$3,923

Avg. Federal Grant

$4,325

Avg. Federal Loan

$536,062

Total Aid Awarded

Salina Area Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$536.062K

Financial Aid Official Website

www.salinatech.edu/financial-aid/

Students can avail of scholarships provided by the college, such as Albert M. Lappin Scholarship, Hansen Leaders of Tomorrow, Hansen Student Scholarship, and Hugh A. Smith Scholarship, if they find educational expenses to be on the higher side. Notably, 86% of the students at Salina Area Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $510,293. For additional information about financial assistance schemes, one can head over to SATC’s financial aid page at http://www.salinatech.edu/financial-aid/. Notably, a total of 56% of the applicants to Salina Area Technical College receive the Federal Grant every year. Meanwhile, 73% of the applicants receive the Student Grant and 3% are awarded the Institution Grant, while 48% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,680. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Salina Area Technical College, the percentage of candidates who opt to avail of student loans is around 39%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

4%

Institution Grant Aid

3%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$3,923

State Grant Aid

$867

Institution Grant Aid

$1,342

Pell Grant

$3,859

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,944

$30,001 - $48,000

$3,861

$48,001 - $75,000

$2,946

$75,001 - $110,000

$935

Over $110,000

N/A

Student Loans for Salina Area Technical College

Average Loan Amount Average Loan Amount received per year.

$4,325/Year

Students Taking Out Loans

55%

Loan Default Rate

5.8%

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