$4,354

Avg. Federal Grant

N/A

Avg. Federal Loan

$3,611,465

Total Aid Awarded

Erwin Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

28%

Total Aid Amount Average Total Aid Awarded per year.

$3.611M

Financial Aid Official Website

www.erwin.edu

It is interesting to note that, every year, around 71% of students at ETC receive some kind of financial aid. One can visit ETC's financial aid page at http://www.erwin.edu for more information. The total percentage of candidates applying to Erwin Technical College who receive the Federal Grant is 57%. In comparison, 71% of the students are awarded the Student Grant, 15% get the Institution Grant, and 41% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,881, and the same stands at $1,617 for State Grant awardees and $680 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,058. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

10%

Institution Grant Aid

17%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,354

State Grant Aid

$1,816

Institution Grant Aid

$609

Pell Grant

$3,332

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$954

$30,001 - $48,000

$231

$48,001 - $75,000

$4,157

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Erwin Technical College

Average Loan Amount Average Loan Amount received per year.

N/A

Students Taking Out Loans

N/A

Loan Default Rate

4.7%