by our College Data Analytics TeamThe majority of students are not billed 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 Albany Technical College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Albany Technical College offer, and what will you qualify for? Keep reading for more information. Read on to see just how much financial aid could be open 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 Albany Technical College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Albany Technical College, 97% of new full-time first-years were awarded at least some aid approximately 208 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $8,432 |
| Institutional grants & scholarships | 11% | $2,893 |
| Federal Pell grants | 77% | $8,007 |
| State/local grants | 45% | $3,178 |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Albany Technical College, some 94% of undergraduates were awarded an average grant or scholarship of $5,762 (among about 2592 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $5,762 |
| Federal Pell grants | 58% | $6,992 |
| Federal student loans | 0% | — |
For students living on campus and receiving title-IV aid, grants averaged $9,577.
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 | $4,033 |
| $30,001 – $75,000 | $5,131 |
| Over $75,000 | $7,356 |
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 | $4,524 |
| Off-campus title-IV students | $4,293 |
For a customized cost estimate, visit Albany Technical College’s official net price calculator: www.albanytech.edu/uploads/files/29/1b/291bacf5baf6f6cc54480038eb27c9c2.html.
Graduating students at Albany Technical College carry a median federal student debt of $5,681 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,681 |
| Median federal debt (graduates only) | $12,412 |
| Typical 10-year monthly payment (graduates) | $131.59/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Albany Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,167 |
| 25th percentile | $2,334 |
| 75th percentile | $12,606 |
| 90th percentile (highest-debt students) | $22,710 |
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 | $5,834 |
| Middle income | $4,786 |
| High income | $5,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,750 |
| Continuing-generation students | $4,959 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,759 |
| Independent students | $6,138 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Albany Technical College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Albany Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13421 |
| Total Stafford loan amount | $140,977,574 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 64 |
| Total GI Bill amount | $114,901 |
| Average GI Bill amount per recipient | $1,795 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.