Drake State Community and Technical College Financial Aid and Scholarships
Students Receiving Aid
81%
Total Aid Amount
$3.042M
Financial Aid Official Website
www.drakestate.edu/admissions/financial_aid.aspx
Notably, around 84% of the students at J. F. Drake State Community and Technical College receive some kind of financial aid every year, official data shows. For additional information about financial assistance schemes, one can head over to JFDSCTC’s financial aid page at http://www.drakestate.edu/admissions/financial_aid.aspx. The total percentage of candidates applying to J. F. Drake State Community and Technical College who receive the Federal Grant is 82%. In comparison, 84% of the students are awarded the Student Grant, 11% get the Institution Grant, and 78% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $8,463, and the same stands at $305 for State Grant awardees and $2,038 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $8,307. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.
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