by our College Data Analytics TeamA large number of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Northwest Technical College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can NTC offer you, and what will you qualify for? Keep reading for more information. Keep reading to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Northwest Technical College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Northwest Technical College, 89% of the incoming full-time class was awarded financial aid some 82 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,786 |
| Institutional grants & scholarships | 13% | $1,292 |
| Federal Pell grants | 47% | $5,152 |
| State/local grants | 61% | $3,335 |
| Federal student loans | 42% | $5,054 |
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 NTC, around 56% of undergraduates were awarded an average grant or scholarship of $5,326 (covering around 506 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $5,326 |
| Federal Pell grants | 32% | $4,330 |
| Federal student loans | 33% | $6,415 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,909.
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 | $9,049 |
| $30,001 – $75,000 | $11,048 |
| Over $75,000 | $16,571 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $10,996 |
| Off-campus title-IV students | $12,941 |
For a personalized estimate based on your family’s financial situation, use NTC’s net price tool: www.minnstate.edu/admissions/calculator/northwest.html.
The middle student in the debt distribution at NTC owes $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $15,000 |
| Typical 10-year monthly payment (graduates) | $159.02/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at NTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,604 |
| 75th percentile | $13,750 |
| 90th percentile (highest-debt students) | $21,183 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,081 |
| Middle income | $9,500 |
| High income | $7,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $10,251 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,750 |
| Independent students | $12,396 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. NTC.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at NTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4221 |
| Total Stafford loan amount | $47,995,239 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 13 |
| Total GI Bill amount | $45,615 |
| Average GI Bill amount per recipient | $3,509 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $7,770 |
| Average DoD amount per recipient | $2,590 |
References
More about our data sources and methodologies.