$4,919

Avg. Federal Grant

$9,310

Avg. Federal Loan

$1,616,111

Total Aid Awarded

ITI Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$1.616M

Financial Aid Official Website

https://www.iticollege.edu/financial-aid/

It is interesting to note that, every year, around 94% of students at ITC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,620,050. The total percentage of candidates applying to ITI Technical College who receive the Federal Grant is 66%. Meanwhile, 71% of the applicants receive the Student Grant, while 66% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,774. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At ITC, an estimated number of 88% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

68%

State Grant Aid

4%

Institution Grant Aid

N/A

Pell Grant

68%

Average Aid Awarded

Federal Grant Aid

$4,919

State Grant Aid

$2,380

Institution Grant Aid

N/A

Pell Grant

$4,760

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,023

$30,001 - $48,000

$3,622

$48,001 - $75,000

$2,250

$75,001 - $110,000

$370

Over $110,000

$376

Student Loans for ITI Technical College

Average Loan Amount Average Loan Amount received per year.

$10,055/Year

Students Taking Out Loans

92%

Loan Default Rate

11.6%

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