by our College Data Analytics TeamMany 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 price tag of going to Moore Norman Technology Center can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will MNTC offer, and what will you qualify for? Read on for more information. Keep reading to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Moore Norman Technology Center.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Moore Norman Technology Center, 63% of new full-time first-years were awarded at least some aid (about 65 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,511 |
| Institutional grants & scholarships | 63% | $2,091 |
| Federal Pell grants | 26% | $7,712 |
| State/local grants | 20% | $320 |
| Federal student loans | 0% | — |
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 MNTC, some 21% of the undergraduate population received grant aid that averaged $4,336 (among about 270 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 21% | $4,336 |
| Federal Pell grants | 8% | $6,736 |
| Federal student loans | 0% | — |
A handful of calculated indicators summarize the debt outlook at MNTC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at MNTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 223 |
| Total Stafford loan amount | $1,125,884 |
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 | 3 |
| Total GI Bill amount | $4,772 |
| Average GI Bill amount per recipient | $1,591 |
References
More about our data sources and methodologies.