by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Central Carolina Technical College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Central Carolina offer, and what will you qualify for? Read on for more information. Read on to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Central Carolina Technical College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Central Carolina Technical College, 95% of new full-time first-years were awarded at least some aid some 344 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $7,757 |
| Institutional grants & scholarships | 14% | $1,617 |
| Federal Pell grants | 67% | $5,813 |
| State/local grants | 72% | $4,216 |
| Federal student loans | 4% | $4,384 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Central Carolina, some 89% of undergraduate students received gift aid averaging $4,382 (across approximately 2616 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $4,382 |
| Federal Pell grants | 44% | $4,356 |
| Federal student loans | 8% | $6,120 |
For on-campus title-IV students, average grant aid came to $8,203.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,216 |
| $30,001 – $75,000 | $4,455 |
| Over $75,000 | $5,300 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $5,571 |
| Off-campus title-IV students | $5,027 |
For an estimate tailored to your family circumstances, see Central Carolina’s online cost calculator: www.cctech.edu/NetPriceCalculator/npcalc.htm.
A typical borrower at Central Carolina leaves with $6,821 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,821 |
| Median federal debt (graduates only) | $9,977 |
| Typical 10-year monthly payment (graduates) | $105.77/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Central Carolina.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,312 |
| 25th percentile | $2,500 |
| 75th percentile | $12,078 |
| 90th percentile (highest-debt students) | $21,152 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,735 |
| Middle income | $5,542 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,994 |
| Continuing-generation students | $5,538 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,142 |
| Independent students | $9,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Central Carolina.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Central Carolina:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8815 |
| Total Stafford loan amount | $86,083,254 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 84 |
| Total GI Bill amount | $250,522 |
| Average GI Bill amount per recipient | $2,982 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 18 |
| Total DoD amount | $20,496 |
| Average DoD amount per recipient | $1,139 |
References
More about our data sources and methodologies.