$4,783

Avg. Federal Grant

$5,821

Avg. Federal Loan

$6,461,787

Total Aid Awarded

Vermont Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$6.462M

Financial Aid Official Website

www.vtc.edu/admissions-aid/financial-aid

Such schemes include Abraham Shapiro Memorial Scholarship, Agnes M. Lindsay Trust Scholarship, Bachelor's in Engineering Scholarship, and Bridges to Vermont Scholarship. As many as 95% of the students at VTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,877,154 in a year. For additional information about financial assistance schemes, one can head over to VTC’s financial aid page at http://www.vtc.edu/admissions-aid/financial-aid. The total percentage of candidates applying to Vermont Technical College who receive the Federal Grant is 41%. In comparison, 88% of the students are awarded the Student Grant, 76% get the Institution Grant, and 41% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,999, and the same stands at $1,781 for State Grant awardees and $4,496 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,232. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 75% of the applicants to Vermont Technical College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

47%

Institution Grant Aid

76%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,783

State Grant Aid

$1,586

Institution Grant Aid

$4,389

Pell Grant

$4,233

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,246

$30,001 - $48,000

$8,612

$48,001 - $75,000

$5,999

$75,001 - $110,000

$3,331

Over $110,000

$2,228

Student Loans for Vermont Technical College

Average Loan Amount Average Loan Amount received per year.

$10,667/Year

Students Taking Out Loans

80%

Loan Default Rate

5.6%

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