Pennco Tech Financial Aid and Scholarships
Students Receiving Aid
67%
Total Aid Amount
$1.682M
Financial Aid Official Website
N/A
Among them are scholarship programs such as Joseph P. Gavenonis Scholarship and Technology Scholarship. It is interesting to note that, every year, around 86% of students at PTB receive some kind of financial aid, while the total amount of assistance/loans provided is $3,030,041. At PTB, the total percentage of applicants who receive the Federal Grant stands at 71%. In comparison, 78% of the students are awarded the Student Grant, 16% get the Institution Grant, and 71% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,743, while the same comes to $2,946 for State Grant receivers and $963 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,751. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 71% of the applicants to Pennco Tech-Bristol opt for student loans.
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