by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Interested in understanding the financial aid resources available at Capitol Tech and your eligibility? Find the answers you seek below.
$15,889.00 is the typical Capitol Technology University’s first year financial aid package. Financial aid is provided to about 97% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Capitol Technology University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers listed below make reference to help that is offered by Capitol Technology University.
91% of incoming freshmen (67 total) were awarded scholarships at Capitol Technology University, averaging $10,952.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 45% of freshmen (33 total) obtained a federal grant, for about $5,284.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.32% | $24,963.00 |
| Income 30k-48k | 12.16% | $18,496.00 |
| Income 48k-75k | 8.11% | $13,914.00 |
| Income 75k-110k | 14.86% | $12,203.00 |
| Income 110k + | 16.22% | $9,054.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
69 Capitol Tech undergrads obtain grant aid (this is about 97% of the entire undergraduate student population). The average amount these students receive is $15,889.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.