by our College Data Analytics TeamA lot 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 Salina Area Technical College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can Salina Tech offer, and what will you qualify for? Keep reading for more information. Read on to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Salina Area 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 incoming first-year students at Salina Area Technical College, 72% of the incoming full-time class was awarded financial aid approximately 64 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $8,815 |
| Institutional grants & scholarships | 2% | $5,313 |
| Federal Pell grants | 43% | $5,475 |
| State/local grants | 45% | $6,653 |
| Federal student loans | 33% | $4,508 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Salina Tech, approximately 31% of the undergraduate population received grant aid that averaged $6,413 (across approximately 315 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $6,413 |
| Federal Pell grants | 15% | $4,907 |
| Federal student loans | 12% | $3,783 |
For students living on campus and receiving title-IV aid, grants averaged $8,174.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,556 |
| $30,001 – $75,000 | $7,248 |
| Over $75,000 | $8,145 |
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 | $6,468 |
| Off-campus title-IV students | $7,018 |
For a customized cost estimate, visit Salina Tech’s net price tool: www.salinatech.edu/admissions/financial-aid/net-price-calculator/.
The median federal debt load at Salina Tech comes to $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $7,000 |
| Typical 10-year monthly payment (graduates) | $74.21/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. The figures below chart the debt distribution at Salina Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,750 |
| 75th percentile | $6,503 |
| 90th percentile (highest-debt students) | $11,543 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,500 |
The figure below distills the debt data into a single burden category for Salina Tech.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Salina Tech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1276 |
| Total Stafford loan amount | $6,983,983 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $61,014 |
| Average GI Bill amount per recipient | $7,627 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.