$5,054

Avg. Federal Grant

$5,879

Avg. Federal Loan

$8,682,654

Total Aid Awarded

Clover Park Technical College (CPTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

31%

Total Aid Amount Average Total Aid Awarded per year.

$8.683M

Financial Aid Official Website

www.cptc.edu/financial-aid

It is interesting to note that, every year, around 69% of students at CPTC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,807,864. At CPTC, the total percentage of applicants who receive the Federal Grant stands at 53%. Meanwhile, 57% of the applicants receive the Student Grant and 4% are awarded the Institution Grant, while 51% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,822, and the same stands at $3,184 for State Grant awardees and $1,451 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,902. 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. Every year, around 20% of the applicants to Clover Park Technical College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

46%

Institution Grant Aid

6%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$5,054

State Grant Aid

$3,222

Institution Grant Aid

$941

Pell Grant

$4,683

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,335

$30,001 - $48,000

$8,656

$48,001 - $75,000

$4,400

$75,001 - $110,000

$38

Over $110,000

N/A

Student Loans for Clover Park Technical College (CPTC)

Average Loan Amount Average Loan Amount received per year.

$6,099/Year

Students Taking Out Loans

18%

Loan Default Rate

20%

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