$6,279

Avg. Federal Grant

$4,643

Avg. Federal Loan

$18,903,654

Total Aid Awarded

Southern Crescent Technical College (SCTECH) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$18.904M

Financial Aid Official Website

www.sctech.edu/currentstudents/student-services/financial-aid/

As many as 89% of the students at SCTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,182,139 in a year. At SCTC, the total percentage of applicants who receive the Federal Grant stands at 71%. In comparison, 86% of the students get the Student Grant, and 71% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $7,764. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Southern Crescent Technical College, the percentage of candidates who opt to avail of student loans is around 12%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

54%

Institution Grant Aid

N/A

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$6,279

State Grant Aid

$2,247

Institution Grant Aid

N/A

Pell Grant

$6,205

Southern Crescent Technical College serves with financial aid through federal, state and institutional grants. The notable figures display their contribution:

  • Federal Grants: Around 79% of the students are provided with an average aid of $6,279.

  • Pell Grants:This caters 79% of the students with an average aid of $6,205.

  • State Grants: Approximtely 54% of the students are supported with an average aid of $2,247.

On an average, $4,643 of federal loans is offered to the students by SCTC confronting financial hurdles.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,845

$30,001 - $48,000

$7,031

$48,001 - $75,000

$4,863

$75,001 - $110,000

$3,152

Over $110,000

$2,366

We’ve also provided some data on the amount of financial aid you may avail at SCTC according to your family income. A significant difference of $5,479 in financial aid is observed between the lower income groups to the higher income groups. Groups with income below $75,000 receive financial aid of $7,845, $7,031 and $4,863, which denotes income group ranges fluctuating from $0 to $30,000, $30,001 to $48,000 and $48,001 to $75,000 in order.

The median financial aid received by students is $4,863 along with an average amounting to $5,050.

The higher income groups of range $75,001 to $110,000 and above $110,000 receive aids of $3,152 and $2,366, respectively. This will help you to estimate the range of financial aid you may receive depending upon your family income.

Student Loans for Southern Crescent Technical College (SCTECH)

Average Loan Amount Average Loan Amount received per year.

$4,643/Year

Students Taking Out Loans

15%

Loan Default Rate

12.6%