by our College Data Analytics TeamMost 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 total price of attendance at Pine Technical & Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Pine Technical & Community College provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Pine Technical & Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Pine Technical & Community College, 92% of first-time, full-time freshmen received some form of financial aid roughly 121 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $6,124 |
| Institutional grants & scholarships | 39% | $3,615 |
| Federal Pell grants | 52% | $4,327 |
| State/local grants | 58% | $2,178 |
| Federal student loans | 23% | $5,868 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, some 36% of the undergraduate population received grant aid that averaged $4,563 (across roughly 697 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 36% | $4,563 |
| Federal Pell grants | 15% | $4,089 |
| Federal student loans | 9% | $6,873 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,681.
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 | $8,526 |
| $30,001 – $75,000 | $10,487 |
| Over $75,000 | $14,623 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $12,798 |
| Off-campus title-IV students | $10,281 |
For a personalized estimate based on your family’s financial situation, use Pine Technical & Community College’s net price calculator: www.minnstate.edu/admissions/calculator/pine.html.
The median federal debt load at Pine Technical & Community College comes to $9,933 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,933 |
| Median federal debt (graduates only) | $14,392 |
| Typical 10-year monthly payment (graduates) | $152.58/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
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 Pine Technical & Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,277 |
| 75th percentile | $22,751 |
| 90th percentile (highest-debt students) | $35,500 |
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 | $12,353 |
| Middle income | $9,865 |
| High income | $7,125 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,500 |
| Continuing-generation students | $8,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $13,125 |
A handful of calculated indicators summarize the debt outlook at Pine Technical & Community College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Pine Technical & Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3193 |
| Total Stafford loan amount | $50,381,504 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $78,688 |
| Average GI Bill amount per recipient | $5,246 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.