$5,013

Avg. Federal Grant

$11,776

Avg. Federal Loan

$14,021,221

Total Aid Awarded

Spartan College of Aeronautics and Technology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$14.021M

Financial Aid Official Website

www.spartan.edu/financial-aid-process

It is interesting to note that, every year, around 76% of students at SCAT receive some kind of financial aid, while the total amount of assistance/loans provided is $4,153,290. Notably, a total of 51% of the applicants to Spartan College of Aeronautics and Technology receive the Federal Grant every year. On the other hand, 51% of the candidates get the Student Grant, 3% receive the Institution Grant, and 51% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,677. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 66% of the applicants to Spartan College of Aeronautics and Technology opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

9%

Institution Grant Aid

16%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,013

State Grant Aid

$3,226

Institution Grant Aid

$1,694

Pell Grant

$4,807

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,936

$30,001 - $48,000

$2,003

$48,001 - $75,000

$1,350

$75,001 - $110,000

$1,000

Over $110,000

N/A

Student Loans for Spartan College of Aeronautics and Technology

Average Loan Amount Average Loan Amount received per year.

$13,600/Year

Students Taking Out Loans

72%

Loan Default Rate

15%

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