by our College Data Analytics TeamA large number of students will never be charged 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 sum total of attendance at Interactive College of Technology-Newport can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does Interactive College of Technology - Newport provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to discover just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Interactive College of Technology-Newport.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Interactive College of Technology-Newport, 88% of the incoming full-time class was awarded financial aid some 15 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,656 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $6,015 |
| State/local grants | 0% | — |
| Federal student loans | 76% | $7,801 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Interactive College of Technology - Newport, around 48% of undergrads got grants or scholarships worth on average $5,659 (among about 35 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $5,659 |
| Federal Pell grants | 48% | $5,234 |
| Federal student loans | 41% | $6,726 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,325.
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 | $15,125 |
| $30,001 – $75,000 | $16,937 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $16,512 |
| Off-campus title-IV students | $15,239 |
For an estimate tailored to your family circumstances, see Interactive College of Technology - Newport’s net price calculator: www.ict.edu/admissions/price-calculator/npc-ky/.
The median student at Interactive College of Technology - Newport graduates with $8,661 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,661 |
| Median federal debt (graduates only) | $10,555 |
| Typical 10-year monthly payment (graduates) | $111.9/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 Interactive College of Technology - Newport.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,695 |
| 25th percentile | $3,361 |
| 75th percentile | $9,556 |
| 90th percentile (highest-debt students) | $12,039 |
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 | $8,532 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,672 |
| Continuing-generation students | $8,353 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,817 |
| Independent students | $9,015 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Interactive College of Technology - Newport.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Interactive College of Technology - Newport:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5426 |
| Total Stafford loan amount | $39,480,396 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $73,672 |
| Average GI Bill amount per recipient | $6,697 |
References
More about our data sources and methodologies.