by our College Data Analytics TeamMost students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Mid-State Technical College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can Mid-State offer, and what will you qualify for? Keep reading for more information. Scroll down to see what amount of financial assistance could 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 Mid-State Technical 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. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Mid-State Technical College, 73% of first-year full-time students received aid of some kind approximately 140 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $6,940 |
| Institutional grants & scholarships | 21% | $1,634 |
| Federal Pell grants | 36% | $7,790 |
| State/local grants | 33% | $1,439 |
| Federal student loans | 26% | $3,297 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Mid-State, approximately 30% of undergraduates were awarded grant or scholarship aid averaging $5,221 (for some 897 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 30% | $5,221 |
| Federal Pell grants | 24% | $4,318 |
| Federal student loans | 17% | $3,806 |
On-campus students receiving title-IV aid were awarded grants averaging $4,967.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,205 |
| $30,001 – $75,000 | $10,165 |
| Over $75,000 | $14,758 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,873 |
| Off-campus title-IV students | $10,724 |
To get a personalized net price estimate, try Mid-State’s online cost calculator: www.mstc.edu/paying-for-college/financial-aid/netcalc/npcalc.
The median federal debt load at Mid-State comes to $5,112 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,112 |
| Median federal debt (graduates only) | $8,000 |
| Typical 10-year monthly payment (graduates) | $84.81/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Mid-State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,750 |
| 75th percentile | $9,750 |
| 90th percentile (highest-debt students) | $17,250 |
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 | $5,250 |
| Middle income | $4,582 |
| High income | $4,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,177 |
| Continuing-generation students | $4,513 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,499 |
| Independent students | $5,500 |
A handful of calculated indicators summarize the debt outlook at Mid-State.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Mid-State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7945 |
| Total Stafford loan amount | $70,392,598 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 37 |
| Total GI Bill amount | $81,233 |
| Average GI Bill amount per recipient | $2,195 |
References
More about our data sources and methodologies.