by our College Data Analytics TeamMany students will never be charged 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 price tag of going to MotoRing Technical Training Institute can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does MTTI offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from MotoRing Technical Training Institute.
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.
Among first-time, full-time freshmen at MotoRing Technical Training Institute, 54% of first-year full-time students received aid of some kind around 89 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 34% | $5,552 |
| Institutional grants & scholarships | 5% | $1,062 |
| Federal Pell grants | 31% | $4,885 |
| State/local grants | 7% | $1,423 |
| Federal student loans | 49% | $6,475 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 34% of undergraduate students received gift aid averaging $5,307 (across roughly 79 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 34% | $5,307 |
| Federal Pell grants | 31% | $4,690 |
| Federal student loans | 47% | $6,957 |
For on-campus title-IV students, average grant aid came to $3,002.
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 | $17,523 |
| $30,001 – $75,000 | $19,958 |
| Over $75,000 | $22,594 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $30,141 |
| Off-campus title-IV students | $19,403 |
For a customized cost estimate, visit MTTI’s net price calculator: www.mtti.edu/financial-aid/net-price-calculator.
The middle student in the debt distribution at MTTI owes $9,350 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,350 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at MTTI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,261 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,399 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at MTTI.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at MTTI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3365 |
| Total Stafford loan amount | $23,106,790 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $99,820 |
| Average GI Bill amount per recipient | $19,964 |
References
More about our data sources and methodologies.