by our College Data Analytics TeamMost 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 price tag of going to Mid-EastCTC-Adult Education can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will Mid-EastCTC-Adult Education provide, and just what are you going to be eligible for? Read on for answers. Keep reading to find out what amount of financial assistance will be accessible 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 Mid-EastCTC-Adult Education.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. 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 Mid-EastCTC-Adult Education, 91% of first-time, full-time freshmen received some form of financial aid roughly 158 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $3,528 |
| Institutional grants & scholarships | 9% | $1,000 |
| Federal Pell grants | 41% | $4,099 |
| State/local grants | 41% | $3,527 |
| Federal student loans | 41% | $6,500 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Mid-EastCTC-Adult Education, around 88% of undergraduates were awarded an average grant or scholarship of $2,999 (across roughly 395 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $2,999 |
| Federal Pell grants | 32% | $4,988 |
| Federal student loans | 33% | $6,573 |
A typical borrower at Mid-EastCTC-Adult Education leaves with $7,063 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,063 |
| Median federal debt (graduates only) | $7,600 |
| Typical 10-year monthly payment (graduates) | $80.57/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Mid-EastCTC-Adult Education.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,800 |
| 25th percentile | $4,400 |
| 75th percentile | $9,233 |
| 90th percentile (highest-debt students) | $9,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,600 |
| Middle income | $6,385 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,125 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,432 |
The figure below distills the debt data into a single burden category for Mid-EastCTC-Adult Education.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Mid-EastCTC-Adult Education:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2042 |
| Total Stafford loan amount | $14,872,524 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $43,908 |
| Average GI Bill amount per recipient | $6,273 |
References
More about our data sources and methodologies.