$5,039

Avg. Federal Grant

$4,893

Avg. Federal Loan

$33,207,869

Total Aid Awarded

Wake Technical Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$33.208M

Financial Aid Official Website

financialaid.waketech.edu/

Students can avail of scholarships provided by the college, such as North Carolina Student Incentive Grant and Triangle Scholarship Program, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 59% of students at WTCC receive some kind of financial aid, while the total amount of assistance/loans provided is $34,233,756. One can visit WTCC's financial aid page at http://financialaid.waketech.edu/ for more information. At WTCC, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 44% of the candidates get the Student Grant, 2% receive the Institution Grant, and 38% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,097, and the same stands at $2,090 for State Grant awardees and $960 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,917. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At Wake Technical Community College, the percentage of candidates who opt to avail of student loans is around 30%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

16%

Institution Grant Aid

2%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$5,039

State Grant Aid

$1,821

Institution Grant Aid

$859

Pell Grant

$5,014

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,954

$30,001 - $48,000

$5,032

$48,001 - $75,000

$4,162

$75,001 - $110,000

$838

Over $110,000

$170

Student Loans for Wake Technical Community College

Average Loan Amount Average Loan Amount received per year.

$4,995/Year

Students Taking Out Loans

22%

Loan Default Rate

14.5%

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