by our College Data Analytics TeamA lot 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 price tag of going to Arkansas Tech University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will ATU provide, and just what are you going to be eligible for? Read on for answers. Keep going to learn what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Arkansas Tech University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Arkansas Tech University, 94% of the incoming full-time class was awarded financial aid approximately 1295 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $9,901 |
| Institutional grants & scholarships | 70% | $6,833 |
| Federal Pell grants | 54% | $5,917 |
| State/local grants | 55% | $1,912 |
| Federal student loans | 38% | $6,575 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At ATU, some 66% of undergraduates were awarded an average grant or scholarship of $8,851 (across roughly 5770 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $8,851 |
| Federal Pell grants | 34% | $5,560 |
| Federal student loans | 26% | $6,997 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $9,838.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,206 |
| $30,001 – $75,000 | $11,879 |
| Over $75,000 | $15,036 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,970 |
| Off-campus title-IV students | $12,171 |
For an estimate tailored to your family circumstances, see ATU’s net price tool: www.atu.edu/finaid/npcalc.html.
A typical borrower at ATU leaves with $11,350 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,350 |
| Median federal debt (graduates only) | $21,000 |
| Typical 10-year monthly payment (graduates) | $222.63/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at ATU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $21,600 |
| 90th percentile (highest-debt students) | $33,870 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,750 |
| Middle income | $11,671 |
| High income | $10,477 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,500 |
| Continuing-generation students | $11,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,918 |
| Independent students | $16,510 |
The figure below distills the debt data into a single burden category for ATU.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at ATU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 29961 |
| Total Stafford loan amount | $572,084,608 |
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 | 93 |
| Total GI Bill amount | $459,739 |
| Average GI Bill amount per recipient | $4,943 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 12 |
| Total DoD amount | $34,259 |
| Average DoD amount per recipient | $2,855 |
References
More about our data sources and methodologies.