by our College Data Analytics TeamA lot of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Collins Career Technical Center can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will CollinsCTC offer, and what will you qualify for? Read on for more information. Keep going to learn what amount of financial assistance will be accessible 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 Collins Career Technical Center.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Collins Career Technical Center, 88% of entering full-time freshmen got some type of financial assistance some 67 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $6,350 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 80% | $6,350 |
| State/local grants | 0% | — |
| Federal student loans | 47% | $7,547 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at CollinsCTC, around 71% of undergrads got grants or scholarships worth on average $5,216 (across roughly 451 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $5,216 |
| Federal Pell grants | 71% | $5,216 |
| Federal student loans | 66% | $6,689 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $6,346.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,886 |
| $30,001 – $75,000 | $8,620 |
| Over $75,000 | $10,092 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,468 |
| Off-campus title-IV students | $7,995 |
To project your own net price, use CollinsCTC’s online cost calculator: adult.collins-cc.edu/future-students/financial-aid.
Graduating students at CollinsCTC carry a median federal student debt of $9,711 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,711 |
| Median federal debt (graduates only) | $13,887 |
| Typical 10-year monthly payment (graduates) | $147.23/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at CollinsCTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,485 |
| 25th percentile | $4,750 |
| 75th percentile | $14,166 |
| 90th percentile (highest-debt students) | $17,853 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $11,223 |
| Middle income | $9,631 |
| High income | $8,216 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,625 |
| Continuing-generation students | $10,926 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,703 |
| Independent students | $13,331 |
A handful of calculated indicators summarize the debt outlook at CollinsCTC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at CollinsCTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3369 |
| Total Stafford loan amount | $33,899,590 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $22,670 |
| Average GI Bill amount per recipient | $7,557 |
References
More about our data sources and methodologies.