by our College Data Analytics TeamA large number of students will not be asked to pay 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 total price of attendance at Alexandria Technical & Community College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will ATCC deliver, and just what are you going to be eligible for? Read on for answers. Read on to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Alexandria Technical & Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Alexandria Technical & Community College, 84% of the incoming full-time class was awarded financial aid roughly 356 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $5,351 |
| Institutional grants & scholarships | 43% | $1,961 |
| Federal Pell grants | 34% | $4,847 |
| State/local grants | 45% | $2,446 |
| Federal student loans | 39% | $5,333 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At ATCC, around 46% of undergraduate students received gift aid averaging $4,838 (across roughly 1392 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $4,838 |
| Federal Pell grants | 16% | $4,472 |
| Federal student loans | 18% | $6,487 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,007.
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 | $10,666 |
| $30,001 – $75,000 | $11,431 |
| Over $75,000 | $17,135 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $13,691 |
| Off-campus title-IV students | $14,150 |
To get a personalized net price estimate, try ATCC’s net price calculator: www.minnstate.edu/admissions/calculator/alexandria.html.
The median student at ATCC graduates with $8,251 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,251 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at ATCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,911 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $18,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $7,394 |
| High income | $8,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,000 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $11,500 |
A handful of calculated indicators summarize the debt outlook at ATCC.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at ATCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7108 |
| Total Stafford loan amount | $69,465,203 |
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 | 18 |
| Total GI Bill amount | $68,256 |
| Average GI Bill amount per recipient | $3,792 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.