by our College Data Analytics TeamThe majority of students are not billed 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 price tag of going to Ohio Technical College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financing options does Ohio Technical College offer, and what will you qualify for? Keep scrolling for more information. Read on 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Ohio Technical College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Ohio Technical College, 92% of first-time, full-time freshmen received some form of financial aid around 237 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $7,384 |
| Institutional grants & scholarships | 75% | $3,455 |
| Federal Pell grants | 61% | $6,368 |
| State/local grants | 0% | $8,750 |
| Federal student loans | 79% | $8,381 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, around 75% of undergraduates were awarded grant or scholarship aid averaging $6,876 (covering around 325 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $6,876 |
| Federal Pell grants | 50% | $6,089 |
| Federal student loans | 68% | $10,540 |
Title-IV recipients living on campus saw average grant aid of $1,959.
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 | $26,264 |
| $30,001 – $75,000 | $26,904 |
| Over $75,000 | $30,952 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $34,972 |
| Off-campus title-IV students | $27,952 |
To get a personalized net price estimate, try Ohio Technical College’s NPC: ohiotech.edu/npcalc/npcalc.htm.
A typical borrower at Ohio Technical College leaves with $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Ohio Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $7,667 |
| 75th percentile | $13,350 |
| 90th percentile (highest-debt students) | $20,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,667 |
| Middle income | $7,667 |
| High income | $10,548 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $11,987 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,034 |
| Independent students | $13,000 |
The figure below distills the debt data into a single burden category for Ohio Technical College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Ohio Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7979 |
| Total Stafford loan amount | $88,925,613 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 21 |
| Total GI Bill amount | $424,313 |
| Average GI Bill amount per recipient | $20,205 |
References
More about our data sources and methodologies.