by our College Data Analytics TeamOn this page you'll get a better understanding of what college costs you'll actually have to pay out of pocket, which can vary widely based on where you live and your income level.
Few students will pay the full advertised sticker price of MTC. The Net Price is an estimate of how much the average student actually pays to attend college for one year.
To calculate this number we take the total cost of attendance of Marion Technical College including tuition, fees, room, board and other expenses. Then we subtract out the average amount of aid awarded per student.
We wanted to talk about the net price for all undergraduates (not just freshmen), but that information was not available for Marion Technical College.
100% of freshman students paid in-state tuition. Of these in-state students, 73% received an average of $4,779 in grants and scholarships. This resulted in an average annual net price of $8,686 for off-campus students.
The following table explores the likelihood that you too will receive some common price-reducing aid, based on percentages.
| Net Price by Aid Group | On Campus | Off Campus | At Home |
|---|---|---|---|
| 175 Total Freshmen | |||
| 47 (27%) did not receive any grants or scholarships. | N/A | $17,345 | $12,345 |
| 128 (73%) split a total of $611,712 for an average of $4,779 each | N/A | $12,566 | $7,566 |
| 175 In-State Students | |||
| 47 (27%) did not receive any grants or scholarships. | N/A | $13,465 | $8,465 |
| 128 (73%) split a total of $611,712 for an average of $4,779 each | N/A | $8,686 | $3,686 |
The above refers to grants and scholarships from the college and/or the state, federal or local governments. Other sources of grant aid such as private scholarships are not included.
Family income can have a large impact on the amount of aid you receive, and thus, your net price.
The table below shows the average net price freshmen paid based on income level. Note that if the school offers in-state tuition, the lower in-state tuition has been used in the calculation.
| Net Price by Family Income Level | In-State Net Price |
|---|---|
| 0-30k | $5,141 |
| 30k-48k | $5,629 |
| 48k-75k | $6,834 |
| 75k-110k | $9,862 |
| 110k + | $10,628 |
The above table only includes the calculated net price for students that received some form of Title IV aid.
Title IV of the Higher Education Act of 1965 establishes general rules that apply to the student financial assistance programs covering grants and loans.
Over a period of three years, the average net price paid by all freshmen at Marion Technical College has decreased by an average of 0.7% per year. This means that despite total costs rising at an average annual rate of 3.0% the average aid given to freshmen has increased at a faster rate.
An overall average net price of $8,686 puts Marion Technical College well below the national average of $20,398.
Many schools offer more aid to first year students (freshmen) than they do to other undergraduates. Is that the case with this school?
