Ohio Valley College of Technology (OVCT) Financial Aid and Scholarships
Students Receiving Aid
92%
Total Aid Amount
$983.453K
Financial Aid Official Website
ovct.edu
It is interesting to note that almost every student at OVCT receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,372,171. The total percentage of candidates applying to Ohio Valley College of Technology who receive the Federal Grant is 79%. In comparison, 96% of the students are awarded the Student Grant, 44% get the Institution Grant, and 79% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,138, and the same stands at $5,375 for State Grant awardees and $1,912 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,400. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 94% of the applicants to Ohio Valley College of Technology opt for student loans.
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