$4,852

Avg. Federal Grant

$3,769

Avg. Federal Loan

$5,102,130

Total Aid Awarded

Five Towns College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$5.102M

Financial Aid Official Website

www.ftc.edu/financial-aid/

Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Business Educators Award, and Dr. George Alterman Award. Notably, 90% of the students at Five Towns College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,857,466. The total percentage of candidates applying to Five Towns College who receive the Federal Grant is 50%. In comparison, 89% of the students are awarded the Student Grant, 79% get the Institution Grant, and 50% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,326, while the same comes to $6,393 for State Grant receivers and $5,214 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,851. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Five Towns College, the percentage of candidates who opt to avail of student loans is around 45%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

61%

Institution Grant Aid

86%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,852

State Grant Aid

$4,831

Institution Grant Aid

$4,728

Pell Grant

$4,735

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$16,703

$30,001 - $48,000

$10,758

$48,001 - $75,000

$8,653

$75,001 - $110,000

$5,553

Over $110,000

$3,746

Student Loans for Five Towns College

Average Loan Amount Average Loan Amount received per year.

$3,769/Year

Students Taking Out Loans

56%

Loan Default Rate

11.7%

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