$5,589

Avg. Federal Grant

$6,284

Avg. Federal Loan

$1,149,243

Total Aid Awarded

Laurel Technical Institute Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$1.149M

Financial Aid Official Website

www.laurel.edu/financial-aid

Among them are scholarship programs such as Joseph P. Gavenonis Scholarship and Technology Scholarship. It is interesting to note that, every year, around 98% of students at LTI receive some kind of financial aid, while the total amount of assistance/loans provided is $974,751. At LTI, the total percentage of applicants who receive the Federal Grant stands at 82%. On the other hand, 90% of the candidates get the Student Grant, 12% receive the Institution Grant, and 82% get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,435, the State Grant receivers and Institution Grant beneficiaries get $5,393 and $2,617, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,425. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At Laurel Technical Institute, the percentage of candidates who opt to avail of student loans is around 86%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

33%

Institution Grant Aid

4%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$5,589

State Grant Aid

$3,910

Institution Grant Aid

$2,875

Pell Grant

$5,483

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,327

$30,001 - $48,000

$5,940

$48,001 - $75,000

$3,477

$75,001 - $110,000

$2,298

Over $110,000

N/A

Student Loans for Laurel Technical Institute

Average Loan Amount Average Loan Amount received per year.

$6,519/Year

Students Taking Out Loans

76%

Loan Default Rate

8.6%

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