by our College Data Analytics TeamA lot 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 James Rumsey Technical Institute can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will James Rumsey Technical Institute offer you, and what will you qualify for? Read on for more information. Keep reading to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from James Rumsey Technical Institute.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at James Rumsey Technical Institute, 43% of entering full-time freshmen got some type of financial assistance approximately 24 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $7,142 |
| Institutional grants & scholarships | 14% | $2,114 |
| Federal Pell grants | 43% | $4,986 |
| State/local grants | 16% | $2,567 |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 55% of undergraduate students received gift aid averaging $5,434 (across approximately 83 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $5,434 |
| Federal Pell grants | 26% | $5,365 |
| Federal student loans | 0% | — |
For students living on campus and receiving title-IV aid, grants averaged $4,916.
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 | $12,484 |
| $30,001 – $75,000 | $12,404 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $8,477 |
| Off-campus title-IV students | $12,242 |
To get a personalized net price estimate, try James Rumsey Technical Institute’s NPC: jrti.a2hosted.com/resources/net-price-calculator-automotive-technician.
The figure below distills the debt data into a single burden category for James Rumsey Technical Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at James Rumsey Technical Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 28 |
| Total Stafford loan amount | $131,604 |
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 | 5 |
| Total GI Bill amount | $23,783 |
| Average GI Bill amount per recipient | $4,757 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.