by our College Data Analytics TeamMost 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 price tag of going to Pennco Tech-Blackwood can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Pennco Tech-Blackwood offer you, and what will you qualify for? Keep reading for more information. Keep going to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Pennco Tech-Blackwood.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
At Pennco Tech-Blackwood, 88% of first-year full-time students received aid of some kind some 727 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $5,967 |
| Institutional grants & scholarships | 30% | $1,329 |
| Federal Pell grants | 76% | $5,667 |
| State/local grants | 1% | $6,044 |
| Federal student loans | 68% | $8,509 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, roughly 75% of undergraduate students received gift aid averaging $5,313 (for some 1148 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $5,313 |
| Federal Pell grants | 71% | $4,956 |
| Federal student loans | 63% | $7,608 |
For on-campus title-IV students, average grant aid came to $5,295.
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 | $20,882 |
| $30,001 – $75,000 | $22,377 |
| Over $75,000 | $25,206 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $22,671 |
| Off-campus title-IV students | $22,036 |
For an estimate tailored to your family circumstances, see Pennco Tech-Blackwood’s net price calculator: www.penncotech.edu/npc/Bristol/npcalc.htm.
The median student at Pennco Tech-Blackwood graduates with $5,922 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,922 |
| Median federal debt (graduates only) | $8,331 |
| Typical 10-year monthly payment (graduates) | $88.32/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. The four reference points below map the debt distribution at Pennco Tech-Blackwood.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,204 |
| 75th percentile | $11,649 |
| 90th percentile (highest-debt students) | $17,734 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $5,643 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,970 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,216 |
The figure below distills the debt data into a single burden category for Pennco Tech-Blackwood.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Pennco Tech-Blackwood:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8310 |
| Total Stafford loan amount | $76,335,836 |
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 | 46 |
| Total GI Bill amount | $779,491 |
| Average GI Bill amount per recipient | $16,945 |
References
More about our data sources and methodologies.