by our College Data Analytics TeamThe majority of students will not be asked to pay 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 sum total of attendance at Morris County Vocational School District can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Morris County School of Technology offer you, and what will you qualify for? Read on for more information. Keep reading to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Morris County Vocational School District.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Morris County Vocational School District, 60% of first-year full-time students received aid of some kind roughly 9 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $7,085 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 33% | $7,085 |
| State/local grants | 0% | — |
| Federal student loans | 53% | $8,328 |
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 Morris County School of Technology, about 35% of undergrads got grants or scholarships worth on average $6,267 (among about 19 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $6,267 |
| Federal Pell grants | 35% | $6,267 |
| Federal student loans | 46% | $7,505 |
For on-campus title-IV students, average grant aid came to $5,061.
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 | $16,128 |
| $30,001 – $75,000 | $18,858 |
| Over $75,000 | $20,820 |
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 | $18,332 |
| Off-campus title-IV students | $17,744 |
For an estimate tailored to your family circumstances, see Morris County School of Technology’s NPC: mcvts.augusoft.net/index.cfm?method=templates.CustomTemplatePreview&ContentID=156.
The middle student in the debt distribution at Morris County School of Technology owes $5,990 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,990 |
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Morris County School of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,500 |
| 75th percentile | $9,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
The figure below distills the debt data into a single burden category for Morris County School of Technology.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Morris County School of Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 264 |
| Total Stafford loan amount | $1,742,671 |
References
More about our data sources and methodologies.