by our College Data Analytics TeamThe majority of students are not billed 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 total cost of going to Kiamichi Technology Center-McAlester can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial aid options can KTC McAlester offer, and what will you qualify for? Keep reading for more information. Keep reading to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Kiamichi Technology Center-McAlester.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Kiamichi Technology Center-McAlester, 80% of the incoming full-time class was awarded financial aid roughly 86 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $5,145 |
| Institutional grants & scholarships | 40% | $1,608 |
| Federal Pell grants | 42% | $6,457 |
| State/local grants | 12% | $1,184 |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 18% of undergrads got grants or scholarships worth on average $4,489 (for some 425 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 18% | $4,489 |
| Federal Pell grants | 11% | $5,651 |
| Federal student loans | 0% | — |
For students living on campus and receiving title-IV aid, grants averaged $3,116.
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 | $6,927 |
| $30,001 – $75,000 | $7,138 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $6,569 |
| Off-campus title-IV students | $6,927 |
For an estimate tailored to your family circumstances, see KTC McAlester’s NPC: www.ktc.edu/467254_3.
The figure below distills the debt data into a single burden category for KTC McAlester.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at KTC McAlester:
| Metric | Value |
|---|---|
| Stafford loan recipients | 44 |
| Total Stafford loan amount | $234,196 |
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 | 3 |
| Total GI Bill amount | $27,940 |
| Average GI Bill amount per recipient | $9,313 |
References
More about our data sources and methodologies.