by our College Data Analytics TeamMany students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Renton Technical College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Renton Technical College offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to see 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Renton 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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Renton Technical College, 77% of new full-time first-years were awarded at least some aid approximately 214 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $7,560 |
| Institutional grants & scholarships | 23% | $2,532 |
| Federal Pell grants | 43% | $4,710 |
| State/local grants | 64% | $3,943 |
| Federal student loans | 6% | $6,797 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Renton Technical College, around 42% of undergraduate students received gift aid averaging $6,557 (across approximately 1290 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $6,557 |
| Federal Pell grants | 21% | $4,672 |
| Federal student loans | 3% | $6,299 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $9,289.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,140 |
| $30,001 – $75,000 | $5,212 |
| Over $75,000 | $13,590 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $8,296 |
| Off-campus title-IV students | $5,051 |
To get a personalized net price estimate, try Renton Technical College’s online cost calculator: www.rtc.edu/net-price-calculator.
A typical borrower at Renton Technical College leaves with $6,993 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,993 |
| Median federal debt (graduates only) | $7,920 |
| Typical 10-year monthly payment (graduates) | $83.97/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at Renton Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,901 |
| 25th percentile | $3,386 |
| 75th percentile | $10,046 |
| 90th percentile (highest-debt students) | $15,980 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,572 |
| Middle income | $7,106 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,697 |
| Continuing-generation students | $7,643 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,920 |
These indicators are derived from the underlying debt data and summarize the overall picture at Renton Technical College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Renton Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3106 |
| Total Stafford loan amount | $26,468,821 |
References
More about our data sources and methodologies.