$5,997

Avg. Federal Grant

N/A

Avg. Federal Loan

$13,925,169

Total Aid Awarded

Savannah Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$13.925M

Financial Aid Official Website

www.savannahtech.edu/financial-aid/

As many as 84% of the students at STC receive some kind of financial aid, shows the latest data. For additional information about financial assistance schemes, one can head over to STC’s financial aid page at http://www.savannahtech.edu/financial-aid/. At STC, the total percentage of applicants who receive the Federal Grant stands at 63%. Meanwhile, 78% of the applicants receive the Student Grant and 1% are awarded the Institution Grant, while 62% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,830, and the same stands at $2,556 for State Grant awardees and $567 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,684. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 2% of the applicants to Savannah Technical College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

55%

Institution Grant Aid

N/A

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$5,997

State Grant Aid

$2,323

Institution Grant Aid

N/A

Pell Grant

$5,998

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,654

$30,001 - $48,000

$7,740

$48,001 - $75,000

$5,230

$75,001 - $110,000

$2,270

Over $110,000

N/A

Student Loans for Savannah Technical College

Average Loan Amount Average Loan Amount received per year.

$3,700/Year

Students Taking Out Loans

2%

Loan Default Rate

4.7%

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