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 price tag of going to Spa Tech Institute-North Andover can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does Spa Tech Institute-North Andover offer you, and what will you qualify for? Keep scrolling for more information. Keep going to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Spa Tech Institute-North Andover.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Spa Tech Institute-North Andover, 73% of first-year full-time students received aid of some kind roughly 24 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $4,240 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 45% | $3,973 |
| State/local grants | 3% | $4,000 |
| Federal student loans | 67% | $4,248 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Spa Tech Institute-North Andover, approximately 39% of undergrads got grants or scholarships worth on average $3,654 (among about 80 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $3,654 |
| Federal Pell grants | 38% | $3,420 |
| Federal student loans | 46% | $4,699 |
For on-campus title-IV students, average grant aid came to $2,048.
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 | $26,348 |
| $30,001 – $75,000 | $26,620 |
| Over $75,000 | $29,870 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $38,758 |
| Off-campus title-IV students | $27,248 |
For a personalized estimate based on your family’s financial situation, use Spa Tech Institute-North Andover’s online cost calculator: www.spatech.edu/consumer-information.
The median student at Spa Tech Institute-North Andover graduates with $6,333 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Spa Tech Institute-North Andover.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,666 |
| 75th percentile | $6,861 |
| 90th percentile (highest-debt students) | $8,127 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $3,667 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Spa Tech Institute-North Andover.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Spa Tech Institute-North Andover:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4169 |
| Total Stafford loan amount | $25,068,845 |
References
More about our data sources and methodologies.