$3,184

Avg. Federal Grant

$4,429

Avg. Federal Loan

$2,300,293

Total Aid Awarded

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Southern Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$2.300M

Financial Aid Official Website

www.southerntech.edu/admissions/financial-options/

It is interesting to note that, every year, around 95% of students at STC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,972,262. The total percentage of candidates applying to Southern Technical College who receive the Federal Grant is 88%. In comparison, 88% of the students get the Student Grant, and 85% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,338. 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. At Southern Technical College, the percentage of candidates who opt to avail of student loans is around 89%.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

35%

Institution Grant Aid

2%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$3,184

State Grant Aid

$927

Institution Grant Aid

$3,910

Pell Grant

$3,154

A federal grant is also an option for you if you meet the eligibility criteria, 53% of candidates cover up their expenses and the average of it is $3,184. The Pell grants average amount is $3,154 and serves 53% candidates.

In addition to these, the state grants also cover up the expenses of 35% of pupils and the average of it is  $927. You might depend upon the institutional scholarships and grants as almost 2% of all students get hold of them and the average of them is $3,910.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,815

$30,001 - $48,000

$2,911

$48,001 - $75,000

$1,472

$75,001 - $110,000

$229

Over $110,000

N/A

A student having an annual family income of less than $30,000 might face an amount of $3,815 as the net aid price. You will find this amount to be lowered up to $2,911  in case of an income between the range of $30,001-$48,000.

The aid price decreases gradually as we talk about higher income brackets. For example, a family income ranging from $48,001-$75,000 might make your net price look $1,472, and for a range of $75,001-$110,000, your net aid price will amount to $229.

Student Loans for Southern Technical College

Average Loan Amount Average Loan Amount received per year.

$4,429/Year

Students Taking Out Loans

63%

Loan Default Rate

8.1%

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