$4,625

Avg. Federal Grant

$3,930

Avg. Federal Loan

$15,056,639

Total Aid Awarded

Triton College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

33%

Total Aid Amount Average Total Aid Awarded per year.

$15.057M

Financial Aid Official Website

www.triton.edu/finaid

It is interesting to note that, every year, around 63% of students at TC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,926,958. The total percentage of candidates applying to Triton College who receive the Federal Grant is 49%. On the other hand, 59% of the candidates get the Student Grant, 15% receive the Institution Grant, and 49% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,785, the State Grant receivers and Institution Grant beneficiaries get $1,192 and $4,093, respectively. And, for the Pell Grant awardees, the average aid amount is $3,858. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. At TC, an estimated number of 5% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

29%

Institution Grant Aid

17%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,625

State Grant Aid

$1,256

Institution Grant Aid

$3,622

Pell Grant

$4,606

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,358

$30,001 - $48,000

$5,665

$48,001 - $75,000

$4,149

$75,001 - $110,000

$209

Over $110,000

N/A

Student Loans for Triton College

Average Loan Amount Average Loan Amount received per year.

$4,022/Year

Students Taking Out Loans

6%

Loan Default Rate

13.9%

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