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 total price of attendance at Tri-County Technical College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will TCTC deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Tri-County Technical College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Tri-County Technical College, 93% of first-time, full-time freshmen received some form of financial aid (about 1700 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $8,105 |
| Institutional grants & scholarships | 13% | $2,219 |
| Federal Pell grants | 33% | $6,644 |
| State/local grants | 86% | $5,602 |
| Federal student loans | 21% | $5,326 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, roughly 86% of undergraduates were awarded an average grant or scholarship of $6,560 (among about 4960 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $6,560 |
| Federal Pell grants | 36% | $5,585 |
| Federal student loans | 11% | $5,434 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $10,387.
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 | $4,621 |
| $30,001 – $75,000 | $5,860 |
| Over $75,000 | $8,310 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $14,670 |
| Off-campus title-IV students | $5,807 |
For a personalized estimate based on your family’s financial situation, use TCTC’s net price calculator: etcdata.tctc.edu/vpba/financial_aid/netprice/npcalc.htm.
Graduating students at TCTC carry a median federal student debt of $5,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $9,000 |
| Typical 10-year monthly payment (graduates) | $95.41/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at TCTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,204 |
| 75th percentile | $8,502 |
| 90th percentile (highest-debt students) | $14,750 |
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 | $5,500 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,350 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. TCTC.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at TCTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9615 |
| Total Stafford loan amount | $73,149,402 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 101 |
| Total GI Bill amount | $465,903 |
| Average GI Bill amount per recipient | $4,613 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 13 |
| Total DoD amount | $53,424 |
| Average DoD amount per recipient | $4,110 |
References
More about our data sources and methodologies.