by our College Data Analytics TeamThe majority of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Franklin County Career and Technology Center can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial assistance solutions will Franklin County Career and Technology Center deliver, and just what are you going to be eligible for? Read on for answers. Read on to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Franklin County Career and Technology Center.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Franklin County Career and Technology Center, 83% of new full-time first-years were awarded at least some aid some 20 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $5,642 |
| Institutional grants & scholarships | 8% | $1,200 |
| Federal Pell grants | 46% | $4,670 |
| State/local grants | 21% | $3,914 |
| Federal student loans | 42% | $5,640 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Franklin County Career and Technology Center, around 52% of undergraduates were awarded an average grant or scholarship of $5,771 (among about 39 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $5,771 |
| Federal Pell grants | 45% | $4,180 |
| Federal student loans | 44% | $4,183 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,255.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,803 |
| $30,001 – $75,000 | $18,035 |
| Over $75,000 | $22,782 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,846 |
| Off-campus title-IV students | $19,466 |
For an estimate tailored to your family circumstances, see Franklin County Career and Technology Center’s online cost calculator: www.franklincountylpn.org/wp-content/uploads/2023/09/Net-Price-Calculator.html.
Graduating students at Franklin County Career and Technology Center carry a median federal student debt of $14,614 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,614 |
| Median federal debt (graduates only) | $14,760 |
| Typical 10-year monthly payment (graduates) | $156.48/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure 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 Franklin County Career and Technology Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $8,309 |
| 75th percentile | $14,760 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $14,760 |
| Middle income | $14,676 |
| High income | $9,128 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,756 |
| Independent students | $14,760 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Franklin County Career and Technology Center.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Franklin County Career and Technology Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 544 |
| Total Stafford loan amount | $4,890,264 |
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 | 6 |
| Total GI Bill amount | $60,017 |
| Average GI Bill amount per recipient | $10,003 |
References
More about our data sources and methodologies.