by our College Data Analytics TeamMost students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Ocean County Vocational-Technical School can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will OCVTS provide, and just what are you going to be eligible for? Read on for answers. Read on to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Ocean County Vocational-Technical School.
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.
For freshmen starting at Ocean County Vocational-Technical School, 68% of new full-time first-years were awarded at least some aid some 116 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $7,681 |
| Institutional grants & scholarships | 2% | $2,083 |
| Federal Pell grants | 57% | $6,784 |
| State/local grants | 32% | $3,564 |
| Federal student loans | 48% | $8,344 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at OCVTS, approximately 53% of undergraduate students received gift aid averaging $4,749 (across approximately 240 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $4,749 |
| Federal Pell grants | 39% | $5,154 |
| Federal student loans | 24% | $6,406 |
For students living on campus and receiving title-IV aid, grants averaged $6,572.
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 | $8,747 |
| $30,001 – $75,000 | $11,482 |
| Over $75,000 | $13,673 |
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 | $10,828 |
| Off-campus title-IV students | $10,226 |
For a personalized estimate based on your family’s financial situation, use OCVTS’s NPC: www.ocvts.org/forms/netpricecalculator/npcalc.html.
Graduating students at OCVTS carry a median federal student debt of $5,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $5,500 |
| Typical 10-year monthly payment (graduates) | $58.31/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at OCVTS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,655 |
| 25th percentile | $2,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
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 | $7,250 |
| Middle income | $5,128 |
| High income | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,207 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for OCVTS.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at OCVTS:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1223 |
| Total Stafford loan amount | $7,322,491 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $29,150 |
| Average GI Bill amount per recipient | $7,288 |
References
More about our data sources and methodologies.