by our College Data Analytics TeamA lot of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Bolivar Technical College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial assistance options will Bolivar Technical College offer you, and what will you qualify for? Read on for more information. Scroll down to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Bolivar Technical College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Bolivar Technical College, approximately 78% of undergraduate students received gift aid averaging $5,446 (across roughly 113 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $5,446 |
| Federal Pell grants | 65% | $2,981 |
| Federal student loans | 67% | $3,384 |
The median federal debt load at Bolivar Technical College comes to $11,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,000 |
| Median federal debt (graduates only) | $15,000 |
| Typical 10-year monthly payment (graduates) | $159.02/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $10,936 |
The figure below distills the debt data into a single burden category for Bolivar Technical College.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Bolivar Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 479 |
| Total Stafford loan amount | $6,086,182 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $25,230 |
| Average GI Bill amount per recipient | $25,230 |
References
More about our data sources and methodologies.