by our College Data Analytics TeamMany students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at New Community Career & Technical Institute can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can NCCTI deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at New Community Career & 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.
Among first-time, full-time freshmen at New Community Career & Technical Institute, 100% of entering full-time freshmen got some type of financial assistance around 83 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $4,321 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 96% | $4,321 |
| State/local grants | 0% | — |
| Federal student loans | 42% | $2,043 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, roughly 65% of undergraduates were awarded grant or scholarship aid averaging $4,164 (across approximately 83 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $4,164 |
| Federal Pell grants | 63% | $4,321 |
| Federal student loans | 27% | $2,043 |
Title-IV recipients living on campus saw average grant aid of $4,626.
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 | $5,716 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $9,075 |
| Off-campus title-IV students | $5,716 |
To get a personalized net price estimate, try NCCTI’s net price tool: www.newcommunitytech.edu/net-price-calculator.
Graduating students at NCCTI carry a median federal student debt of $1,932 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $1,932 |
| Median federal debt (graduates only) | $2,808 |
| Typical 10-year monthly payment (graduates) | $29.77/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $1,932 |
| Independent students | $1,932 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. NCCTI.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at NCCTI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 384 |
| Total Stafford loan amount | $986,496 |
References
More about our data sources and methodologies.