by our College Data Analytics TeamThe majority of students will not be asked to pay 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 sum total of attendance at Central Ohio Technical College can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financing solutions does COTC provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see how much school funding could be available 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 Ohio 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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Central Ohio Technical College, 88% of entering full-time freshmen got some type of financial assistance around 126 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $5,630 |
| Institutional grants & scholarships | 42% | $2,824 |
| Federal Pell grants | 65% | $5,374 |
| State/local grants | 1% | $4,262 |
| Federal student loans | 21% | $4,679 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At COTC, roughly 38% of undergraduates were awarded grant or scholarship aid averaging $4,645 (among about 1095 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $4,645 |
| Federal Pell grants | 27% | $4,154 |
| Federal student loans | 16% | $5,264 |
Title-IV recipients living on campus saw average grant aid of $4,816.
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 | $8,653 |
| $30,001 – $75,000 | $9,646 |
| Over $75,000 | $13,796 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,948 |
| Off-campus title-IV students | $10,075 |
For an estimate tailored to your family circumstances, see COTC’s online cost calculator: coursecast.cotc.edu/WebsiteMediaFiles/NetPriceCalculator/npcalc.htm.
Graduating students at COTC carry a median federal student debt of $6,644 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,644 |
| Median federal debt (graduates only) | $12,072 |
| Typical 10-year monthly payment (graduates) | $127.98/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at COTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,731 |
| 25th percentile | $2,970 |
| 75th percentile | $15,275 |
| 90th percentile (highest-debt students) | $23,806 |
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 | $7,602 |
| Middle income | $5,801 |
| High income | $6,341 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,084 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,928 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. COTC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at COTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15676 |
| Total Stafford loan amount | $216,673,151 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 31 |
| Total GI Bill amount | $92,809 |
| Average GI Bill amount per recipient | $2,994 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $7,565 |
| Average DoD amount per recipient | $2,522 |
References
More about our data sources and methodologies.