by our College Data Analytics TeamThe majority of students will never be charged 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 CET, Santa Maria can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will CET, Santa Maria offer you, and what will you qualify for? Read on for more information. Keep going to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from CET, Santa Maria.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at CET, Santa Maria, 83% of the incoming full-time class was awarded financial aid approximately 58 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $17,110 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 66% | $6,382 |
| State/local grants | 1% | $1,647 |
| Federal student loans | 13% | $7,126 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At CET, Santa Maria, roughly 66% of undergraduates were awarded an average grant or scholarship of $16,820 (across roughly 137 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $16,820 |
| Federal Pell grants | 59% | $6,497 |
| Federal student loans | 12% | $7,048 |
Title-IV recipients living on campus saw average grant aid of $17,257.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,249 |
| $30,001 – $75,000 | $2,179 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $5,446 |
| Off-campus title-IV students | $2,869 |
To project your own net price, use CET, Santa Maria’s NPC: cetweb.edu/tuition.
A typical borrower at CET, Santa Maria leaves with $6,729 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,729 |
| Median federal debt (graduates only) | $7,041 |
| Typical 10-year monthly payment (graduates) | $74.65/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at CET, Santa Maria.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,140 |
| 25th percentile | $4,767 |
| 75th percentile | $8,042 |
| 90th percentile (highest-debt students) | $9,500 |
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 | $6,777 |
| Middle income | $6,650 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,729 |
| Continuing-generation students | $6,246 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,582 |
The figure below distills the debt data into a single burden category for CET, Santa Maria.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at CET, Santa Maria:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18120 |
| Total Stafford loan amount | $106,917,736 |
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 | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.