by our College Data Analytics TeamMost 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 price of attendance at SOWELA Technical Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can SOWELA deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to see what amount of financial assistance could be accessible 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 SOWELA Technical Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at SOWELA Technical Community College, 86% of first-time, full-time freshmen received some form of financial aid (about 490 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $8,284 |
| Institutional grants & scholarships | 17% | $1,433 |
| Federal Pell grants | 61% | $6,374 |
| State/local grants | 52% | $2,866 |
| Federal student loans | 0% | — |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At SOWELA, roughly 71% of undergraduates were awarded an average grant or scholarship of $5,233 (covering around 2348 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $5,233 |
| Federal Pell grants | 46% | $5,708 |
| Federal student loans | 0% | — |
For students living on campus and receiving title-IV aid, grants averaged $8,053.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,653 |
| $30,001 – $75,000 | $8,996 |
| Over $75,000 | $10,352 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $7,525 |
| Off-campus title-IV students | $8,927 |
For an estimate tailored to your family circumstances, see SOWELA’s official net price calculator: www.sowela.edu/admissions/financial-aid/price-calculator/.
The median student at SOWELA graduates with $4,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,250 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. SOWELA.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at SOWELA:
| Metric | Value |
|---|---|
| Stafford loan recipients | 628 |
| Total Stafford loan amount | $6,839,429 |
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 | 89 |
| Total GI Bill amount | $254,059 |
| Average GI Bill amount per recipient | $2,855 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $3,888 |
| Average DoD amount per recipient | $1,944 |
References
More about our data sources and methodologies.