$5,600

Avg. Federal Grant

$7,500

Avg. Federal Loan

$1,545,800

Total Aid Awarded

College of Business and Technology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$1.546M

Financial Aid Official Website

www.cbt.edu

It is interesting to note that almost every student at CBTMC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $720,000. The total percentage of candidates applying to College of Business and Technology-Main Campus who receive the Federal Grant is 100%. In comparison, 100% of the students get the Student Grant, and 100% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,550. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Candidates are also required to repay these loans within a given period. At College of Business and Technology-Main Campus, the percentage of candidates who opt to avail of student loans is around 100%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

100%

State Grant Aid

4%

Institution Grant Aid

61%

Pell Grant

100%

Average Aid Awarded

Federal Grant Aid

$5,600

State Grant Aid

$1,305

Institution Grant Aid

$1,200

Pell Grant

$5,600

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,000

$30,001 - $48,000

$2,500

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for College of Business and Technology

Average Loan Amount Average Loan Amount received per year.

$7,500/Year

Students Taking Out Loans

96%

Loan Default Rate

N/A

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