by our College Data Analytics TeamThe majority of 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 sum total of attendance at Miller-Motte College-Berks Technical Institute-Allentown can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will McCann School of Business & Technology offer you, and what will you qualify for? Read on for more information. Scroll down to find out how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Miller-Motte College-Berks Technical Institute-Allentown.
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.
Looking at the entering class at Miller-Motte College-Berks Technical Institute-Allentown, 65% of the incoming full-time class was awarded financial aid roughly 137 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $5,918 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 57% | $5,773 |
| State/local grants | 24% | $342 |
| Federal student loans | 55% | $5,762 |
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 McCann School of Business & Technology, approximately 70% of undergrads got grants or scholarships worth on average $5,754 (covering around 363 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $5,754 |
| Federal Pell grants | 64% | $5,565 |
| Federal student loans | 63% | $6,404 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,625.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,747 |
| Off-campus title-IV students | $21,339 |
For a customized cost estimate, visit McCann School of Business & Technology’s net price calculator: www.berks.edu/NetPrice/Allentown/.
Graduating students at McCann School of Business & Technology carry a median federal student debt of $10,661 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,661 |
| Median federal debt (graduates only) | $15,917 |
| Typical 10-year monthly payment (graduates) | $168.75/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at McCann School of Business & Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,530 |
| 25th percentile | $6,333 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,657 |
| Middle income | $11,457 |
| High income | $9,111 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,587 |
| Continuing-generation students | $12,139 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $11,943 |
The figure below distills the debt data into a single burden category for McCann School of Business & Technology.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at McCann School of Business & Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 126669 |
| Total Stafford loan amount | $1,878,020,953 |
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 | 9 |
| Total GI Bill amount | $110,132 |
| Average GI Bill amount per recipient | $12,237 |
References
More about our data sources and methodologies.