by our College Data Analytics TeamMost students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Manhattan Area Technical College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does MATC offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Manhattan Area Technical College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Manhattan Area Technical College, 84% of first-year full-time students received aid of some kind some 53 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $9,662 |
| Institutional grants & scholarships | 3% | $500 |
| Federal Pell grants | 41% | $5,122 |
| State/local grants | 27% | $10,763 |
| Federal student loans | 37% | $5,016 |
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 MATC, some 21% of undergraduate students received gift aid averaging $8,287 (covering around 205 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 21% | $8,287 |
| Federal Pell grants | 11% | $5,339 |
| Federal student loans | 12% | $6,072 |
For on-campus title-IV students, average grant aid came to $9,333.
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 | $9,237 |
| $30,001 – $75,000 | $11,844 |
| Over $75,000 | $16,306 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $10,074 |
| Off-campus title-IV students | $11,752 |
For an estimate tailored to your family circumstances, see MATC’s net price calculator: manhattantech.edu/net-price-calculator.
A typical borrower at MATC leaves with $7,601 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,601 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at MATC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $13,184 |
| 90th percentile (highest-debt students) | $20,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,100 |
| Middle income | $6,939 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,707 |
| Continuing-generation students | $6,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at MATC.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at MATC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2738 |
| Total Stafford loan amount | $26,483,347 |
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 | 33 |
| Total GI Bill amount | $274,341 |
| Average GI Bill amount per recipient | $8,313 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $4,304 |
| Average DoD amount per recipient | $1,435 |
References
More about our data sources and methodologies.