$4,329

Avg. Federal Grant

$6,079

Avg. Federal Loan

$13,504,610

Total Aid Awarded

Pittsburgh Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$13.505M

Financial Aid Official Website

https://ptcollege.edu/financial-aid/grants-and-scholarships/

Such schemes include Joseph P. Gavenonis Scholarship and Technology Scholarship. Notably, 97% of the students at Pittsburgh Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,281,093. For additional information about financial assistance schemes, one can head over to PTC’s financial aid page at https://www.ptcollege.edu/admissions-financial-aid/financial-aid. The total percentage of candidates applying to Pittsburgh Technical College who receive the Federal Grant is 68%. Meanwhile, 93% of the applicants receive the Student Grant and 83% are awarded the Institution Grant, while 68% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,467, while the same comes to $3,427 for State Grant receivers and $3,135 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,751. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $6,652 in a year. The average aid amount stands at $7,348 for an annual family income between $30,001 and $48,000. This amount comes to $5,939 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $3,228 for those with an annual family income between $75,001 and $110,000, and at $816 for an income more than $110,000. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Pittsburgh Technical College, the percentage of candidates who opt to avail of student loans is around 83%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

69%

State Grant Aid

60%

Institution Grant Aid

80%

Pell Grant

69%

Average Aid Awarded

Federal Grant Aid

$4,329

State Grant Aid

$3,329

Institution Grant Aid

$2,911

Pell Grant

$4,237

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants, with federal grants having the highest percentage contribution of 69% with an average aid amount being $4,329.

Pell grants have a percentage of 69% with an average aid amount of $4,239 which is higher than the state grant aid average of $3,329.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,152

$30,001 - $48,000

$9,102

$48,001 - $75,000

$6,641

$75,001 - $110,000

$4,450

Over $110,000

$2,329

Lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $9,152 while those with family income over $110,000 can expect to receive an aid amount of $2,329. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Pittsburgh Technical College

Average Loan Amount Average Loan Amount received per year.

$6,844/Year

Students Taking Out Loans

83%

Loan Default Rate

18.3%

Student loans are basically a kind of financial aid which has to be paid back by the student within a stipulated period. The average student loan amount a student receives from Pittsburgh Technical College is $6,844 and mostly up to 83% of the students are taking students loan to fulfil their financial needs. The loan default rate is 18.3%. 

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