by our College Data Analytics TeamMany students will not be asked to pay 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 total cost of going to MediaTech Institute-Houston can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will MediaTech Institute - Houston offer, and what will you qualify for? Read on for more information. Keep going to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from MediaTech Institute-Houston.
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.
Among first-time, full-time freshmen at MediaTech Institute-Houston, 97% of new full-time first-years were awarded at least some aid some 28 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $7,133 |
| Institutional grants & scholarships | 31% | $1,503 |
| Federal Pell grants | 83% | $6,569 |
| State/local grants | 0% | — |
| Federal student loans | 83% | $8,361 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 75% of undergraduates were awarded grant or scholarship aid averaging $6,782 (among about 98 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,782 |
| Federal Pell grants | 75% | $6,504 |
| Federal student loans | 74% | $8,678 |
For on-campus title-IV students, average grant aid came to $7,600.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,396 |
| $30,001 – $75,000 | $17,194 |
| Over $75,000 | $22,782 |
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 | $16,703 |
| Off-campus title-IV students | $16,906 |
To project your own net price, use MediaTech Institute - Houston’s net price calculator: mediatech.edu/Calculator/.
A typical borrower at MediaTech Institute - Houston leaves with $14,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,750 |
| Median federal debt (graduates only) | $20,000 |
| Typical 10-year monthly payment (graduates) | $212.03/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at MediaTech Institute - Houston.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,750 |
| 75th percentile | $14,750 |
| 90th percentile (highest-debt students) | $14,750 |
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 | $14,750 |
| Middle income | $18,262 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,750 |
| Continuing-generation students | $14,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $19,275 |
These indicators are derived from the underlying debt data and summarize the overall picture at MediaTech Institute - Houston.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at MediaTech Institute - Houston:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2515 |
| Total Stafford loan amount | $27,414,412 |
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 | 2 |
| Total GI Bill amount | $32,790 |
| Average GI Bill amount per recipient | $16,395 |
References
More about our data sources and methodologies.