by our College Data Analytics TeamMany 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 price of attendance at HVAC Technical Institute can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does HVAC Technical Institute offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to see how much school funding could be available 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 HVAC Technical Institute.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at HVAC Technical Institute, 84% of first-year full-time students received aid of some kind some 87 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $4,627 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 72% | $4,627 |
| State/local grants | 0% | — |
| Federal student loans | 78% | $4,738 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At HVAC Technical Institute, about 54% of undergrads got grants or scholarships worth on average $4,337 (across roughly 219 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $4,337 |
| Federal Pell grants | 54% | $4,337 |
| Federal student loans | 60% | $5,277 |
On-campus students receiving title-IV aid were awarded grants averaging $3,865.
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 | $23,003 |
| $30,001 – $75,000 | $23,851 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $20,403 |
| Off-campus title-IV students | $23,216 |
For an estimate tailored to your family circumstances, see HVAC Technical Institute’s net price calculator: hvac-tech.com/financial-aid-calculator/.
The median student at HVAC Technical Institute graduates with $6,851 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,851 |
| Median federal debt (graduates only) | $6,851 |
| Typical 10-year monthly payment (graduates) | $72.63/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at HVAC Technical Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,425 |
| 25th percentile | $3,966 |
| 75th percentile | $6,851 |
| 90th percentile (highest-debt students) | $6,851 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,851 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,966 |
| Independent students | $6,851 |
These indicators are derived from the underlying debt data and summarize the overall picture at HVAC Technical Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at HVAC Technical Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 495 |
| Total Stafford loan amount | $2,579,463 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $200,550 |
| Average GI Bill amount per recipient | $14,325 |
References
More about our data sources and methodologies.