by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Durham Technical Community College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does Durham Technical Community College deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Durham Technical Community 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. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Durham Technical Community College, 71% of new full-time first-years were awarded at least some aid approximately 99 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $6,625 |
| Institutional grants & scholarships | 6% | $951 |
| Federal Pell grants | 44% | $8,389 |
| State/local grants | 54% | $1,391 |
| Federal student loans | 6% | $5,388 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, some 39% of undergraduate students received gift aid averaging $7,317 (covering around 1712 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $7,317 |
| Federal Pell grants | 31% | $7,944 |
| Federal student loans | 7% | $7,054 |
On-campus students receiving title-IV aid were awarded grants averaging $8,766.
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 | $527 |
| $30,001 – $75,000 | $1,410 |
| Over $75,000 | $4,126 |
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 | $1,664 |
| Off-campus title-IV students | $1,183 |
For a personalized estimate based on your family’s financial situation, use Durham Technical Community College’s net price tool: www.durhamtech.edu/sites/default/files/npcalc/index.html.
A typical borrower at Durham Technical Community College leaves with $8,719 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,719 |
| Median federal debt (graduates only) | $14,750 |
| Typical 10-year monthly payment (graduates) | $156.37/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Durham Technical Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,332 |
| 25th percentile | $4,057 |
| 75th percentile | $15,475 |
| 90th percentile (highest-debt students) | $25,814 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,970 |
| High income | $4,983 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,119 |
| Continuing-generation students | $7,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,075 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Durham Technical Community College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Durham Technical Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5266 |
| Total Stafford loan amount | $63,202,137 |
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 | 82 |
| Total GI Bill amount | $127,628 |
| Average GI Bill amount per recipient | $1,556 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $1,891 |
| Average DoD amount per recipient | $946 |
References
More about our data sources and methodologies.