Gateway Technical College (GTC) Financial Aid and Scholarships
Students Receiving Aid
31%
Total Aid Amount
$12.345M
Financial Aid Official Website
https://www.gtc.edu/student-services/financial-aid
Notably, 74% of the students at Gateway Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $18,024,807. One can visit GTC's financial aid page at https://www.gtc.edu/student-services/financial-aid for more information. Notably, a total of 57% of the applicants to Gateway Technical College receive the Federal Grant every year. On the other hand, 62% of the candidates get the Student Grant, 10% receive the Institution Grant, and 57% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,848, while the same comes to $998 for State Grant receivers and $1,399 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,558. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Gateway Technical College, the percentage of candidates who opt to avail of student loans is around 67%.
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