$5,494

Avg. Federal Grant

$4,675

Avg. Federal Loan

$5,303,003

Total Aid Awarded

Otero Junior College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$5.303M

Financial Aid Official Website

www.ojc.edu/FinancialAid.aspx

As many as 99% of the students at OJC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,583,847 in a year. One can visit OJC's financial aid page at http://www.ojc.edu/FinancialAid.aspx for more information. Notably, a total of 60% of the applicants to Otero Junior College receive the Federal Grant every year. On the other hand, 96% of the candidates get the Student Grant, 84% receive the Institution Grant, and 57% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,016, the State Grant receivers and Institution Grant beneficiaries get $1,286 and $4,354, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,347. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 37% of the applicants to Otero Junior College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

47%

Institution Grant Aid

88%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$5,494

State Grant Aid

$1,151

Institution Grant Aid

$3,669

Pell Grant

$5,306

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,382

$30,001 - $48,000

$7,775

$48,001 - $75,000

$5,856

$75,001 - $110,000

$3,585

Over $110,000

$2,591

Student Loans for Otero Junior College

Average Loan Amount Average Loan Amount received per year.

$4,675/Year

Students Taking Out Loans

39%

Loan Default Rate

17.5%

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