$4,422

Avg. Federal Grant

$3,877

Avg. Federal Loan

$10,825,209

Total Aid Awarded

Owensboro Community and Technical College (OCTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$10.825M

Financial Aid Official Website

https://owensboro.kctcs.edu/affording-college/paying-for-college/index.aspx

It is interesting to note that, every year, around 99% of students at OCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,544,991. The total percentage of candidates applying to Owensboro Community and Technical College who receive the Federal Grant is 58%. In comparison, 96% of the students are awarded the Student Grant, 5% get the Institution Grant, and 58% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,641, while the same comes to $2,637 for State Grant receivers and $1,856 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,657. 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. 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 Owensboro Community and Technical College, the percentage of candidates who opt to avail of student loans is around 14%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

89%

Institution Grant Aid

8%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,422

State Grant Aid

$2,152

Institution Grant Aid

$2,246

Pell Grant

$4,329

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,001

$30,001 - $48,000

$6,992

$48,001 - $75,000

$4,897

$75,001 - $110,000

$2,326

Over $110,000

$1,486

Student Loans for Owensboro Community and Technical College (OCTC)

Average Loan Amount Average Loan Amount received per year.

$3,877/Year

Students Taking Out Loans

17%

Loan Default Rate

15.8%

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