by our College Data Analytics TeamA large number of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Miller-Motte College-Berks Technical Institute can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does Berks Technical Institute offer, and what will you qualify for? Keep scrolling for more information. Read on to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Miller-Motte College-Berks Technical Institute.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Miller-Motte College-Berks Technical Institute, 75% of first-time, full-time freshmen received some form of financial aid some 229 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $6,905 |
| Institutional grants & scholarships | 2% | $4,427 |
| Federal Pell grants | 61% | $5,434 |
| State/local grants | 36% | $2,951 |
| Federal student loans | 58% | $6,194 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Berks Technical Institute, some 71% of undergraduates were awarded grant or scholarship aid averaging $7,080 (across approximately 550 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $7,080 |
| Federal Pell grants | 62% | $5,704 |
| Federal student loans | 64% | $6,998 |
For on-campus title-IV students, average grant aid came to $7,275.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,518 |
| Off-campus title-IV students | $19,363 |
To get a personalized net price estimate, try Berks Technical Institute’s net price tool: www.berks.edu/NetPrice/BTI/.
Graduating students at Berks Technical Institute carry a median federal student debt of $10,661 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,661 |
| Median federal debt (graduates only) | $15,917 |
| Typical 10-year monthly payment (graduates) | $168.75/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Berks Technical Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,530 |
| 25th percentile | $6,333 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,657 |
| Middle income | $11,457 |
| High income | $9,111 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,587 |
| Continuing-generation students | $12,139 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $11,943 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Berks Technical Institute.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Berks Technical Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 126669 |
| Total Stafford loan amount | $1,878,020,953 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 29 |
| Total GI Bill amount | $266,525 |
| Average GI Bill amount per recipient | $9,191 |
References
More about our data sources and methodologies.