by our College Data Analytics TeamMany 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 sum total of attendance at Southern Oklahoma Technology Center can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does Southern Tech provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep going to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Southern Oklahoma Technology Center.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Southern Oklahoma Technology Center, 83% of new full-time first-years were awarded at least some aid approximately 35 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $5,811 |
| Institutional grants & scholarships | 7% | $308 |
| Federal Pell grants | 60% | $6,070 |
| State/local grants | 57% | $1,303 |
| Federal student loans | 0% | — |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Southern Tech, about 21% of undergraduate students received gift aid averaging $3,884 (across roughly 147 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 21% | $3,884 |
| Federal Pell grants | 14% | $4,617 |
| Federal student loans | 0% | — |
For on-campus title-IV students, average grant aid came to $5,827.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,646 |
| $30,001 – $75,000 | $3,776 |
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 | $12,939 |
| Off-campus title-IV students | $4,777 |
To get a personalized net price estimate, try Southern Tech’s net price tool: www.sotech.edu/financialaid/npc.html.
Federal data publishes pre-calculated indicators that summarize debt outcomes. Southern Tech.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Southern Tech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 26 |
| Total Stafford loan amount | $205,747 |
References
More about our data sources and methodologies.