$6,138

Avg. Federal Grant

$9,367

Avg. Federal Loan

$5,942,900

Total Aid Awarded

National Aviation Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$5.943M

Financial Aid Official Website

www.naa.edu/page/student_finance_what_is_financial_aid

Notably, 94% of the students at National Aviation Academy of Tampa Bay get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,660,709. At NAATB, the total percentage of applicants who receive the Federal Grant stands at 83%. In comparison, 83% of the students get the Student Grant, and 83% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $6,457. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At NAATB, an estimated number of 77% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

80%

State Grant Aid

6%

Institution Grant Aid

N/A

Pell Grant

80%

Average Aid Awarded

Federal Grant Aid

$6,138

State Grant Aid

$5,153

Institution Grant Aid

N/A

Pell Grant

$6,138

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,271

$30,001 - $48,000

$4,981

$48,001 - $75,000

$2,721

$75,001 - $110,000

$572

Over $110,000

$100

Student Loans for National Aviation Academy

Average Loan Amount Average Loan Amount received per year.

$9,825/Year

Students Taking Out Loans

74%

Loan Default Rate

1.6%

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