$4,897

Avg. Federal Grant

$9,109

Avg. Federal Loan

$1,682,143

Total Aid Awarded

Pennco Tech Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

65%

State Grant Aid

31%

Institution Grant Aid

1%

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$4,897

State Grant Aid

$2,803

Institution Grant Aid

$4,550

Pell Grant

$4,753

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,771

$30,001 - $48,000

$2,878

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Pennco Tech

Average Loan Amount Average Loan Amount received per year.

$9,004/Year

Students Taking Out Loans

66%

Loan Default Rate

8.1%

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