As many as 98% of the students at PTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $10,373,279 in a year. More information regarding the financial assistance schemes can be accessed on PTC’s official financial aid page at http://www.ptc.edu/cost-financial-aid. Notably, a total of 66% of the applicants to Piedmont Technical College receive the Federal Grant every year. Meanwhile, 97% of the applicants receive the Student Grant and 12% are awarded the Institution Grant, while 66% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,391, while the same comes to $4,310 for State Grant receivers and $742 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,252. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 27% of the applicants to Piedmont Technical College opt for student loans.