by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Interested in understanding the financial aid resources available at SOWELA and your eligibility? Find the answers you seek below.
$5,100.00 is the typical SOWELA Technical Community College’s first year financial aid package. 93% of first-year students are awarded financial aid, primarily comprising loans.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at SOWELA Technical Community College.
As well as scholarships, 66% of first-year students (364 total) got a federal grant, for about $5,517.00 per person.
The following grants and scholarships consist of mostly federally provided grants, as well as some state and local grants.
66% of freshmen at SOWELA Technical Community College (364 total) received a federal grant, averaging $5,517.00.
Amount of Financial Assistance Per Income Level
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 38.92% | $6,784.00 |
| Income 30k-48k | 10.81% | $6,708.00 |
| Income 48k-75k | 8.65% | $4,834.00 |
| Income 75k-110k | 0.18% | $3,352.00 |
| Income 110k + | 0.18% | $4,045.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
512 SOWELA undergrads obtain grant aid (this is about 93% of the entire undergraduate student population). The average amount these students receive is $5,100.00.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.