$4,511

Avg. Federal Grant

$5,431

Avg. Federal Loan

$30,942,023

Total Aid Awarded

Pennsylvania College of Technology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$30.942M

Financial Aid Official Website

https://www.pct.edu/admissions/

Notably, 89% of the students at Pennsylvania College of Technology get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $24,235,938. One can visit PCT's financial aid page at https://www.pct.edu/admissions/ for more information. Notably, a total of 41% of the applicants to Pennsylvania College of Technology receive the Federal Grant every year. On the other hand, 87% of the candidates get the Student Grant, 22% receive the Institution Grant, and 41% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,631, while the same comes to $3,198 for State Grant receivers and $5,425 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,292. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At PCT, an estimated number of 74% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

46%

Institution Grant Aid

20%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,511

State Grant Aid

$3,192

Institution Grant Aid

$5,420

Pell Grant

$4,193

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,891

$30,001 - $48,000

$8,697

$48,001 - $75,000

$6,133

$75,001 - $110,000

$2,925

Over $110,000

$589

Student Loans for Pennsylvania College of Technology

Average Loan Amount Average Loan Amount received per year.

$11,366/Year

Students Taking Out Loans

76%

Loan Default Rate

11.5%

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