$4,708

Avg. Federal Grant

$4,589

Avg. Federal Loan

$8,574,114

Total Aid Awarded

Hazard Community and Technical College (HCTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$8.574M

Financial Aid Official Website

https://hazard.kctcs.edu/affording-college

It is interesting to note that, every year, around 99% of students at HCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,383,040. More information regarding the financial assistance schemes can be accessed on HCTC’s official financial aid page at https://hazard.kctcs.edu/affording-college. Notably, a total of 83% of the applicants to Hazard Community and Technical College receive the Federal Grant every year. In comparison, 98% of the students are awarded the Student Grant, 17% get the Institution Grant, and 83% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,770, the State Grant receivers and Institution Grant beneficiaries get $2,255 and $1,985, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,270. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Hazard Community and Technical College, the percentage of candidates who opt to avail of student loans is around 20%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

82%

State Grant Aid

79%

Institution Grant Aid

18%

Pell Grant

82%

Average Aid Awarded

Federal Grant Aid

$4,708

State Grant Aid

$1,982

Institution Grant Aid

$1,868

Pell Grant

$4,609

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,881

$30,001 - $48,000

$5,469

$48,001 - $75,000

$4,491

$75,001 - $110,000

$937

Over $110,000

$2,258

Student Loans for Hazard Community and Technical College (HCTC)

Average Loan Amount Average Loan Amount received per year.

$4,589/Year

Students Taking Out Loans

21%

Loan Default Rate

28.8%

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