by our College Data Analytics TeamA large number of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Cape Girardeau Career and Technology Center can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can Cape Girardeau CTC offer, and what will you qualify for? Keep reading for more information. Read on to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Cape Girardeau Career and Technology Center.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Cape Girardeau Career and Technology Center, 50% of new full-time first-years were awarded at least some aid (about 9 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $6,440 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 39% | $6,837 |
| State/local grants | 22% | $2,524 |
| Federal student loans | 11% | $9,032 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Cape Girardeau CTC, approximately 46% of the undergraduate population received grant aid that averaged $5,491 (among about 98 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $5,491 |
| Federal Pell grants | 41% | $5,362 |
| Federal student loans | 24% | $6,560 |
For on-campus title-IV students, average grant aid came to $6,440.
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 | $18,211 |
| $30,001 – $75,000 | $21,631 |
| Over $75,000 | $21,290 |
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 | $17,598 |
| Off-campus title-IV students | $20,019 |
For a customized cost estimate, visit Cape Girardeau CTC’s net price tool: www.capectc.org/o/ctc/page/adult-education.
The median federal debt load at Cape Girardeau CTC comes to $6,944 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,944 |
| Median federal debt (graduates only) | $8,750 |
| Typical 10-year monthly payment (graduates) | $92.76/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Cape Girardeau CTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,340 |
| 25th percentile | $4,750 |
| 75th percentile | $13,737 |
| 90th percentile (highest-debt students) | $14,750 |
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 | $7,097 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Cape Girardeau CTC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Cape Girardeau CTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1124 |
| Total Stafford loan amount | $9,929,939 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $12,356 |
| Average GI Bill amount per recipient | $6,178 |
References
More about our data sources and methodologies.