by our College Data Analytics TeamA large number of students will never be charged 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 Red River Technology Center can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Red River Technology Center deliver, and just what are you going to be eligible for? Keep reading for answers. Read on 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. The figures below will help you estimate the aid you might receive from Red River Technology Center.
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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Red River Technology Center, 95% of entering full-time freshmen got some type of financial assistance (about 21 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $5,635 |
| Institutional grants & scholarships | 41% | $1,789 |
| Federal Pell grants | 68% | $6,372 |
| State/local grants | 14% | $1,217 |
| Federal student loans | 0% | — |
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 Red River Technology Center, some 17% of the undergraduate population received grant aid that averaged $3,747 (for some 95 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 17% | $3,747 |
| Federal Pell grants | 8% | $5,419 |
| Federal student loans | 0% | — |
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 | $11,969 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Federal data publishes pre-calculated indicators that summarize debt outcomes. Red River Technology Center.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Red River Technology Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 21 |
| Total Stafford loan amount | $135,942 |
References
More about our data sources and methodologies.