by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Alaska Vocational Technical Center can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will AVTEC offer, and what will you qualify for? Read on for more information. Keep scrolling to learn what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Alaska Vocational Technical Center.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Alaska Vocational Technical Center, 60% of first-time, full-time freshmen received some form of financial aid some 70 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $5,878 |
| Institutional grants & scholarships | 6% | $3,471 |
| Federal Pell grants | 27% | $5,470 |
| State/local grants | 28% | $6,800 |
| Federal student loans | 5% | $6,185 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, some 25% of undergraduate students received gift aid averaging $2,848 (for some 267 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 25% | $2,848 |
| Federal Pell grants | 3% | $5,407 |
| Federal student loans | 1% | $6,887 |
For students living on campus and receiving title-IV aid, grants averaged $7,646.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,071 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,635 |
| Off-campus title-IV students | $12,071 |
For a personalized estimate based on your family’s financial situation, use AVTEC’s net price tool: www.avtec.edu/ntk/net-price-calculator/.
A typical borrower at AVTEC leaves with $5,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at AVTEC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,043 |
| 25th percentile | $2,900 |
| 75th percentile | $6,428 |
| 90th percentile (highest-debt students) | $9,500 |
The figure below distills the debt data into a single burden category for AVTEC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at AVTEC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 496 |
| Total Stafford loan amount | $3,005,766 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $40,538 |
| Average GI Bill amount per recipient | $5,067 |
References
More about our data sources and methodologies.