by our College Data Analytics TeamA lot of students are not billed 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 Southcentral Kentucky Community and Technical College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can SKYCTC deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Southcentral Kentucky Community and Technical College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Southcentral Kentucky Community and Technical College, 99% of the incoming full-time class was awarded financial aid roughly 536 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $8,258 |
| Institutional grants & scholarships | 76% | $3,106 |
| Federal Pell grants | 55% | $5,753 |
| State/local grants | 93% | $2,712 |
| Federal student loans | 6% | $5,168 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, some 91% of undergraduates were awarded grant or scholarship aid averaging $3,958 (across approximately 4642 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $3,958 |
| Federal Pell grants | 33% | $4,627 |
| Federal student loans | 9% | $5,484 |
Title-IV recipients living on campus saw average grant aid of $10,456.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,199 |
| $30,001 – $75,000 | $3,669 |
| Over $75,000 | $8,618 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $3,537 |
| Off-campus title-IV students | $3,794 |
For an estimate tailored to your family circumstances, see SKYCTC’s official net price calculator: southcentral.kctcs.edu/affording-college/net-price-calculator/index.aspx.
Graduating students at SKYCTC carry a median federal student debt of $7,600 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,600 |
| Median federal debt (graduates only) | $10,175 |
| Typical 10-year monthly payment (graduates) | $107.87/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at SKYCTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $4,000 |
| 75th percentile | $16,500 |
| 90th percentile (highest-debt students) | $25,972 |
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 | $8,293 |
| Middle income | $7,698 |
| High income | $6,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,971 |
| Continuing-generation students | $6,045 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,000 |
| Independent students | $9,211 |
A handful of calculated indicators summarize the debt outlook at SKYCTC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at SKYCTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8832 |
| Total Stafford loan amount | $108,381,823 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 50 |
| Total GI Bill amount | $171,807 |
| Average GI Bill amount per recipient | $3,436 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $3,906 |
| Average DoD amount per recipient | $1,953 |
References
More about our data sources and methodologies.