by our College Data Analytics TeamMany students are not billed 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 NASCAR Technical Institute can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financing options does NASCAR Technical Institute offer, and what will you qualify for? Keep scrolling for more information. Read on to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from NASCAR Technical Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
At NASCAR Technical Institute, 94% of first-year full-time students received aid of some kind around 689 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $5,598 |
| Institutional grants & scholarships | 36% | $2,259 |
| Federal Pell grants | 63% | $5,406 |
| State/local grants | 0% | — |
| Federal student loans | 79% | $6,290 |
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 NASCAR Technical Institute, some 74% of undergrads got grants or scholarships worth on average $4,602 (for some 1300 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $4,602 |
| Federal Pell grants | 49% | $4,792 |
| Federal student loans | 63% | $5,998 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,570.
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 | $22,604 |
| $30,001 – $75,000 | $23,394 |
| Over $75,000 | $28,630 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $28,915 |
| Off-campus title-IV students | $26,428 |
For a customized cost estimate, visit NASCAR Technical Institute’s net price tool: www.uti.edu/admissions/tuition.
The median federal debt load at NASCAR Technical Institute comes to $11,183 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,183 |
| Median federal debt (graduates only) | $13,124 |
| Typical 10-year monthly payment (graduates) | $139.14/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at NASCAR Technical Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,450 |
| 25th percentile | $8,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $24,578 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,827 |
| Middle income | $11,688 |
| High income | $11,495 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,168 |
| Continuing-generation students | $11,998 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,254 |
| Independent students | $10,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. NASCAR Technical Institute.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at NASCAR Technical Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 71179 |
| Total Stafford loan amount | $972,115,222 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 223 |
| Total GI Bill amount | $3,449,248 |
| Average GI Bill amount per recipient | $15,467 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.