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 Metro Technology Centers can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Metro Technology Centers offer you, and what will you qualify for? Read on for more information. Read on to find out what amount of financial assistance will be accessible 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 Metro Technology Centers.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Metro Technology Centers, 53% of first-year full-time students received aid of some kind roughly 161 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $7,298 |
| Institutional grants & scholarships | 10% | $3,302 |
| Federal Pell grants | 39% | $7,240 |
| State/local grants | 11% | $1,387 |
| Federal student loans | 14% | $7,552 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Metro Technology Centers, around 17% of undergrads got grants or scholarships worth on average $6,486 (among about 259 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 17% | $6,486 |
| Federal Pell grants | 14% | $6,409 |
| Federal student loans | 4% | $7,764 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,917.
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 | $6,252 |
| $30,001 – $75,000 | $7,985 |
| Over $75,000 | $12,420 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $4,561 |
| Off-campus title-IV students | $7,184 |
To get a personalized net price estimate, try Metro Technology Centers’s online cost calculator: www.metrotech.edu/admission-cost/financial-aid.
The median federal debt load at Metro Technology Centers comes to $9,140 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,140 |
| 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.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Metro Technology Centers.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $18,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Metro Technology Centers.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Metro Technology Centers:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2408 |
| Total Stafford loan amount | $21,379,977 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $62,334 |
| Average GI Bill amount per recipient | $4,452 |
References
More about our data sources and methodologies.