$4,560

Avg. Federal Grant

$4,019

Avg. Federal Loan

$15,416,531

Total Aid Awarded

West Kentucky Community And Technical College (WKCTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$15.417M

Financial Aid Official Website

https://westkentucky.kctcs.edu/affording-college/index.aspx

It is interesting to note that, every year, around 96% of students at WKCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,820,064. The total percentage of candidates applying to West Kentucky Community and Technical College who receive the Federal Grant is 60%. On the other hand, 89% of the candidates get the Student Grant, 5% receive the Institution Grant, and 60% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,613, while the same comes to $2,186 for State Grant receivers and $2,805 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,839. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WKCTC, an estimated number of 17% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

84%

Institution Grant Aid

6%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,560

State Grant Aid

$1,967

Institution Grant Aid

$2,891

Pell Grant

$4,495

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,159

$30,001 - $48,000

$6,854

$48,001 - $75,000

$5,150

$75,001 - $110,000

$2,223

Over $110,000

$2,556

Student Loans for West Kentucky Community And Technical College (WKCTC)

Average Loan Amount Average Loan Amount received per year.

$4,019/Year

Students Taking Out Loans

11%

Loan Default Rate

21.3%

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