by our College Data Analytics TeamMost students are not billed 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 Forsyth Technical Community College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financing solutions does Forsyth Tech provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to find out just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Forsyth Technical Community College.
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 Forsyth Technical Community College, 86% of first-time, full-time freshmen received some form of financial aid some 447 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $6,141 |
| Institutional grants & scholarships | 26% | $2,118 |
| Federal Pell grants | 62% | $6,638 |
| State/local grants | 47% | $995 |
| Federal student loans | 16% | $4,644 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Forsyth Tech, roughly 49% of undergrads got grants or scholarships worth on average $4,436 (for some 4313 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $4,436 |
| Federal Pell grants | 39% | $4,563 |
| Federal student loans | 17% | $4,919 |
On-campus students receiving title-IV aid were awarded grants averaging $6,901.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,207 |
| $30,001 – $75,000 | $5,392 |
| Over $75,000 | $11,153 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,200 |
| Off-campus title-IV students | $6,342 |
To project your own net price, use Forsyth Tech’s net price tool: www.forsythtech.edu/static/netpricecalculator/npcalc.htm.
A typical borrower at Forsyth Tech leaves with $5,888 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,888 |
| Median federal debt (graduates only) | $10,000 |
| Typical 10-year monthly payment (graduates) | $106.02/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at Forsyth Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,500 |
| 75th percentile | $14,427 |
| 90th percentile (highest-debt students) | $25,218 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,332 |
| Middle income | $5,500 |
| High income | $5,399 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,830 |
| Continuing-generation students | $6,332 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,065 |
| Independent students | $7,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Forsyth Tech.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Forsyth Tech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11390 |
| Total Stafford loan amount | $119,926,446 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 103 |
| Total GI Bill amount | $281,808 |
| Average GI Bill amount per recipient | $2,736 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $4,528 |
| Average DoD amount per recipient | $906 |
References
More about our data sources and methodologies.