by our College Data Analytics TeamMost students are not billed 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-Lewisburg can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will McCann School of Business & Technology deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to see what amount of financial assistance could be accessible 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-Lewisburg.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Miller-Motte College-Berks Technical Institute-Lewisburg, 89% of the incoming full-time class was awarded financial aid roughly 42 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $6,953 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 81% | $5,754 |
| State/local grants | 57% | $1,687 |
| Federal student loans | 81% | $6,923 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At McCann School of Business & Technology, about 72% of undergraduate students received gift aid averaging $6,780 (for some 141 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $6,780 |
| Federal Pell grants | 69% | $5,912 |
| Federal student loans | 74% | $7,637 |
For students living on campus and receiving title-IV aid, grants averaged $7,062.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,300 |
| $30,001 – $75,000 | $21,225 |
| Over $75,000 | $27,743 |
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 | $22,103 |
| Off-campus title-IV students | $21,666 |
For a customized cost estimate, visit McCann School of Business & Technology’s net price tool: www.berks.edu/NetPrice/Lewisburg/.
The median student at McCann School of Business & Technology graduates with $10,661 of federal borrowing.
| 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 |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution 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 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,657 |
| Middle income | $11,457 |
| High income | $9,111 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,587 |
| Continuing-generation students | $12,139 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $11,943 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. McCann School of Business & Technology.
The Stafford loan program is the largest source of federal direct loans to undergraduates. 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 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $29,206 |
| Average GI Bill amount per recipient | $7,302 |
References
More about our data sources and methodologies.