by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
What financial aid options does Madison College offer, and what will you qualify for? Keep scrolling for answers.
Madison Area Technical College average financial aid offer for freshmen students is $4,950.00. A significant 55% of freshmen benefit from financial aid, with the main type being loans.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Madison Area Technical College you could end up dealing with.
In addition to scholarships, 30% of first-year students (255 total) got federal grant aid, averaging $4,597.00 per person.
The stats and the chart below refer to mainly grants from federal sources, and some local and state grants.
30% of first-year students at Madison Area Technical College (255 total) got a federal grant, averaging $4,597.00.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.92% | $6,643.00 |
| Income 30k-48k | 6.88% | $5,737.00 |
| Income 48k-75k | 7.69% | $3,983.00 |
| Income 75k-110k | 5.71% | $1,420.00 |
| Income 110k + | 4.08% | $1,155.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
358 Madison College undergrads obtain grant aid (this is about 55% of the entire undergraduate student population). The average amount these students receive is $4,950.00.Most of them are distributed as Pell Grants.
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.