by our College Data Analytics TeamThe majority of students will not be asked to pay 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 Oconee Fall Line Technical College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can OFTC deliver, and just what are you going to be eligible for? Keep reading for answers. 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 Oconee Fall Line Technical College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Oconee Fall Line Technical College, 98% of first-time, full-time freshmen received some form of financial aid (about 64 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $8,911 |
| Institutional grants & scholarships | 18% | $324 |
| Federal Pell grants | 68% | $9,503 |
| State/local grants | 65% | $3,410 |
| Federal student loans | 0% | — |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At OFTC, about 92% of the undergraduate population received grant aid that averaged $6,244 (for some 1836 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $6,244 |
| Federal Pell grants | 57% | $7,986 |
| Federal student loans | 0% | — |
For on-campus title-IV students, average grant aid came to $12,058.
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 | $-140 |
| $30,001 – $75,000 | $2,249 |
| Over $75,000 | $1,448 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $12,844 |
| Off-campus title-IV students | $294 |
For a personalized estimate based on your family’s financial situation, use OFTC’s net price calculator: www.oftc.edu/netpricecalculator/.
A typical borrower at OFTC leaves with $4,688 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,688 |
| Median federal debt (graduates only) | $6,514 |
| Typical 10-year monthly payment (graduates) | $69.06/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at OFTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $940 |
| 25th percentile | $1,800 |
| 75th percentile | $9,764 |
| 90th percentile (highest-debt students) | $21,155 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,400 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,085 |
| Independent students | $5,174 |
These indicators are derived from the underlying debt data and summarize the overall picture at OFTC.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at OFTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1057 |
| Total Stafford loan amount | $7,817,039 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 12 |
| Total GI Bill amount | $19,380 |
| Average GI Bill amount per recipient | $1,615 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.