by our College Data Analytics TeamThe majority of students will never be charged 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 Springfield Technical Community College can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financing solutions does STCC deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to find out how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Springfield Technical Community College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Springfield Technical Community College, 79% of first-time, full-time freshmen received some form of financial aid roughly 447 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $8,969 |
| Institutional grants & scholarships | 4% | $1,231 |
| Federal Pell grants | 61% | $7,117 |
| State/local grants | 68% | $3,652 |
| Federal student loans | 21% | $3,982 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At STCC, around 66% of undergrads got grants or scholarships worth on average $10,357 (among about 2996 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $10,357 |
| Federal Pell grants | 50% | $5,520 |
| Federal student loans | 22% | $4,806 |
On-campus students receiving title-IV aid were awarded grants averaging $9,309.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,292 |
| $30,001 – $75,000 | $7,973 |
| Over $75,000 | $13,274 |
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 | $5,662 |
| Off-campus title-IV students | $8,196 |
For an estimate tailored to your family circumstances, see STCC’s official net price calculator: stcc.aidcalc.cloud/.
A typical borrower at STCC leaves with $4,996 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,996 |
| Median federal debt (graduates only) | $6,570 |
| Typical 10-year monthly payment (graduates) | $69.65/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at STCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $868 |
| 25th percentile | $1,806 |
| 75th percentile | $7,770 |
| 90th percentile (highest-debt students) | $12,200 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $3,909 |
| Middle income | $4,000 |
| High income | $6,560 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,921 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,074 |
| Independent students | $4,625 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. STCC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at STCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8998 |
| Total Stafford loan amount | $57,579,478 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 63 |
| Total GI Bill amount | $237,870 |
| Average GI Bill amount per recipient | $3,776 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $2,856 |
| Average DoD amount per recipient | $1,428 |
References
More about our data sources and methodologies.