by our College Data Analytics TeamMost students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Erwin Technical College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can Erwin Technical College deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Erwin Technical College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Erwin Technical College, 88% of new full-time first-years were awarded at least some aid some 522 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $4,294 |
| Institutional grants & scholarships | 12% | $714 |
| Federal Pell grants | 47% | $4,438 |
| State/local grants | 49% | $1,590 |
| Federal student loans | 0% | — |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Erwin Technical College, approximately 29% of undergrads got grants or scholarships worth on average $4,714 (covering around 602 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 29% | $4,714 |
| Federal Pell grants | 16% | $4,446 |
| Federal student loans | 0% | — |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,935.
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 | $6,904 |
| $30,001 – $75,000 | $8,603 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $2,796 |
| Off-campus title-IV students | $3,682 |
For an estimate tailored to your family circumstances, see Erwin Technical College’s official net price calculator: [www.goaltc.com/Financial Aid/Documents/npcalc.htm](https://www.goaltc.com/Financial Aid/Documents/npcalc.htm).
These indicators are derived from the underlying debt data and summarize the overall picture at Erwin Technical College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Erwin Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1259 |
| Total Stafford loan amount | $6,156,197 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 41 |
| Total GI Bill amount | $76,846 |
| Average GI Bill amount per recipient | $1,874 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $15,510 |
| Average DoD amount per recipient | $3,102 |
References
More about our data sources and methodologies.