$2,762

Avg. Federal Grant

$2,811

Avg. Federal Loan

$8,148,594

Total Aid Awarded

Vaughn College of Aeronautics and Technology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

73%

State Grant Aid

56%

Institution Grant Aid

84%

Pell Grant

73%

Average Aid Awarded

Federal Grant Aid

$2,762

State Grant Aid

$2,485

Institution Grant Aid

$3,112

Pell Grant

$2,660

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,774

$30,001 - $48,000

$6,607

$48,001 - $75,000

$5,728

$75,001 - $110,000

$3,917

Over $110,000

$4,458

Student Loans for Vaughn College of Aeronautics and Technology

Average Loan Amount Average Loan Amount received per year.

$3,006/Year

Students Taking Out Loans

65%

Loan Default Rate

5.7%

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