$3,735

Avg. Federal Grant

$6,224

Avg. Federal Loan

$12,839,997

Total Aid Awarded

Florida Technical College (FTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$12.840M

Financial Aid Official Website

www.ftccollege.edu/financial-aid.html

As many as 80% of the students at FTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $21,020,904 in a year. The total percentage of candidates applying to Florida Technical College who receive the Federal Grant is 80%. Meanwhile, 80% of the applicants receive the Student Grant and 8% are awarded the Institution Grant, while 80% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,333, the State Grant receivers and Institution Grant beneficiaries get $695 and $1,413, respectively. And, for the Pell Grant awardees, the average aid amount is $4,521. 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. 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 FTC, an estimated number of 60% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

78%

State Grant Aid

9%

Institution Grant Aid

16%

Pell Grant

78%

Average Aid Awarded

Federal Grant Aid

$3,735

State Grant Aid

$594

Institution Grant Aid

$373

Pell Grant

$3,484

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants , with federal grant and pell grant having the highest percentage reported to be  78% with an average aid of $3,735 and $3,484. The state grant aid percentage is reported to be 9% with an average aid of $594.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,713

$30,001 - $48,000

$3,430

$48,001 - $75,000

$1,608

$75,001 - $110,000

N/A

Over $110,000

N/A

As shown in the table lower the family income higher is the amount of aid given to  the recipients, so an aid of $3,713 is given to those whose family income is under $30,000 and  the data for the aid of  those whose family income is more than $110,000 is not sufficient so for more information visit the college's website.

Student Loans for Florida Technical College (FTC)

Average Loan Amount Average Loan Amount received per year.

$6,224/Year

Students Taking Out Loans

80%

Loan Default Rate

8.3%

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