by our College Data Analytics TeamA large number of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Pennsylvania Institute of Technology can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will Pennsylvania Institute of Technology provide, and just what are you going to be eligible for? Read on for answers. Scroll down to discover 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. Use the information below to understand how much financial assistance you may get from Pennsylvania Institute of Technology.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Pennsylvania Institute of Technology, 99% of entering full-time freshmen got some type of financial assistance around 78 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $6,307 |
| Institutional grants & scholarships | 20% | $589 |
| Federal Pell grants | 90% | $5,375 |
| State/local grants | 13% | $4,888 |
| Federal student loans | 94% | $6,646 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, roughly 91% of undergraduates were awarded an average grant or scholarship of $7,174 (for some 603 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $7,174 |
| Federal Pell grants | 80% | $4,720 |
| Federal student loans | 93% | $6,605 |
For on-campus title-IV students, average grant aid came to $6,145.
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 | $16,601 |
| $30,001 – $75,000 | $16,224 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,850 |
| Off-campus title-IV students | $16,685 |
To get a personalized net price estimate, try Pennsylvania Institute of Technology’s net price calculator: www.pit.edu/financial-aid/net-price-calculator/.
A typical borrower at Pennsylvania Institute of Technology leaves with $6,334 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,334 |
| Median federal debt (graduates only) | $16,500 |
| Typical 10-year monthly payment (graduates) | $174.93/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Pennsylvania Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,779 |
| 25th percentile | $3,500 |
| 75th percentile | $12,499 |
| 90th percentile (highest-debt students) | $17,045 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,334 |
| Middle income | $6,131 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,334 |
| Continuing-generation students | $5,502 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,958 |
| Independent students | $6,334 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Pennsylvania Institute of Technology.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Pennsylvania Institute of Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8394 |
| Total Stafford loan amount | $92,576,127 |
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 | 6 |
| Total GI Bill amount | $70,775 |
| Average GI Bill amount per recipient | $11,796 |
References
More about our data sources and methodologies.