by our College Data Analytics TeamA lot 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 Spa Tech Institute-Westbrook can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financing options does Spa Tech Institute-Westbrook offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Spa Tech Institute-Westbrook.
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.
Looking at the entering class at Spa Tech Institute-Westbrook, 92% of first-year full-time students received aid of some kind some 69 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $5,385 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 53% | $4,187 |
| State/local grants | 65% | $1,966 |
| Federal student loans | 79% | $5,577 |
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-Westbrook, around 44% of undergraduates were awarded an average grant or scholarship of $4,869 (covering around 167 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $4,869 |
| Federal Pell grants | 38% | $3,619 |
| Federal student loans | 44% | $5,654 |
On-campus students receiving title-IV aid were awarded grants averaging $3,662.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,659 |
| $30,001 – $75,000 | $17,754 |
| Over $75,000 | $21,265 |
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 | $29,953 |
| Off-campus title-IV students | $18,283 |
For a customized cost estimate, visit Spa Tech Institute-Westbrook’s NPC: www.spatech.edu/consumer-information.
A typical borrower at Spa Tech Institute-Westbrook leaves 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 |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Spa Tech Institute-Westbrook.
| 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 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| 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 |
These indicators are derived from the underlying debt data and summarize the overall picture at Spa Tech Institute-Westbrook.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Spa Tech Institute-Westbrook:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4169 |
| Total Stafford loan amount | $25,068,845 |
References
More about our data sources and methodologies.