by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Discover the financial aid possibilities at Vermont Tech and learn what assistance you might qualify for by continuing to read.
$6,242.00 is the typical Vermont Technical College’s first year financial aid package. A significant 95% of freshmen benefit from financial aid, with the main type being loans.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Vermont Technical College.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
84% of new students (169 total) were offered scholarships at Vermont Technical College, averaging $4,144.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 59% of freshmen (118 total) received a federal grant, for about $3,608.00 a person.
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 | 8.96% | $11,012.00 |
| Income 30k-48k | 11.44% | $10,253.00 |
| Income 48k-75k | 11.44% | $6,515.00 |
| Income 75k-110k | 14.43% | $4,667.00 |
| Income 110k + | 13.43% | $2,562.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
95% of the 201 undergraduates at Vermont Technical College receive some sort of grant aid. This is a total of about 180 students getting an average of $6,242.00 per person.
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.