$3,184

Avg. Federal Grant

$4,429

Avg. Federal Loan

$2,300,293

Total Aid Awarded

Southern Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$2.300M

Financial Aid Official Website

www.southerntech.edu/admissions/financial-options/

It is interesting to note that, every year, around 95% of students at STC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,972,262. The total percentage of candidates applying to Southern Technical College who receive the Federal Grant is 88%. In comparison, 88% of the students get the Student Grant, and 85% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,338. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Southern Technical College, the percentage of candidates who opt to avail of student loans is around 89%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

35%

Institution Grant Aid

2%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$3,184

State Grant Aid

$927

Institution Grant Aid

$3,910

Pell Grant

$3,154

A federal grant is also an option for you if you meet the eligibility criteria, 53% of candidates cover up their expenses and the average of it is $3,184. The Pell grants average amount is $3,154 and serves 53% candidates.

In addition to these, the state grants also cover up the expenses of 35% of pupils and the average of it is  $927. You might depend upon the institutional scholarships and grants as almost 2% of all students get hold of them and the average of them is $3,910.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,815

$30,001 - $48,000

$2,911

$48,001 - $75,000

$1,472

$75,001 - $110,000

$229

Over $110,000

N/A

A student having an annual family income of less than $30,000 might face an amount of $3,815 as the net aid price. You will find this amount to be lowered up to $2,911  in case of an income between the range of $30,001-$48,000.

The aid price decreases gradually as we talk about higher income brackets. For example, a family income ranging from $48,001-$75,000 might make your net price look $1,472, and for a range of $75,001-$110,000, your net aid price will amount to $229.

Student Loans for Southern Technical College

Average Loan Amount Average Loan Amount received per year.

$4,429/Year

Students Taking Out Loans

63%

Loan Default Rate

8.1%

Exploring Loan Options for this school?

Compare private student loan rates from 10+ lenders to find the best deal for your education. No impact to your credit score.

Compare Student Loan Rates

The College Monk partners with Credible to help you compare student loan rates. If you apply through our links, we may earn a commission at no extra cost to you. This does not influence our editorial recommendations. Full disclosure

Other Colleges In Florida

Saint Petersburg, Florida 4 years Private Not-For-Profit

FAU has a current student population of 29,772 with a student-faculty ratio of 21:1. Diversity is one of the USP of the university. More than half of their students are classified as minority or international, making FAU the most diverse public university in Flor

Boca Raton, Florida 4 years Public

About University of Florida

University of Florida is a public institution with a total enrollment of approximately 52,367 students. With an acceptance rate of 46.00%, University of Florida is moderately selective, offering a competitive but accessible admissions process. The student-to-f

Gainesville, Florida 4 years Public

Other Colleges In Fort Myers

Fort Myers, Florida 4 years Public

Fort Myers, Florida 2 years Public

Fort Myers, Florida -2 years Private Not-For-Profit

Other Private for-profit Colleges


Online Education at Rasmussen College

  • The college has been offering distance education programs for an Associate degree, Bachelor’s degree, Certificates, and Diplomas.

  • It offers both on-campus and online programs in majors such as 

St. Cloud, Minnesota 4 years Private For-Profit

It is a private for-profit college which has around 73 academic and 150 administrative staffs.

  • The student-faculty ratio of the college is 8:1
  • Lakewood, Colorado 4 years Private For-Profit

Capella University is one of the most prominent leading online universities which offer numerous programs that are competency-based curricula such as GuidedPath: The platform that aims at delivering foundational knowledge and real-world skills, so everything students learn is app

Minneapolis, Minnesota 4 years Private For-Profit

Need Expert College Admissions Guidance?

Our admissions consultants — HEC Paris & UCL alumni — have helped students get into top universities worldwide. Free initial consultation.

Get Free Consultation →

Powered by YourDreamSchool.com