by our College Data Analytics TeamA lot of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at McDowell Technical Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does McDowell Technical Community College offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from McDowell Technical Community College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. 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 McDowell Technical Community College, 59% of the incoming full-time class was awarded financial aid approximately 24 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $9,220 |
| Institutional grants & scholarships | 5% | $324 |
| Federal Pell grants | 49% | $10,075 |
| State/local grants | 39% | $1,142 |
| Federal student loans | 0% | — |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, around 48% of the undergraduate population received grant aid that averaged $7,772 (for some 614 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $7,772 |
| Federal Pell grants | 27% | $8,708 |
| Federal student loans | 0% | — |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $10,999.
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 | $6,238 |
| $30,001 – $75,000 | $6,779 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,784 |
| Off-campus title-IV students | $6,838 |
To project your own net price, use McDowell Technical Community College’s official net price calculator: www.mcdowelltech.edu/net-price-calculator-2022/.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at McDowell Technical Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,500 |
| 75th percentile | $8,349 |
The figure below distills the debt data into a single burden category for McDowell Technical Community College.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at McDowell Technical Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 345 |
| Total Stafford loan amount | $2,868,992 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 21 |
| Total GI Bill amount | $92,835 |
| Average GI Bill amount per recipient | $4,421 |
References
More about our data sources and methodologies.