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 Gateway Community and Technical College can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can Gateway deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Gateway Community and Technical College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Gateway Community and Technical College, 94% of the incoming full-time class was awarded financial aid some 332 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $6,454 |
| Institutional grants & scholarships | 13% | $1,941 |
| Federal Pell grants | 57% | $5,681 |
| State/local grants | 86% | $2,708 |
| Federal student loans | 9% | $5,276 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, about 89% of undergraduates were awarded an average grant or scholarship of $3,689 (for some 4225 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $3,689 |
| Federal Pell grants | 30% | $4,555 |
| Federal student loans | 11% | $6,131 |
For on-campus title-IV students, average grant aid came to $8,350.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,776 |
| $30,001 – $75,000 | $6,074 |
| Over $75,000 | $10,704 |
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 | $5,725 |
| Off-campus title-IV students | $5,897 |
For a personalized estimate based on your family’s financial situation, use Gateway’s net price tool: gateway.kctcs.edu/affording-college/net-price-calculator/index.aspx.
The median federal debt load at Gateway comes to $8,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,000 |
| Median federal debt (graduates only) | $10,711 |
| Typical 10-year monthly payment (graduates) | $113.55/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Gateway.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,577 |
| 75th percentile | $16,912 |
| 90th percentile (highest-debt students) | $28,495 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,745 |
| Middle income | $7,491 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,214 |
| Continuing-generation students | $6,914 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $10,129 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Gateway.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Gateway:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11090 |
| Total Stafford loan amount | $166,126,281 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 57 |
| Total GI Bill amount | $205,199 |
| Average GI Bill amount per recipient | $3,600 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,750 |
| Average DoD amount per recipient | $1,750 |
References
More about our data sources and methodologies.