$5,740

Avg. Federal Grant

$6,795

Avg. Federal Loan

$70,812,624

Total Aid Awarded

Colorado Technical University (CTU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$70.813M

Financial Aid Official Website

www.coloradotech.edu/Tuition-And-Financial-Aid/Ground

Students can avail of scholarships provided by the university, such as Boettcher Foundation Scholarship and Colorado Ski Authority Annual Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 92% of students at CTUCS receive some kind of financial aid, while the total amount of assistance/loans provided is $132,668,432. The total percentage of candidates applying to Colorado Technical University-Colorado Springs who receive the Federal Grant is 82%. On the other hand, 89% of the candidates get the Student Grant, 23% receive the Institution Grant, and 82% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,716, while the same comes to $1,875 for State Grant receivers and $2,803 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,681. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 Colorado Technical University-Colorado Springs, the percentage of candidates who opt to avail of student loans is around 75%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

80%

State Grant Aid

N/A

Institution Grant Aid

16%

Pell Grant

80%

Average Aid Awarded

Federal Grant Aid

$5,740

State Grant Aid

$2,250

Institution Grant Aid

$2,695

Pell Grant

$5,668

As per the different types of grants that is Federal Grants, Pell Grants, state grants, and institutional grants.

When it comes to grants under Federal grants and Pell grants, they have the highest percentage contribution of 80% with an average aid amount being $5,740 and $5,668, respectively. 

Institutional grants have a percentage of 16% with an average aid amount of $2,695. State Grant's average aid amount is $2,250.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,836

$30,001 - $48,000

$5,410

$48,001 - $75,000

$5,092

$75,001 - $110,000

$2,509

Over $110,000

$1,322

As shown in the table lower the family income, higher is the amount of aid one can expect to receive.

Students who have a family income under $30,000 can expect to receive an aid amount of $5,836. While those with family income between $30,001 - $48,000 can expect to receive an aid amount of $5,410.

For those students with a family income ranging between $48,001 -$75,000 can expect to receive an aid amount of $5,092, and with a family income between $75,001- $110,000 one can expect to receive an aid amount of $2,509, while above $110,000 can expect around $1,322. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Colorado Technical University (CTU)

Average Loan Amount Average Loan Amount received per year.

$6,795/Year

Students Taking Out Loans

75%

Loan Default Rate

18.8%

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