Notably, 94% of the students at Ohio Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,874,354. More information regarding the financial assistance schemes can be accessed on OTC’s official financial aid page at http://www.cotc.edu/Admissions/Pages/Office-of-Financial-Aid.aspx. Notably, a total of 66% of the applicants to Ohio Technical College receive the Federal Grant every year. On the other hand, 94% of the candidates get the Student Grant, 56% receive the Institution Grant, and 66% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,035, the State Grant receivers and Institution Grant beneficiaries get $1,277 and $532, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,555. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At Ohio Technical College, the percentage of candidates who opt to avail of student loans is around 82%.