by our College Data Analytics TeamA lot 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 total cost of going to Ranken Technical College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can Ranken Technical College deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Ranken Technical College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Ranken Technical College, 82% of new full-time first-years were awarded at least some aid approximately 506 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $11,092 |
| Institutional grants & scholarships | 55% | $6,982 |
| Federal Pell grants | 54% | $6,188 |
| State/local grants | 24% | $4,151 |
| Federal student loans | 61% | $5,360 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 62% of undergraduates were awarded grant or scholarship aid averaging $8,943 (for some 1050 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $8,943 |
| Federal Pell grants | 47% | $5,241 |
| Federal student loans | 59% | $5,783 |
For students living on campus and receiving title-IV aid, grants averaged $10,655.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,699 |
| $30,001 – $75,000 | $14,695 |
| Over $75,000 | $21,837 |
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 | $18,795 |
| Off-campus title-IV students | $16,952 |
For a personalized estimate based on your family’s financial situation, use Ranken Technical College’s net price calculator: ranken.edu/calculator/npcalc.htm.
Graduating students at Ranken Technical College carry a median federal student debt of $9,813 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,813 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Ranken Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,200 |
| 25th percentile | $5,990 |
| 75th percentile | $16,000 |
| 90th percentile (highest-debt students) | $20,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,500 |
| High income | $11,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,563 |
| Continuing-generation students | $10,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $10,450 |
A handful of calculated indicators summarize the debt outlook at Ranken Technical College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Ranken Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10411 |
| Total Stafford loan amount | $120,453,920 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 126 |
| Total GI Bill amount | $1,754,154 |
| Average GI Bill amount per recipient | $13,922 |
References
More about our data sources and methodologies.