$4,205

Avg. Federal Grant

$4,241

Avg. Federal Loan

$5,305,708

Total Aid Awarded

Central Ohio Technical College (COTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

40%

Total Aid Amount Average Total Aid Awarded per year.

$5.306M

Financial Aid Official Website

www.cotc.edu/Admissions/Pages/Office-of-Financial-Aid.aspx

It is interesting to note that, every year, around 86% of students at COTC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,299,040. The total percentage of candidates applying to Central Ohio Technical College who receive the Federal Grant is 57%. Meanwhile, 63% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 57% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,743. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Central Ohio Technical College, the percentage of candidates who opt to avail of student loans is around 41%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

2%

Institution Grant Aid

23%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,205

State Grant Aid

$1,011

Institution Grant Aid

$1,837

Pell Grant

$4,153

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,800

$30,001 - $48,000

$4,901

$48,001 - $75,000

$2,325

$75,001 - $110,000

$469

Over $110,000

$298

Student Loans for Central Ohio Technical College (COTC)

Average Loan Amount Average Loan Amount received per year.

$4,486/Year

Students Taking Out Loans

48%

Loan Default Rate

12.6%

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