by our College Data Analytics TeamA large number of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to More Tech Institute can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can More Tech Institute deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to find out how much school funding will be available 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 More Tech Institute.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at More Tech Institute, 100% of first-time, full-time freshmen received some form of financial aid (about 117 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $3,236 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $3,236 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $3,965 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At More Tech Institute, approximately 80% of undergraduates were awarded an average grant or scholarship of $3,236 (for some 117 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $3,236 |
| Federal Pell grants | 80% | $3,236 |
| Federal student loans | 80% | $3,965 |
For students living on campus and receiving title-IV aid, grants averaged $2,050.
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 | $36,264 |
| $30,001 – $75,000 | $34,880 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $35,398 |
| Off-campus title-IV students | $35,259 |
For a personalized estimate based on your family’s financial situation, use More Tech Institute’s online cost calculator: nces.ed.gov/ipeds/netpricecalculator/#/.
A typical borrower at More Tech Institute leaves with $6,186 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,186 |
The figure below distills the debt data into a single burden category for More Tech Institute.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at More Tech Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 155 |
| Total Stafford loan amount | $943,588 |
References
More about our data sources and methodologies.