by our College Data Analytics TeamThe majority of students will never be charged 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 Monty Tech can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can Monty Tech provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Monty Tech.
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.
For incoming first-year students at Monty Tech, 100% of new full-time first-years were awarded at least some aid roughly 9 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $5,964 |
| Institutional grants & scholarships | 44% | $200 |
| Federal Pell grants | 78% | $6,045 |
| State/local grants | 44% | $950 |
| Federal student loans | 100% | $8,424 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, about 67% of the undergraduate population received grant aid that averaged $6,387 (among about 22 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $6,387 |
| Federal Pell grants | 48% | $6,533 |
| Federal student loans | 76% | $8,473 |
On-campus students receiving title-IV aid were awarded grants averaging $4,597.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $34,873 |
| $30,001 – $75,000 | $34,499 |
| Over $75,000 | $37,946 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $41,748 |
| Off-campus title-IV students | $35,312 |
For a personalized estimate based on your family’s financial situation, use Monty Tech’s net price tool: nces.ed.gov/collegenavigator/?id=433040.
The median student at Monty Tech graduates with $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| 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.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Monty Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $9,500 |
| 75th percentile | $9,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Middle income | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Monty Tech.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Monty Tech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 411 |
| Total Stafford loan amount | $3,060,284 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.