by our College Data Analytics TeamMany students will never be charged 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 Northwood Technical College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will WITC deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Northwood Technical 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.
Looking at the entering class at Northwood Technical College, 74% of first-year full-time students received aid of some kind approximately 230 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $5,704 |
| Institutional grants & scholarships | 19% | $675 |
| Federal Pell grants | 43% | $5,302 |
| State/local grants | 43% | $2,486 |
| Federal student loans | 25% | $4,848 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, about 43% of undergrads got grants or scholarships worth on average $5,261 (for some 1138 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $5,261 |
| Federal Pell grants | 31% | $4,339 |
| Federal student loans | 24% | $4,590 |
For students living on campus and receiving title-IV aid, grants averaged $5,992.
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 | $6,813 |
| $30,001 – $75,000 | $8,680 |
| Over $75,000 | $13,345 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $8,989 |
| Off-campus title-IV students | $8,892 |
To project your own net price, use WITC’s net price tool: www.northwoodtech.edu/sites/default/files/static/NetPriceCalculator/index.html.
The middle student in the debt distribution at WITC owes $5,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $8,250 |
| Typical 10-year monthly payment (graduates) | $87.46/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 figures below chart the debt distribution at WITC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,500 |
| 75th percentile | $10,000 |
| 90th percentile (highest-debt students) | $14,386 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,750 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,033 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,999 |
A handful of calculated indicators summarize the debt outlook at WITC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at WITC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10549 |
| Total Stafford loan amount | $84,883,863 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 45 |
| Total GI Bill amount | $122,501 |
| Average GI Bill amount per recipient | $2,722 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $4,386 |
| Average DoD amount per recipient | $2,193 |
References
More about our data sources and methodologies.