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 Orangeburg Calhoun Technical College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does OCtech deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Orangeburg Calhoun 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 Orangeburg Calhoun Technical College, 96% of the incoming full-time class was awarded financial aid approximately 229 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $8,072 |
| Institutional grants & scholarships | 6% | $1,273 |
| Federal Pell grants | 70% | $5,772 |
| State/local grants | 95% | $3,759 |
| Federal student loans | 2% | $4,144 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 92% of undergrads got grants or scholarships worth on average $5,067 (covering around 1984 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $5,067 |
| Federal Pell grants | 45% | $5,003 |
| Federal student loans | 9% | $4,497 |
For students living on campus and receiving title-IV aid, grants averaged $8,979.
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 | $5,405 |
| $30,001 – $75,000 | $5,560 |
| Over $75,000 | $9,407 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,186 |
| Off-campus title-IV students | $6,119 |
For an estimate tailored to your family circumstances, see OCtech’s net price tool: www.octech.edu/net-price-calculator/.
A typical borrower at OCtech leaves with $7,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,000 |
| Median federal debt (graduates only) | $10,562 |
| Typical 10-year monthly payment (graduates) | $111.97/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at OCtech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,750 |
| 75th percentile | $10,129 |
| 90th percentile (highest-debt students) | $17,265 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,274 |
| Middle income | $6,000 |
| High income | $7,096 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,000 |
| Continuing-generation students | $5,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $7,501 |
These indicators are derived from the underlying debt data and summarize the overall picture at OCtech.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at OCtech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6351 |
| Total Stafford loan amount | $58,711,190 |
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.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 25 |
| Total GI Bill amount | $110,083 |
| Average GI Bill amount per recipient | $4,403 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.