by our College Data Analytics TeamMost 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 Madison Area Technical College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Madison College offer you, and what will you qualify for? Read on for more information. Scroll down to see 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. The information provided on this page can help you determine how much aid you may receive from Madison Area Technical College.
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.
At Madison Area Technical College, 43% of first-time, full-time freshmen received some form of financial aid roughly 372 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 36% | $5,872 |
| Institutional grants & scholarships | 10% | $1,286 |
| Federal Pell grants | 30% | $5,365 |
| State/local grants | 22% | $1,490 |
| Federal student loans | 16% | $5,373 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Madison College, some 27% of undergraduates were awarded grant or scholarship aid averaging $5,156 (across approximately 3523 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 27% | $5,156 |
| Federal Pell grants | 20% | $4,207 |
| Federal student loans | 16% | $6,380 |
On-campus students receiving title-IV aid were awarded grants averaging $5,196.
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 | $10,560 |
| $30,001 – $75,000 | $12,192 |
| Over $75,000 | $16,772 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $14,238 |
| Off-campus title-IV students | $12,392 |
To get a personalized net price estimate, try Madison College’s NPC: madisoncollege.edu/net-price-calculator.
Graduating students at Madison College carry a median federal student debt of $8,728 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,728 |
| Median federal debt (graduates only) | $14,060 |
| Typical 10-year monthly payment (graduates) | $149.06/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Madison College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,500 |
| 75th percentile | $15,915 |
| 90th percentile (highest-debt students) | $27,457 |
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 | $9,750 |
| Middle income | $8,000 |
| High income | $6,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $7,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,000 |
| Independent students | $11,590 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Madison College.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Madison College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 33201 |
| Total Stafford loan amount | $448,033,301 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 169 |
| Total GI Bill amount | $1,053,148 |
| Average GI Bill amount per recipient | $6,232 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.