

$4,869

$48,001 - $75,000

$4,284

$75,001 - $110,000

$2,141

Over $110,000

$806

Student Loans for Blue Ridge Community and Technical College

Average Loan Amount Average Loan Amount received per year.

$4,365/Year

Students Taking Out Loans

41%

Loan Default Rate

20.5%

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