$4,555

Avg. Federal Grant

$4,674

Avg. Federal Loan

$5,442,262

Total Aid Awarded

Wisconsin Indianhead Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

42%

Total Aid Amount Average Total Aid Awarded per year.

$5.442M

Financial Aid Official Website

https://www.witc.edu/tuition-and-financial-aid

Students can avail of scholarships provided by the college, such as Academic Excellence Scholarship, Duluth Central High School Alumni Scholarship, Lake Mason Lions Club Scholarship, and Midwest Student Exchange Program, if they find educational expenses to be on the higher side. Notably, 74% of the students at Wisconsin Indianhead Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,382,300. Notably, a total of 58% of the applicants to Wisconsin Indianhead Technical College receive the Federal Grant every year. On the other hand, 62% of the candidates get the Student Grant, 12% receive the Institution Grant, and 58% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,632, and the same stands at $1,121 for State Grant awardees and $532 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,615. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 48% of the applicants to Wisconsin Indianhead Technical College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

42%

Institution Grant Aid

19%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$4,555

State Grant Aid

$1,175

Institution Grant Aid

$556

Pell Grant

$4,468

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,729

$30,001 - $48,000

$4,267

$48,001 - $75,000

$2,158

$75,001 - $110,000

$421

Over $110,000

N/A

Student Loans for Wisconsin Indianhead Technical College

Average Loan Amount Average Loan Amount received per year.

$4,674/Year

Students Taking Out Loans

54%

Loan Default Rate

11.8%