by our College Data Analytics TeamMany students will never be charged 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 price tag of going to Southern California Institute of Technology can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Southern California Institute of Technology offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Southern California Institute of Technology.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Southern California Institute of Technology, 98% of first-year full-time students received aid of some kind roughly 473 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $5,746 |
| Institutional grants & scholarships | 16% | $648 |
| Federal Pell grants | 65% | $5,532 |
| State/local grants | 0% | — |
| Federal student loans | 64% | $7,621 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Southern California Institute of Technology, approximately 62% of undergrads got grants or scholarships worth on average $5,812 (across approximately 328 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $5,812 |
| Federal Pell grants | 62% | $5,512 |
| Federal student loans | 63% | $7,642 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,600.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $26,708 |
| $30,001 – $75,000 | $27,767 |
| Over $75,000 | $33,060 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $33,392 |
| Off-campus title-IV students | $27,735 |
To project your own net price, use Southern California Institute of Technology’s online cost calculator: www.scitech.edu/financial-aid/net-price-calculator.
The middle student in the debt distribution at Southern California Institute of Technology owes $10,651 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,651 |
| Median federal debt (graduates only) | $10,798 |
| Typical 10-year monthly payment (graduates) | $114.48/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Southern California Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,970 |
| 25th percentile | $6,334 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $30,988 |
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 | $10,761 |
| Middle income | $10,798 |
| High income | $7,083 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,600 |
| Continuing-generation students | $10,947 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,789 |
| Independent students | $10,939 |
A handful of calculated indicators summarize the debt outlook at Southern California Institute of Technology.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Southern California Institute of Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4529 |
| Total Stafford loan amount | $59,325,857 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 173 |
| Total GI Bill amount | $2,169,315 |
| Average GI Bill amount per recipient | $12,539 |
References
More about our data sources and methodologies.