$4,384

Avg. Federal Grant

$1,460

Avg. Federal Loan

$30,523,470

Total Aid Awarded

Ozarks Technical Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$30.523M

Financial Aid Official Website

https://students.otc.edu/financialaid/

Notably, 95% of the students at Ozarks Technical Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $16,168,954. One can visit OTCC's financial aid page at https://students.otc.edu/financialaid/ for more information. At OTCC, the total percentage of applicants who receive the Federal Grant stands at 65%. In comparison, 92% of the students are awarded the Student Grant, 10% get the Institution Grant, and 55% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,364, and the same stands at $2,346 for State Grant awardees and $864 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,542. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 68% of the applicants to Ozarks Technical Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

72%

Institution Grant Aid

5%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$4,384

State Grant Aid

$2,155

Institution Grant Aid

$1,498

Pell Grant

$4,361

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,929

$30,001 - $48,000

$4,197

$48,001 - $75,000

$1,618

$75,001 - $110,000

$230

Over $110,000

N/A

Student Loans for Ozarks Technical Community College

Average Loan Amount Average Loan Amount received per year.

$1,548/Year

Students Taking Out Loans

56%

Loan Default Rate

18.4%

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