$6,100

Avg. Federal Grant

$3,815

Avg. Federal Loan

$12,615,883

Total Aid Awarded

Technical College of the Lowcountry Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$12.616M

Financial Aid Official Website

www.tcl.edu/paying-for-tcl/financial-aid/

It is interesting to note that, every year, around 88% of students at TCL receive some kind of financial aid, while the total amount of assistance/loans provided is $1,449,827. The total percentage of candidates applying to Technical College of the Lowcountry who receive the Federal Grant is 65%. On the other hand, 88% of the candidates get the Student Grant, 1% receive the Institution Grant, and 54% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,918. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Technical College of the Lowcountry, the percentage of candidates who opt to avail of student loans is around 6%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

27%

Institution Grant Aid

9%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$6,100

State Grant Aid

$2,919

Institution Grant Aid

$675

Pell Grant

$5,291

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,218

$30,001 - $48,000

$4,993

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Technical College of the Lowcountry

Average Loan Amount Average Loan Amount received per year.

$3,847/Year

Students Taking Out Loans

9%

Loan Default Rate

10.5%

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