$4,225

Avg. Federal Grant

$4,963

Avg. Federal Loan

$5,582,317

Total Aid Awarded

Northland Community and Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$5.582M

Financial Aid Official Website

www.northlandcollege.edu/admissions/financial-aid/

Notably, 90% of the students at Northland Community and Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,289,660. More information regarding the financial assistance schemes can be accessed on NCTC’s official financial aid page at http://www.northlandcollege.edu/admissions/financial-aid/. At NCTC, the total percentage of applicants who receive the Federal Grant stands at 56%. Meanwhile, 62% of the applicants receive the Student Grant and 1% are awarded the Institution Grant, while 56% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,286, the State Grant receivers and Institution Grant beneficiaries get $1,713 and $715, respectively. And, for the Pell Grant awardees, the average aid amount is $3,723. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At NCTC, an estimated number of 59% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

29%

Institution Grant Aid

1%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$4,225

State Grant Aid

$1,399

Institution Grant Aid

$1,544

Pell Grant

$4,203

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,890

$30,001 - $48,000

$5,686

$48,001 - $75,000

$3,396

$75,001 - $110,000

$644

Over $110,000

N/A

Student Loans for Northland Community and Technical College

Average Loan Amount Average Loan Amount received per year.

$5,542/Year

Students Taking Out Loans

56%

Loan Default Rate

14.4%

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