$4,498

Avg. Federal Grant

$4,584

Avg. Federal Loan

$8,161,058

Total Aid Awarded

Western Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$8.161M

Financial Aid Official Website

https://www.westerntc.edu/financialaid/

Such schemes include Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship. As many as 81% of the students at WTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,454,727 in a year. The total percentage of candidates applying to Western Technical College who receive the Federal Grant is 47%. Meanwhile, 63% of the applicants receive the Student Grant and 28% are awarded the Institution Grant, while 47% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,035, the State Grant receivers and Institution Grant beneficiaries get $1,185 and $1,446, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,965. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WTC, an estimated number of 53% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

56%

State Grant Aid

47%

Institution Grant Aid

29%

Pell Grant

56%

Average Aid Awarded

Federal Grant Aid

$4,498

State Grant Aid

$1,075

Institution Grant Aid

$1,167

Pell Grant

$4,449

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,208

$30,001 - $48,000

$5,515

$48,001 - $75,000

$2,806

$75,001 - $110,000

$1,114

Over $110,000

$443

Student Loans for Western Technical College

Average Loan Amount Average Loan Amount received per year.

$4,709/Year

Students Taking Out Loans

62%

Loan Default Rate

13.9%

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