$4,964

Avg. Federal Grant

$5,606

Avg. Federal Loan

$27,153,548

Total Aid Awarded

Fayetteville Technical Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$27.154M

Financial Aid Official Website

www.faytechcc.edu/financial-aid/

Such schemes include North Carolina Student Incentive Grant and Triangle Scholarship Program. As many as 85% of the students at FTCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $27,756,774 in a year. One can visit FTCC's financial aid page at http://www.faytechcc.edu/financial-aid/ for more information. Notably, a total of 68% of the applicants to Fayetteville Technical Community College receive the Federal Grant every year. On the other hand, 85% of the candidates get the Student Grant, 12% receive the Institution Grant, and 68% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $7,888, and the same stands at $1,978 for State Grant awardees and $1,300 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $7,017. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Fayetteville Technical Community College, the percentage of candidates who opt to avail of student loans is around 53%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

12%

Institution Grant Aid

10%

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$4,964

State Grant Aid

$1,670

Institution Grant Aid

$1,707

Pell Grant

$4,937

Financial Aid Breakdown consists of federal grants, state grants, institutional grants, and Pell Grants. 

Highest Financial aid is in the form of Federal Grants, at 67 percentile amounting to $4,964.

Additionally, the following financial assistance are provided:

State Grant Aid amounting to $1,670, while it is $1,707 for institutional aid

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,638

$30,001 - $48,000

$4,905

$48,001 - $75,000

$3,529

$75,001 - $110,000

$929

Over $110,000

$621

Average Federal Aid and Family Income are interlinked, as a change in the family income also induces a change in the average federal aid. 

According to the above table, an average federal aid of $5,638 is available for family income below $30K. Average federal aid of  $929 is available for anyone hailing from a family wherein the income is anywhere between $75K  and $110K. For family income over $110K, average family aid available is $621. 

Student Loans for Fayetteville Technical Community College

Average Loan Amount Average Loan Amount received per year.

$5,606/Year

Students Taking Out Loans

54%

Loan Default Rate

16.8%

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