$2,060

Avg. Federal Grant

N/A

Avg. Federal Loan

$1,195,288

Total Aid Awarded

Okaloosa Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$1.195M

Financial Aid Official Website

www.otcollege.net/#!financial-aid/i3ca3

Among them are scholarship programs such as FFGC Scholarship for High School Students, Florida Bright Futures Scholarship Program, Florida Engineering Foundation Scholarship, and Florida Public Postsecondary Career Education Student Assistance Program (FSAG-CE). Notably, around 90% of the students at Okaloosa Technical College receive some kind of financial aid every year, official data shows. More information regarding the financial assistance schemes can be accessed on OTC’s official financial aid page at http://www.otcollege.net/#!financial-aid/i3ca3. The total percentage of candidates applying to Okaloosa Technical College who receive the Federal Grant is 78%. In comparison, 90% of the students are awarded the Student Grant, 8% get the Institution Grant, and 60% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $2,230, and the same stands at $1,128 for State Grant awardees and $1,834 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,414. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

7%

Institution Grant Aid

6%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$2,060

State Grant Aid

$948

Institution Grant Aid

$1,900

Pell Grant

$2,060

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,419

$30,001 - $48,000

$3,147

$48,001 - $75,000

$2,899

$75,001 - $110,000

N/A

Over $110,000

N/A

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