by our College Data Analytics TeamThe majority of students will not be asked to pay 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 sum total of attendance at Western Iowa Tech Community College can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can Western Iowa Tech Community College deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Western Iowa Tech Community 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Western Iowa Tech Community College, 91% of new full-time first-years were awarded at least some aid (about 536 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $6,068 |
| Institutional grants & scholarships | 54% | $1,989 |
| Federal Pell grants | 57% | $5,341 |
| State/local grants | 29% | $3,179 |
| Federal student loans | 67% | $4,530 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, approximately 38% of undergraduates were awarded grant or scholarship aid averaging $5,032 (across roughly 1944 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $5,032 |
| Federal Pell grants | 27% | $4,841 |
| Federal student loans | 17% | $5,276 |
On-campus students receiving title-IV aid were awarded grants averaging $6,124.
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 | $7,553 |
| $30,001 – $75,000 | $8,221 |
| Over $75,000 | $10,632 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $8,770 |
| Off-campus title-IV students | $8,875 |
To project your own net price, use Western Iowa Tech Community College’s NPC: www.witcc.edu/financial-aid/net-price-calculator/.
A typical borrower at Western Iowa Tech Community College leaves with $7,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,000 |
| Median federal debt (graduates only) | $11,000 |
| Typical 10-year monthly payment (graduates) | $116.62/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. These percentiles trace how cumulative federal debt is spread among borrowers at Western Iowa Tech Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,500 |
| 25th percentile | $2,750 |
| 75th percentile | $11,250 |
| 90th percentile (highest-debt students) | $18,622 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,271 |
| Middle income | $7,000 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,905 |
| Continuing-generation students | $7,420 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,094 |
The figure below distills the debt data into a single burden category for Western Iowa Tech Community College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Western Iowa Tech Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 15031 |
| Total Stafford loan amount | $156,857,395 |
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 | 43 |
| Total GI Bill amount | $174,851 |
| Average GI Bill amount per recipient | $4,066 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $5,291 |
| Average DoD amount per recipient | $2,646 |
References
More about our data sources and methodologies.