$4,581

Avg. Federal Grant

$6,945

Avg. Federal Loan

$2,598,599

Total Aid Awarded

Intellitec College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$2.599M

Financial Aid Official Website

www.intelliteccollege.com/financial-aid/

Notably, 64% of the students at Intellitec College-Colorado Springs get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,770,280. The total percentage of candidates applying to Intellitec College-Colorado Springs who receive the Federal Grant is 53%. Meanwhile, 54% of the applicants receive the Student Grant and 2% are awarded the Institution Grant, while 53% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,347, and the same stands at $808 for State Grant awardees and $6,294 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,893. 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. 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. Every year, around 45% of the applicants to Intellitec College-Colorado Springs opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

16%

Institution Grant Aid

2%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$4,581

State Grant Aid

$973

Institution Grant Aid

$7,498

Pell Grant

$4,361

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,921

$30,001 - $48,000

$5,267

$48,001 - $75,000

$4,306

$75,001 - $110,000

$1,859

Over $110,000

N/A

Student Loans for Intellitec College

Average Loan Amount Average Loan Amount received per year.

$7,520/Year

Students Taking Out Loans

51%

Loan Default Rate

21.6%

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