by our College Data Analytics TeamMost 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 total price of attendance at Midwest Technical Institute - Springfield, Missouri can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can MTI - Springfield, Missouri offer, and what will you qualify for? Keep reading for more information. Scroll down to find out just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Midwest Technical Institute - Springfield, Missouri.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Midwest Technical Institute - Springfield, Missouri, 78% of new full-time first-years were awarded at least some aid some 274 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $6,225 |
| Institutional grants & scholarships | 5% | $2,443 |
| Federal Pell grants | 61% | $6,187 |
| State/local grants | 7% | $4,156 |
| Federal student loans | 64% | $7,290 |
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 MTI - Springfield, Missouri, about 74% of undergraduates were awarded an average grant or scholarship of $6,316 (among about 472 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $6,316 |
| Federal Pell grants | 65% | $6,400 |
| Federal student loans | 69% | $8,312 |
Title-IV recipients living on campus saw average grant aid of $6,608.
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 | $21,760 |
| $30,001 – $75,000 | $23,368 |
| Over $75,000 | $28,918 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,023 |
| Off-campus title-IV students | $23,412 |
To get a personalized net price estimate, try MTI - Springfield, Missouri’s online cost calculator: www.midwesttech.edu/netcalculator/.
The median federal debt load at MTI - Springfield, Missouri comes to $9,251 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,251 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at MTI - Springfield, Missouri.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,100 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,301 |
| Middle income | $7,301 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,251 |
| Continuing-generation students | $9,301 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. MTI - Springfield, Missouri.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at MTI - Springfield, Missouri:
| Metric | Value |
|---|---|
| Stafford loan recipients | 28473 |
| Total Stafford loan amount | $226,868,030 |
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 | 12 |
| Total GI Bill amount | $190,831 |
| Average GI Bill amount per recipient | $15,903 |
References
More about our data sources and methodologies.