by our College Data Analytics TeamA lot of 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 price tag of going to Franklin Technology Center can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will Franklin Technology Center provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover 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 Franklin Technology Center.
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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Franklin Technology Center, 76% of the incoming full-time class was awarded financial aid around 22 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $5,859 |
| Institutional grants & scholarships | 14% | $1,116 |
| Federal Pell grants | 69% | $6,221 |
| State/local grants | 0% | — |
| Federal student loans | 52% | $7,693 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Franklin Technology Center, roughly 82% of the undergraduate population received grant aid that averaged $8,389 (across roughly 46 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $8,389 |
| Federal Pell grants | 77% | $6,229 |
| Federal student loans | 61% | $8,116 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,192.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,323 |
| $30,001 – $75,000 | $21,732 |
| Over $75,000 | $29,499 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $30,618 |
| Off-campus title-IV students | $30,029 |
For a customized cost estimate, visit Franklin Technology Center’s net price tool: ftcadulted.joplinschools.org/57508_2.
Graduating students at Franklin Technology Center carry a median federal student debt of $7,600 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,600 |
| Median federal debt (graduates only) | $7,600 |
| Typical 10-year monthly payment (graduates) | $80.57/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Franklin Technology Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,800 |
| 25th percentile | $4,800 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,489 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,400 |
| Independent students | $9,498 |
These indicators are derived from the underlying debt data and summarize the overall picture at Franklin Technology Center.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Franklin Technology Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1517 |
| Total Stafford loan amount | $11,065,737 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $24,735 |
| Average GI Bill amount per recipient | $12,368 |
References
More about our data sources and methodologies.