by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from NCTC.
$3,669.00 is the typical North Central Texas College’s first year financial aid package. 76% of reshman students get financial aid, most of which is in the form of loans
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at North Central Texas College.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The stats below refer to aid that is provided by North Central Texas College.
44% of incoming freshmen (303 total) were given scholarships at North Central Texas College, averaging $1,931.00 per student. This puts it in the bottom 50th percentile among colleges and universities nationwide.
In addition to scholarships, 46% of first-year students (313 total) got federal grant aid, averaging $2,665.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 17.61% | $4,950.00 |
| Income 30k-48k | 8.30% | $5,088.00 |
| Income 48k-75k | 6.40% | $2,622.00 |
| Income 75k-110k | 6.55% | $1,118.00 |
| Income 110k + | 3.64% | $1,110.00 |
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.
Of the 687 undergraduate students at North Central Texas College around 76% (474 total) receive some form of grant aid. The typical amount awarded was $3,669.00.
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.