$5,073

Avg. Federal Grant

$3,120

Avg. Federal Loan

$8,332,744

Total Aid Awarded

Orangeburg Calhoun Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$8.333M

Financial Aid Official Website

www.octech.edu/cost-financial-aid

Notably, 98% of the students at Orangeburg Calhoun Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,581,836. For additional information about financial assistance schemes, one can head over to OCTC’s financial aid page at http://www.octech.edu/cost-financial-aid. Notably, a total of 73% of the applicants to Orangeburg Calhoun Technical College receive the Federal Grant every year. On the other hand, 98% of the candidates get the Student Grant, 8% receive the Institution Grant, and 73% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,218, the State Grant receivers and Institution Grant beneficiaries get $4,019 and $349, respectively. And, for the Pell Grant awardees, the average aid amount is $4,346. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Orangeburg Calhoun Technical College, the percentage of candidates who opt to avail of student loans is around 7%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

70%

State Grant Aid

66%

Institution Grant Aid

9%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$5,073

State Grant Aid

$3,740

Institution Grant Aid

$617

Pell Grant

$5,043

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,358

$30,001 - $48,000

$7,137

$48,001 - $75,000

$5,223

$75,001 - $110,000

$5,915

Over $110,000

$1,140

Student Loans for Orangeburg Calhoun Technical College

Average Loan Amount Average Loan Amount received per year.

$3,120/Year

Students Taking Out Loans

14%

Loan Default Rate

17.1%

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