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 cost of going to Southeastern Technical Institute can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Southeastern Technical Institute deliver, and just what are you going to be eligible for? Read on for answers. Scroll down 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 Southeastern Technical Institute.
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 Southeastern Technical Institute, 85% of entering full-time freshmen got some type of financial assistance roughly 23 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $7,493 |
| Institutional grants & scholarships | 52% | $774 |
| Federal Pell grants | 59% | $5,861 |
| State/local grants | 44% | $908 |
| Federal student loans | 59% | $7,898 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Southeastern Technical Institute, about 37% of undergraduate students received gift aid averaging $4,322 (among about 100 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 37% | $4,322 |
| Federal Pell grants | 32% | $3,990 |
| Federal student loans | 40% | $5,152 |
For students living on campus and receiving title-IV aid, grants averaged $8,799.
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 | $11,768 |
| $30,001 – $75,000 | $8,704 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,060 |
| Off-campus title-IV students | $11,541 |
For a personalized estimate based on your family’s financial situation, use Southeastern Technical Institute’s net price calculator: stitech.edu/index.php/financial-aid/.
A typical borrower at Southeastern Technical Institute leaves with $6,750 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,750 |
| Median federal debt (graduates only) | $8,846 |
| Typical 10-year monthly payment (graduates) | $93.78/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at Southeastern Technical Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,575 |
| 25th percentile | $4,451 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,068 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,654 |
| Middle income | $5,500 |
| High income | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,475 |
These indicators are derived from the underlying debt data and summarize the overall picture at Southeastern Technical Institute.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Southeastern Technical Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1047 |
| Total Stafford loan amount | $7,027,516 |
References
More about our data sources and methodologies.