by our College Data Analytics TeamA large number 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 sum total of attendance at Spa Tech Institute-Plymouth can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does Spa Tech Institute-Plymouth offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Spa Tech Institute-Plymouth.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Spa Tech Institute-Plymouth, 84% of new full-time first-years were awarded at least some aid around 53 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $4,253 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 51% | $3,578 |
| State/local grants | 5% | $8,617 |
| Federal student loans | 71% | $4,580 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Spa Tech Institute-Plymouth, approximately 35% of undergraduate students received gift aid averaging $3,889 (for some 126 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 35% | $3,889 |
| Federal Pell grants | 34% | $3,429 |
| Federal student loans | 41% | $4,942 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $2,348.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,532 |
| $30,001 – $75,000 | $20,548 |
| Over $75,000 | $21,047 |
Remember these are net prices — what families pay after gift aid, not before.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $31,895 |
| Off-campus title-IV students | $19,494 |
For a personalized estimate based on your family’s financial situation, use Spa Tech Institute-Plymouth’s net price calculator: www.spatech.edu/consumer-information.html.
A typical borrower at Spa Tech Institute-Plymouth leaves with $6,333 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Spa Tech Institute-Plymouth.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,666 |
| 75th percentile | $6,861 |
| 90th percentile (highest-debt students) | $8,127 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $3,667 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Spa Tech Institute-Plymouth.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Spa Tech Institute-Plymouth:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4169 |
| Total Stafford loan amount | $25,068,845 |
References
More about our data sources and methodologies.