by our College Data Analytics TeamThe majority 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 sum total of attendance at Central Georgia Technical College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financing options does CGTC offer you, and what will you qualify for? Keep scrolling for more information. Read on to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Central Georgia Technical College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Central Georgia Technical College, 91% of new full-time first-years were awarded at least some aid (about 465 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $7,370 |
| Institutional grants & scholarships | 3% | $2,057 |
| Federal Pell grants | 71% | $6,305 |
| State/local grants | 51% | $2,768 |
| Federal student loans | 22% | $4,503 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At CGTC, around 85% of undergraduate students received gift aid averaging $3,003 (across roughly 9077 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $3,003 |
| Federal Pell grants | 30% | $5,073 |
| Federal student loans | 14% | $5,682 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,525.
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 | $4,247 |
| $30,001 – $75,000 | $5,292 |
| Over $75,000 | $10,303 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $7,052 |
| Off-campus title-IV students | $2,553 |
For a personalized estimate based on your family’s financial situation, use CGTC’s online cost calculator: www.centralgatech.edu/financialaid/net-price-calculator/.
A typical borrower at CGTC leaves with $5,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $9,608 |
| Typical 10-year monthly payment (graduates) | $101.86/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at CGTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,103 |
| 25th percentile | $1,948 |
| 75th percentile | $7,994 |
| 90th percentile (highest-debt students) | $14,362 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,050 |
| Middle income | $5,682 |
| High income | $5,703 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,498 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,581 |
| Independent students | $6,159 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. CGTC.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at CGTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14108 |
| Total Stafford loan amount | $117,284,298 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 236 |
| Total GI Bill amount | $553,640 |
| Average GI Bill amount per recipient | $2,346 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 15 |
| Total DoD amount | $8,050 |
| Average DoD amount per recipient | $537 |
References
More about our data sources and methodologies.