$4,227

Avg. Federal Grant

$5,328

Avg. Federal Loan

$2,023,533

Total Aid Awarded

Northwest Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$2.024M

Financial Aid Official Website

www.ntcmn.edu/admissions/tuition-aid/

It is interesting to note that, every year, around 81% of students at NTC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,299,126. The total percentage of candidates applying to Northwest Technical College who receive the Federal Grant is 54%. On the other hand, 67% of the candidates get the Student Grant, 9% receive the Institution Grant, and 54% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,637, while the same comes to $2,140 for State Grant receivers and $1,411 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,734. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 54% of the applicants to Northwest Technical College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

66%

Institution Grant Aid

19%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$4,227

State Grant Aid

$1,475

Institution Grant Aid

$893

Pell Grant

$4,145

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,796

$30,001 - $48,000

$5,547

$48,001 - $75,000

$3,995

$75,001 - $110,000

$512

Over $110,000

N/A

Student Loans for Northwest Technical College

Average Loan Amount Average Loan Amount received per year.

$6,697/Year

Students Taking Out Loans

55%

Loan Default Rate

11.8%

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