by our College Data Analytics TeamThe majority of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Wake Technical Community College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Wake Technical Community College offer, and what will you qualify for? Read on for more information. Keep scrolling 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. Use the information below to understand how much financial assistance you may get from Wake Technical Community College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Wake Technical Community College, 75% of the incoming full-time class was awarded financial aid approximately 1399 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $4,800 |
| Institutional grants & scholarships | 71% | $578 |
| Federal Pell grants | 40% | $6,937 |
| State/local grants | 27% | $1,210 |
| Federal student loans | 17% | $4,843 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Wake Technical Community College, roughly 51% of undergraduates were awarded grant or scholarship aid averaging $4,104 (across approximately 11507 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $4,104 |
| Federal Pell grants | 28% | $5,488 |
| Federal student loans | 16% | $5,800 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,194.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,930 |
| $30,001 – $75,000 | $6,210 |
| Over $75,000 | $11,627 |
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 | $8,759 |
| Off-campus title-IV students | $6,935 |
To get a personalized net price estimate, try Wake Technical Community College’s official net price calculator: www.waketech.edu/financial-aid/consumer-disclosure-information/net-price.
Graduating students at Wake Technical Community College carry a median federal student debt of $7,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,000 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Wake Technical Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,276 |
| 25th percentile | $3,750 |
| 75th percentile | $15,750 |
| 90th percentile (highest-debt students) | $28,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,250 |
| Middle income | $6,250 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,210 |
| Continuing-generation students | $6,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Wake Technical Community College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Wake Technical Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 38337 |
| Total Stafford loan amount | $495,190,655 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 619 |
| Total GI Bill amount | $1,079,342 |
| Average GI Bill amount per recipient | $1,744 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $5,593 |
| Average DoD amount per recipient | $932 |
References
More about our data sources and methodologies.