by our College Data Analytics TeamMany students attending Southern Technical College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What financial aid options does Southern Technical College offer, and what will you qualify for? Keep scrolling for answers.
$5,380.00 is the typical Southern Technical College’s first year financial aid package. A significant 95% of freshmen benefit from financial aid, with the main type being loans.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Southern Technical College.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers pertain to assistance that is supplied by Southern Technical College.
1% of incoming freshmen (2 total) were awarded scholarships at Southern Technical College, averaging $3,905.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 83% of freshman students (215 total) obtained federal grant aid, averaging $4,943.00 a piece.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 61.92% | $6,204.00 |
| Income 30k-48k | 12.31% | $4,285.00 |
| Income 48k-75k | 2.69% | $1,409.00 |
| Income 75k-110k | 1.92% | $230.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
95% of the 260 undergraduates at Southern Technical College receive some sort of grant aid. This is a total of about 223 students getting an average of $5,380.00 per person.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.