by our College Data Analytics TeamA large number of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Career and Technology Education Centers of Licking County can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can C-TEC of Licking County provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Career and Technology Education Centers of Licking County.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Career and Technology Education Centers of Licking County, 59% of entering full-time freshmen got some type of financial assistance (about 44 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $4,496 |
| Institutional grants & scholarships | 9% | $2,500 |
| Federal Pell grants | 43% | $3,606 |
| State/local grants | 27% | $3,247 |
| Federal student loans | 37% | $3,346 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at C-TEC of Licking County, about 19% of undergrads got grants or scholarships worth on average $5,527 (covering around 86 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 19% | $5,527 |
| Federal Pell grants | 16% | $4,040 |
| Federal student loans | 17% | $4,758 |
The median student at C-TEC of Licking County graduates with $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $6,500 |
| Typical 10-year monthly payment (graduates) | $68.91/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at C-TEC of Licking County.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,226 |
| 25th percentile | $3,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,389 |
| Middle income | $6,085 |
| High income | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,301 |
| Independent students | $8,814 |
The figure below distills the debt data into a single burden category for C-TEC of Licking County.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at C-TEC of Licking County:
| Metric | Value |
|---|---|
| Stafford loan recipients | 757 |
| Total Stafford loan amount | $5,365,728 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $11,392 |
| Average GI Bill amount per recipient | $3,797 |
References
More about our data sources and methodologies.