by our College Data Analytics TeamA large number of students will not be asked to pay 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 price of attendance at Interactive College of Technology can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financing options does Interactive College of Technology offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover how much school funding could be available 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 Interactive College of Technology.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. 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 Interactive College of Technology, 92% of first-year full-time students received aid of some kind some 11 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $8,461 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $7,172 |
| State/local grants | 0% | — |
| Federal student loans | 92% | $7,406 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Interactive College of Technology, some 60% of the undergraduate population received grant aid that averaged $6,665 (for some 29 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,665 |
| Federal Pell grants | 60% | $5,851 |
| Federal student loans | 56% | $5,356 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,923.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,474 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $15,045 |
| Off-campus title-IV students | $14,474 |
For a personalized estimate based on your family’s financial situation, use Interactive College of Technology’s online cost calculator: www.ict.edu/admissions/price-calculator/npc-tx/.
Graduating students at Interactive College of Technology carry a median federal student debt of $5,300 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,300 |
| Median federal debt (graduates only) | $5,353 |
| Typical 10-year monthly payment (graduates) | $56.75/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Interactive College of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $564 |
| 25th percentile | $1,281 |
| 75th percentile | $4,988 |
| 90th percentile (highest-debt students) | $10,317 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,659 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,421 |
| Independent students | $5,298 |
The figure below distills the debt data into a single burden category for Interactive College of Technology.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Interactive College of Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 849 |
| Total Stafford loan amount | $4,926,589 |
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 | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.