$4,670

Avg. Federal Grant

$3,730

Avg. Federal Loan

$6,934,380

Total Aid Awarded

Northcentral Technical College (NTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

34%

Total Aid Amount Average Total Aid Awarded per year.

$6.934M

Financial Aid Official Website

www.ntc.edu/admissions/financial-aid

Notably, 70% of the students at Northcentral Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,598,977. One can visit NTC's financial aid page at http://www.ntc.edu/admissions/financial-aid for more information. At NTC, the total percentage of applicants who receive the Federal Grant stands at 52%. In comparison, 60% of the students are awarded the Student Grant, 13% get the Institution Grant, and 51% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,273, and the same stands at $1,008 for State Grant awardees and $703 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,411. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 Northcentral Technical College, the percentage of candidates who opt to avail of student loans is around 44%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

39%

Institution Grant Aid

10%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,670

State Grant Aid

$1,100

Institution Grant Aid

$680

Pell Grant

$4,482

Student eligibility for financial aid depends on various parameters such as Expected Family Contribution (EFC), the cost of attendance at the school student will be attending, the financial aid office at college or universities determine how much financial aid students are eligible to receive.

  • Approximately 52% of students receive federal grant funding, which amounts to an average of $4,670

  • 50% of students receive pell grants, which amounts to an average of about $4,482.

  • Approximately 39% of students receive state grants at an average of about $1,100.

  • 10% of students received the institutional grant at an average of about $680.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,236

$30,001 - $48,000

$5,071

$48,001 - $75,000

$2,476

$75,001 - $110,000

$1,093

Over $110,000

$390

Students and families start with the planning of which college to choose or which program is better or fall in their financial range. FAFSA determines how much a student must contribute each year to the college tuition, how much financial aid they are eligible for, and how it provides the students with a clear understanding of what to expect from each type of assistance they receive.

When it comes to Northcentral Technical College, the average federal assistance received by a student with a family income ranging from $0 to $30,000 is $5,236, while a student with a family income ranging from $ 30,001 to $48,000 is $ 5,071. The student who has a family income ranging from $48,001 to $75,000; the average federal aid received by them is $2,476. In contrast, the student with an annual income ranging from $75,001 to $110,000 the average federal aid is around $1,093. The student who has an annual income level of over $110,000; the average amount of federal aid provided is $390.

Student Loans for Northcentral Technical College (NTC)

Average Loan Amount Average Loan Amount received per year.

$3,730/Year

Students Taking Out Loans

45%

Loan Default Rate

14.9%

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