Vaughn College of Aeronautics and Technology Financial Aid and Scholarships
Students Receiving Aid
78%
Total Aid Amount
$8.149M
Financial Aid Official Website
www.vaughn.edu
Among them are scholarship programs such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Founder's Scholarship, and Gold Wings Scholarship. As many as 92% of the students at VCAT get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,131,554 in a year. For additional information about financial assistance schemes, one can head over to VCAT’s financial aid page at http://www.vaughn.edu. At VCAT, the total percentage of applicants who receive the Federal Grant stands at 66%. In comparison, 88% of the students are awarded the Student Grant, 81% get the Institution Grant, and 65% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $2,848, the State Grant receivers and Institution Grant beneficiaries get $2,571 and $4,191, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,551. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $7,743 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $6,123 and $4,247, respectively. Those with an annual income level of $75,001-$110,000 would receive $3,286, while candidates with more than $110,000 of family income receive an average federal aid of $5,722. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At VCAT, an estimated number of 61% of the applicants choose to go for student loans.
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