by our College Data Analytics TeamMany students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Washburn Institute of Technology can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Washburn Tech provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Washburn Institute of Technology.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Washburn Institute of Technology, 75% of the incoming full-time class was awarded financial aid approximately 125 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $4,271 |
| Institutional grants & scholarships | 44% | $603 |
| Federal Pell grants | 32% | $5,081 |
| State/local grants | 23% | $4,101 |
| Federal student loans | 13% | $4,420 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Washburn Tech, about 85% of the undergraduate population received grant aid that averaged $3,997 (across roughly 1014 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $3,997 |
| Federal Pell grants | 13% | $4,611 |
| Federal student loans | 8% | $4,887 |
For students living on campus and receiving title-IV aid, grants averaged $5,644.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,943 |
| $30,001 – $75,000 | $12,655 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $8,607 |
| Off-campus title-IV students | $12,943 |
To project your own net price, use Washburn Tech’s NPC: www.washburntech.edu/net-price-calculator/npcalc.htm.
Graduating students at Washburn Tech carry a median federal student debt of $12,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $18,127 |
| Typical 10-year monthly payment (graduates) | $192.18/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Washburn Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,769 |
| 25th percentile | $5,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $39,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,500 |
| High income | $13,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,250 |
| Independent students | $13,579 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Washburn Tech.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Washburn Tech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 27109 |
| Total Stafford loan amount | $669,347,762 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $98,637 |
| Average GI Bill amount per recipient | $4,932 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.