by our College Data Analytics TeamA large number of students are not billed 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 cost of going to Michigan Career and Technical Institute can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Michigan Career and Technical Institute deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Michigan Career and Technical Institute.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Michigan Career and Technical Institute, 100% of the incoming full-time class was awarded financial aid around 49 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $3,825 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 0% | — |
| State/local grants | 100% | $3,825 |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Michigan Career and Technical Institute, approximately 100% of undergraduates were awarded an average grant or scholarship of $3,825 (covering around 129 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $3,825 |
| Federal Pell grants | 0% | — |
| Federal student loans | 0% | — |
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,236 |
| $30,001 – $75,000 | $12,132 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The figure below distills the debt data into a single burden category for Michigan Career and Technical Institute.
References
More about our data sources and methodologies.