by our College Data Analytics TeamThe majority of students are not billed 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 total price of attendance at WyoTech can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can Wyotech-Laramie deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at WyoTech.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at WyoTech, 82% of entering full-time freshmen got some type of financial assistance approximately 885 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $6,240 |
| Institutional grants & scholarships | 2% | $6,491 |
| Federal Pell grants | 45% | $5,448 |
| State/local grants | 2% | $15,097 |
| Federal student loans | 69% | $6,324 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 52% of the undergraduate population received grant aid that averaged $6,589 (among about 756 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $6,589 |
| Federal Pell grants | 43% | $4,935 |
| Federal student loans | 68% | $5,566 |
On-campus students receiving title-IV aid were awarded grants averaging $3,393.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $40,048 |
| $30,001 – $75,000 | $41,815 |
| Over $75,000 | $44,565 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $36,726 |
| Off-campus title-IV students | $37,782 |
To project your own net price, use Wyotech-Laramie’s net price tool: www.wyotech.edu/student-services/tuition-aid/net-price-calculator/.
A typical borrower at Wyotech-Laramie leaves with $6,800 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,800 |
| Median federal debt (graduates only) | $6,800 |
| Typical 10-year monthly payment (graduates) | $72.09/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 four reference points below map the debt distribution at Wyotech-Laramie.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,800 |
| 25th percentile | $6,246 |
| 75th percentile | $11,600 |
| 90th percentile (highest-debt students) | $15,398 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,800 |
| Middle income | $6,800 |
| High income | $6,800 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,800 |
| Continuing-generation students | $6,800 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,800 |
| Independent students | $10,590 |
A handful of calculated indicators summarize the debt outlook at Wyotech-Laramie.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Wyotech-Laramie:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18853 |
| Total Stafford loan amount | $183,377,556 |
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 | 78 |
| Total GI Bill amount | $1,626,904 |
| Average GI Bill amount per recipient | $20,858 |
References
More about our data sources and methodologies.