by our College Data Analytics TeamMost students will never be charged 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 total price of attendance at Modern Welding School can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Modern Welding School provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Modern Welding School.
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.
Looking at the entering class at Modern Welding School, 76% of first-year full-time students received aid of some kind (about 45 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $6,137 |
| Institutional grants & scholarships | 2% | $1,000 |
| Federal Pell grants | 42% | $6,771 |
| State/local grants | 20% | $5,246 |
| Federal student loans | 58% | $6,981 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Modern Welding School, roughly 59% of undergraduate students received gift aid averaging $6,228 (for some 51 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $6,228 |
| Federal Pell grants | 42% | $6,439 |
| Federal student loans | 57% | $6,753 |
On-campus students receiving title-IV aid were awarded grants averaging $3,913.
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 | $22,174 |
| $30,001 – $75,000 | $23,188 |
| Over $75,000 | $27,519 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $22,618 |
| Off-campus title-IV students | $24,257 |
To get a personalized net price estimate, try Modern Welding School’s net price calculator: modernwelding.com/public-information/net-price.
Graduating students at Modern Welding School carry a median federal student debt of $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Modern Welding School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,019 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,734 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Modern Welding School.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Modern Welding School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1057 |
| Total Stafford loan amount | $7,151,654 |
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 | 10 |
| Total GI Bill amount | $203,000 |
| Average GI Bill amount per recipient | $20,300 |
References
More about our data sources and methodologies.