It is interesting to note that, every year, around 34% of students at OWTC receive some kind of financial aid. For additional information about financial assistance schemes, one can head over to OWTC’s financial aid page at http://www.otech.edu/future-students/financial-aid/. Notably, a total of 23% of the applicants to Ogden-Weber Technical College receive the Federal Grant every year. In comparison, 34% of the students are awarded the Student Grant, 16% get the Institution Grant, and 23% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,124, while the same comes to $856 for State Grant receivers and $1,292 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,439. 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. 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.