by our College Data Analytics TeamMany students are not billed 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 sum total of attendance at Electrical Training Center can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can Electrical Training Center provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Electrical Training 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.
Among first-time, full-time freshmen at Electrical Training Center, 78% of new full-time first-years were awarded at least some aid some 227 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $5,112 |
| Institutional grants & scholarships | 8% | $750 |
| Federal Pell grants | 57% | $3,758 |
| State/local grants | 13% | $8,186 |
| Federal student loans | 56% | $4,197 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 58% of undergraduate students received gift aid averaging $5,253 (covering around 278 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $5,253 |
| Federal Pell grants | 51% | $3,829 |
| Federal student loans | 52% | $4,478 |
On-campus students receiving title-IV aid were awarded grants averaging $3,715.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,569 |
| $30,001 – $75,000 | $18,046 |
| Over $75,000 | $21,218 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $24,289 |
| Off-campus title-IV students | $18,341 |
To get a personalized net price estimate, try Electrical Training Center’s online cost calculator: s510471079.onlinehome.us/NetPriceCalculator/index.html.
Graduating students at Electrical Training Center carry a median federal student debt of $6,022 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,022 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Electrical Training Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,834 |
| 25th percentile | $3,167 |
| 75th percentile | $6,087 |
| 90th percentile (highest-debt students) | $6,333 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $3,666 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $3,666 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Electrical Training Center.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Electrical Training Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 767 |
| Total Stafford loan amount | $3,312,684 |
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 | 27 |
| Total GI Bill amount | $393,031 |
| Average GI Bill amount per recipient | $14,557 |
References
More about our data sources and methodologies.