by our College Data Analytics TeamA large number of 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 price tag of going to Modern Technology School can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will Modern Technology School offer you, and what will you qualify for? Read on for more information. Keep scrolling to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Modern Technology School.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Modern Technology School, 70% of the incoming full-time class was awarded financial aid approximately 63 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $5,989 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 54% | $5,989 |
| State/local grants | 0% | — |
| Federal student loans | 68% | $9,269 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Modern Technology School, some 29% of the undergraduate population received grant aid that averaged $6,643 (among about 58 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 29% | $6,643 |
| Federal Pell grants | 26% | $7,221 |
| Federal student loans | 37% | $8,704 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,989.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,918 |
| $30,001 – $75,000 | $23,165 |
| Over $75,000 | $23,250 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,620 |
| Off-campus title-IV students | $23,046 |
To get a personalized net price estimate, try Modern Technology School’s official net price calculator: mtschool.edu/wp-content/uploads/2020/01/MTS-Calculator.html.
A typical borrower at Modern Technology School leaves with $11,430 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,430 |
| Median federal debt (graduates only) | $14,875 |
| Typical 10-year monthly payment (graduates) | $157.7/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Modern Technology School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,056 |
| 25th percentile | $6,668 |
| 75th percentile | $15,625 |
| 90th percentile (highest-debt students) | $24,836 |
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 | $11,095 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,811 |
| Continuing-generation students | $15,625 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,125 |
| Independent students | $12,213 |
The figure below distills the debt data into a single burden category for Modern Technology School.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Modern Technology School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1596 |
| Total Stafford loan amount | $18,954,023 |
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 | 5 |
| Total GI Bill amount | $95,644 |
| Average GI Bill amount per recipient | $19,129 |
References
More about our data sources and methodologies.