$5,015

Avg. Federal Grant

$5,117

Avg. Federal Loan

$9,434,809

Total Aid Awarded

Durham Technical Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

43%

Total Aid Amount Average Total Aid Awarded per year.

$9.435M

Financial Aid Official Website

www.durhamtech.edu/html/prospective/financialaid.htm

Notably, 85% of the students at Durham Technical Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,975,624. One can visit DTCC's financial aid page at http://www.durhamtech.edu/html/prospective/financialaid.htm for more information. The total percentage of candidates applying to Durham Technical Community College who receive the Federal Grant is 47%. Meanwhile, 85% of the applicants receive the Student Grant and 68% are awarded the Institution Grant, while 47% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,650, while the same comes to $1,596 for State Grant receivers and $903 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,563. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 5% of the applicants to Durham Technical Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

13%

Institution Grant Aid

63%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$5,015

State Grant Aid

$1,875

Institution Grant Aid

$923

Pell Grant

$4,944

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,927

$30,001 - $48,000

$5,534

$48,001 - $75,000

$5,081

$75,001 - $110,000

$667

Over $110,000

N/A

Student Loans for Durham Technical Community College

Average Loan Amount Average Loan Amount received per year.

$5,117/Year

Students Taking Out Loans

8%

Loan Default Rate

18.1%

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