$4,381

Avg. Federal Grant

$8,309

Avg. Federal Loan

$1,413,085

Total Aid Awarded

Oklahoma Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$1.413M

Financial Aid Official Website

oklahomatechnicalcollege.com/financial-aid/

Notably, 88% of the students at Oklahoma Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,002,032. The total percentage of candidates applying to Oklahoma Technical College who receive the Federal Grant is 71%. On the other hand, 75% of the candidates get the Student Grant, while 71% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,577. 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. 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. Candidates are also required to repay these loans within a given period. At OTC, an estimated number of 62% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

2%

Institution Grant Aid

N/A

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$4,381

State Grant Aid

$780

Institution Grant Aid

N/A

Pell Grant

$4,381

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,203

$30,001 - $48,000

$4,024

$48,001 - $75,000

$2,109

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Oklahoma Technical College

Average Loan Amount Average Loan Amount received per year.

$8,978/Year

Students Taking Out Loans

60%

Loan Default Rate

N/A

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