by our College Data Analytics TeamMost 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 total cost of going to Gateway Technical College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Gateway Technical College deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Gateway 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Gateway Technical College, 58% of first-time, full-time freshmen received some form of financial aid roughly 229 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $3,804 |
| Institutional grants & scholarships | 4% | $928 |
| Federal Pell grants | 43% | $3,177 |
| State/local grants | 38% | $909 |
| Federal student loans | 26% | $3,247 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Gateway Technical College, some 19% of undergraduate students received gift aid averaging $2,981 (covering around 1946 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 19% | $2,981 |
| Federal Pell grants | 17% | $2,267 |
| Federal student loans | 10% | $3,309 |
On-campus students receiving title-IV aid were awarded grants averaging $3,314.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,194 |
| $30,001 – $75,000 | $9,115 |
| Over $75,000 | $14,013 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $12,928 |
| Off-campus title-IV students | $8,667 |
To get a personalized net price estimate, try Gateway Technical College’s net price tool: www.gtc.edu/sites/default/files/NetPriceCalculator/index.html.
A typical borrower at Gateway Technical College leaves with $8,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,000 |
| Median federal debt (graduates only) | $12,165 |
| Typical 10-year monthly payment (graduates) | $128.97/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 figures below chart the debt distribution at Gateway Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,916 |
| 75th percentile | $11,500 |
| 90th percentile (highest-debt students) | $22,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,000 |
| Middle income | $7,000 |
| High income | $6,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,227 |
| Continuing-generation students | $6,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Gateway Technical College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Gateway Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18493 |
| Total Stafford loan amount | $211,343,530 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 101 |
| Total GI Bill amount | $293,391 |
| Average GI Bill amount per recipient | $2,905 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $2,193 |
| Average DoD amount per recipient | $1,097 |
References
More about our data sources and methodologies.