by our College Data Analytics TeamThe majority 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 price tag of going to Pennsylvania College of Technology can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does Penn College offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Pennsylvania College of Technology.
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 Pennsylvania College of Technology, 88% of first-year full-time students received aid of some kind some 969 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $8,964 |
| Institutional grants & scholarships | 48% | $4,782 |
| Federal Pell grants | 35% | $5,215 |
| State/local grants | 36% | $4,441 |
| Federal student loans | 61% | $5,307 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, around 68% of undergraduates were awarded an average grant or scholarship of $9,919 (across approximately 2937 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $9,919 |
| Federal Pell grants | 33% | $4,881 |
| Federal student loans | 60% | $6,554 |
Title-IV recipients living on campus saw average grant aid of $8,082.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,066 |
| $30,001 – $75,000 | $23,051 |
| Over $75,000 | $29,734 |
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 | $25,110 |
| Off-campus title-IV students | $26,084 |
For a personalized estimate based on your family’s financial situation, use Penn College’s official net price calculator: www.pct.edu/admissions/consumerinfo/NPC/.
The middle student in the debt distribution at Penn College owes $15,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,250 |
| Median federal debt (graduates only) | $23,961 |
| Typical 10-year monthly payment (graduates) | $254.03/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Penn College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $7,475 |
| 75th percentile | $26,500 |
| 90th percentile (highest-debt students) | $35,189 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,500 |
| Middle income | $15,615 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,750 |
| Continuing-generation students | $14,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,990 |
| Independent students | $20,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Penn College.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Penn College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 24049 |
| Total Stafford loan amount | $403,035,786 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 195 |
| Total GI Bill amount | $2,812,695 |
| Average GI Bill amount per recipient | $14,424 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 15 |
| Total DoD amount | $67,500 |
| Average DoD amount per recipient | $4,500 |
References
More about our data sources and methodologies.