$4,736

Avg. Federal Grant

$4,648

Avg. Federal Loan

$7,117,164

Total Aid Awarded

Southern West Virginia Community and Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$7.117M

Financial Aid Official Website

www.southernwv.edu/?q=financial-assistance

Notably, 95% of the students at Southern West Virginia Community and Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,826,776. At SWVCTC, the total percentage of applicants who receive the Federal Grant stands at 82%. In comparison, 90% of the students are awarded the Student Grant, 7% get the Institution Grant, and 82% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,012, while the same comes to $2,492 for State Grant receivers and $3,026 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,494. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 Southern West Virginia Community and Technical College, the percentage of candidates who opt to avail of student loans is around 18%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

51%

Institution Grant Aid

11%

Pell Grant

77%

Average Aid Awarded

Federal Grant Aid

$4,736

State Grant Aid

$2,575

Institution Grant Aid

$2,549

Pell Grant

$4,536

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,683

$30,001 - $48,000

$6,143

$48,001 - $75,000

$4,820

$75,001 - $110,000

$2,150

Over $110,000

$425

Student Loans for Southern West Virginia Community and Technical College

Average Loan Amount Average Loan Amount received per year.

$4,648/Year

Students Taking Out Loans

22%

Loan Default Rate

21.5%

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