by our College Data Analytics TeamA lot of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Morrison Institute of Technology can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financing options does Morrison Institute of Technology offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Morrison Institute of Technology.
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 Morrison Institute of Technology, 100% of the incoming full-time class was awarded financial aid around 19 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $8,939 |
| Institutional grants & scholarships | 84% | $2,163 |
| Federal Pell grants | 58% | $5,295 |
| State/local grants | 47% | $7,933 |
| Federal student loans | 74% | $5,304 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Morrison Institute of Technology, around 85% of the undergraduate population received grant aid that averaged $8,839 (among about 46 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $8,839 |
| Federal Pell grants | 50% | $5,407 |
| Federal student loans | 80% | $5,913 |
On-campus students receiving title-IV aid were awarded grants averaging $9,797.
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 | $19,313 |
| $30,001 – $75,000 | $20,096 |
| Over $75,000 | $28,652 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,639 |
| Off-campus title-IV students | $23,216 |
For a customized cost estimate, visit Morrison Institute of Technology’s NPC: www.morrisontech.edu/net-price-calculator/.
The median federal debt load at Morrison Institute of Technology comes to $12,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Morrison Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $9,500 |
| 75th percentile | $12,000 |
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 | $8,984 |
| Middle income | $12,000 |
| High income | $12,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Morrison Institute of Technology.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Morrison Institute of Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 617 |
| Total Stafford loan amount | $5,926,527 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $58,300 |
| Average GI Bill amount per recipient | $19,433 |
References
More about our data sources and methodologies.