$4,457

Avg. Federal Grant

$6,381

Avg. Federal Loan

$8,972,351

Total Aid Awarded

Hennepin Technical College (HTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$8.972M

Financial Aid Official Website

https://www.hennepintech.edu/future-students/financial-aid/index.html

Notably, 72% of the students at Hennepin Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,099,244. More information regarding the financial assistance schemes can be accessed on HTC’s official financial aid page at https://www.hennepintech.edu/future-students/financial-aid/index.html. The total percentage of candidates applying to Hennepin Technical College who receive the Federal Grant is 44%. Meanwhile, 56% of the applicants receive the Student Grant and 6% are awarded the Institution Grant, while 44% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,624, and the same stands at $1,889 for State Grant awardees and $970 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,273. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 HTC, an estimated number of 31% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

41%

Institution Grant Aid

3%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,457

State Grant Aid

$1,350

Institution Grant Aid

$1,187

Pell Grant

$4,372

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,490

$30,001 - $48,000

$4,602

$48,001 - $75,000

$2,916

$75,001 - $110,000

$767

Over $110,000

$174

Student Loans for Hennepin Technical College (HTC)

Average Loan Amount Average Loan Amount received per year.

$6,577/Year

Students Taking Out Loans

34%

Loan Default Rate

13.1%

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