$4,902

Avg. Federal Grant

$5,121

Avg. Federal Loan

$109,768,232

Total Aid Awarded

Georgia Institute of Technology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$109.768M

Financial Aid Official Website

www.finaid.gatech.edu/

It is interesting to note that, every year, around 69% of students at GITMC receive some kind of financial aid, while the total amount of assistance/loans provided is $23,701,805. Notably, a total of 10% of the applicants to Georgia Institute of Technology-Main Campus receive the Federal Grant every year. Meanwhile, 66% of the applicants receive the Student Grant and 26% are awarded the Institution Grant, while 10% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,231, and the same stands at $9,802 for State Grant awardees and $12,608 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,508. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 Georgia Institute of Technology-Main Campus, the percentage of candidates who opt to avail of student loans is around 23%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

13%

State Grant Aid

61%

Institution Grant Aid

26%

Pell Grant

13%

Average Aid Awarded

Federal Grant Aid

$4,902

State Grant Aid

$9,766

Institution Grant Aid

$11,939

Pell Grant

$4,638

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$19,386

$30,001 - $48,000

$16,162

$48,001 - $75,000

$12,513

$75,001 - $110,000

$10,682

Over $110,000

$10,211

Student Loans for Georgia Institute of Technology

Average Loan Amount Average Loan Amount received per year.

$6,520/Year

Students Taking Out Loans

26%

Loan Default Rate

1.3%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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