by our College Data Analytics TeamMany 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 sum total of attendance at Bellingham Technical College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Bellingham Vocational Technical Institute offer, and what will you qualify for? Read on for more information. Keep going to find out just how much financial aid will be open 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 Bellingham Technical College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
At Bellingham Technical College, 63% of the incoming full-time class was awarded financial aid some 162 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $8,030 |
| Institutional grants & scholarships | 32% | $2,457 |
| Federal Pell grants | 30% | $4,728 |
| State/local grants | 38% | $5,175 |
| Federal student loans | 7% | $6,131 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Bellingham Vocational Technical Institute, approximately 52% of undergraduates were awarded grant or scholarship aid averaging $8,965 (for some 955 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $8,965 |
| Federal Pell grants | 31% | $4,664 |
| Federal student loans | 8% | $6,397 |
On-campus students receiving title-IV aid were awarded grants averaging $10,107.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,535 |
| $30,001 – $75,000 | $7,113 |
| Over $75,000 | $12,348 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $5,997 |
| Off-campus title-IV students | $4,971 |
For an estimate tailored to your family circumstances, see Bellingham Vocational Technical Institute’s net price calculator: www.btc.edu/NetPriceCalculator.
Graduating students at Bellingham Vocational Technical Institute carry a median federal student debt of $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $17,459 |
| Typical 10-year monthly payment (graduates) | $185.09/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Bellingham Vocational Technical Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,334 |
| 25th percentile | $4,750 |
| 75th percentile | $18,000 |
| 90th percentile (highest-debt students) | $24,167 |
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 | $11,817 |
| Middle income | $8,538 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,834 |
| Continuing-generation students | $7,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $11,736 |
A handful of calculated indicators summarize the debt outlook at Bellingham Vocational Technical Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Bellingham Vocational Technical Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4644 |
| Total Stafford loan amount | $63,753,774 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 66 |
| Total GI Bill amount | $269,103 |
| Average GI Bill amount per recipient | $4,077 |
References
More about our data sources and methodologies.