by our College Data Analytics TeamA lot 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 price of attendance at Mitchell Technical College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can Mitchell Tech offer, and what will you qualify for? Keep reading for more information. Keep reading to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Mitchell Technical College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Mitchell Technical College, 85% of first-time, full-time freshmen received some form of financial aid some 353 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 50% | $4,287 |
| Institutional grants & scholarships | 21% | $989 |
| Federal Pell grants | 33% | $5,471 |
| State/local grants | 3% | $1,205 |
| Federal student loans | 46% | $5,101 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Mitchell Tech, around 63% of undergrads got grants or scholarships worth on average $7,396 (across approximately 710 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $7,396 |
| Federal Pell grants | 32% | $5,147 |
| Federal student loans | 42% | $5,391 |
For on-campus title-IV students, average grant aid came to $3,534.
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 | $10,277 |
| $30,001 – $75,000 | $12,654 |
| Over $75,000 | $15,889 |
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 | $13,460 |
| Off-campus title-IV students | $13,650 |
For a customized cost estimate, visit Mitchell Tech’s net price calculator: www.mitchelltech.edu/admissions/financial-aid/net-price-calculator/.
The middle student in the debt distribution at Mitchell Tech owes $8,403 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,403 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Mitchell Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $12,583 |
| 90th percentile (highest-debt students) | $20,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,311 |
| Middle income | $8,550 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,500 |
| Continuing-generation students | $8,093 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,383 |
| Independent students | $10,687 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Mitchell Tech.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Mitchell Tech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4903 |
| Total Stafford loan amount | $46,464,826 |
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 | 28 |
| Total GI Bill amount | $156,457 |
| Average GI Bill amount per recipient | $5,588 |
References
More about our data sources and methodologies.