by our College Data Analytics TeamMany 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 price tag of going to MotoRing Technical Training Institute can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does MTTI offer, and what will you qualify for? Keep scrolling for more information. Keep reading to learn how much school funding will be available 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 MotoRing Technical Training Institute.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At MotoRing Technical Training Institute, 65% of entering full-time freshmen got some type of financial assistance approximately 284 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $6,247 |
| Institutional grants & scholarships | 7% | $473 |
| Federal Pell grants | 50% | $5,320 |
| State/local grants | 10% | $3,674 |
| Federal student loans | 53% | $7,117 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at MTTI, roughly 54% of undergraduate students received gift aid averaging $5,759 (for some 308 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $5,759 |
| Federal Pell grants | 50% | $4,927 |
| Federal student loans | 50% | $7,120 |
For on-campus title-IV students, average grant aid came to $3,627.
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 | $16,541 |
| $30,001 – $75,000 | $17,819 |
| Over $75,000 | $21,066 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $20,255 |
| Off-campus title-IV students | $18,858 |
For a personalized estimate based on your family’s financial situation, use MTTI’s NPC: www.mtti.edu/financial-aid/net-price-calculator.
Graduating students at MTTI carry a median federal student debt of $9,350 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,350 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at MTTI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,261 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,399 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at MTTI.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at MTTI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3365 |
| Total Stafford loan amount | $23,106,790 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $190,283 |
| Average GI Bill amount per recipient | $17,298 |
References
More about our data sources and methodologies.