by our College Data Analytics TeamMost students will never be charged 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 Monmouth County Vocational School District can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financing solutions does MCVSD provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Monmouth County Vocational School District.
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. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Monmouth County Vocational School District, 100% of new full-time first-years were awarded at least some aid some 67 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,635 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $5,733 |
| State/local grants | 52% | $2,596 |
| Federal student loans | 22% | $5,787 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At MCVSD, some 100% of undergraduate students received gift aid averaging $5,635 (covering around 67 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,635 |
| Federal Pell grants | 75% | $5,733 |
| Federal student loans | 22% | $5,787 |
For on-campus title-IV students, average grant aid came to $5,578.
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 | $24,170 |
| $30,001 – $75,000 | $26,365 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $23,555 |
| Off-campus title-IV students | $24,962 |
For a personalized estimate based on your family’s financial situation, use MCVSD’s net price calculator: www.mcvsd.org/programs/adult-education/net-price-calculator/.
The median federal debt load at MCVSD comes to $5,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at MCVSD.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,500 |
| 75th percentile | $5,500 |
The figure below distills the debt data into a single burden category for MCVSD.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at MCVSD:
| Metric | Value |
|---|---|
| Stafford loan recipients | 335 |
| Total Stafford loan amount | $1,662,869 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $11,400 |
| Average GI Bill amount per recipient | $11,400 |
References
More about our data sources and methodologies.