by our College Data Analytics TeamA large number of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Mineral County Vocational Technical Center can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Mineral County Vocational Technical Center offer, and what will you qualify for? Read on for more information. Keep scrolling to find out just how much financial aid will be open 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 Mineral County Vocational Technical Center.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Mineral County Vocational Technical Center, 45% of new full-time first-years were awarded at least some aid some 15 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $4,845 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 39% | $3,866 |
| State/local grants | 15% | $4,485 |
| Federal student loans | 0% | — |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Mineral County Vocational Technical Center, about 45% of undergraduates were awarded an average grant or scholarship of $4,845 (for some 15 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $4,845 |
| Federal Pell grants | 39% | $3,866 |
| Federal student loans | 0% | — |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,866.
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 | $2,385 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $2,914 |
| Off-campus title-IV students | $2,385 |
For an estimate tailored to your family circumstances, see Mineral County Vocational Technical Center’s online cost calculator: core-docs.s3.amazonaws.com/documents/asset/uploaded_file/1647662/MCTC-Calculator.html.
The Department of Education computes summary indicators that describe debt outcomes at a glance. Mineral County Vocational Technical Center.
References
More about our data sources and methodologies.