$4,550

Avg. Federal Grant

$5,023

Avg. Federal Loan

$31,500,578

Total Aid Awarded

Greenville Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$31.501M

Financial Aid Official Website

www.gvltec.edu/admissions_aid/financial_aid/index.html

Notably, 91% of the students at Greenville Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,850,636. At GTC, the total percentage of applicants who receive the Federal Grant stands at 52%. Meanwhile, 90% of the applicants receive the Student Grant and 3% are awarded the Institution Grant, while 52% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,865, and the same stands at $3,630 for State Grant awardees and $1,121 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,959. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At Greenville Technical College, the percentage of candidates who opt to avail of student loans is around 22%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

77%

Institution Grant Aid

2%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,550

State Grant Aid

$3,504

Institution Grant Aid

$1,212

Pell Grant

$4,519

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,436

$30,001 - $48,000

$7,046

$48,001 - $75,000

$5,495

$75,001 - $110,000

$3,702

Over $110,000

$3,129

Student Loans for Greenville Technical College

Average Loan Amount Average Loan Amount received per year.

$5,106/Year

Students Taking Out Loans

24%

Loan Default Rate

16.3%

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