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Saturday, September 21, 2024

Cost of college went up for all students at Vermont Technical College

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In-state tuition and fees rose 2.8 percent for 2018-19 at Vermont Technical College, according to recent data from the U.S. Department of Education.

Vermont residents paid $15,108 to attend the four-year public institution this year – $418 more than the $14,690 charged for 2017-18.

Non-residents paid 83.9 percent more than residents this year, or $27,780. Their price tag grew 2.9 percent from $27,002 in 2017-18.

About 78 percent of the school's undergraduate population are Vermont residents. And about 21 percent are residents of other states.

Data shows 95 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 180 students received grants or scholarships totaling $1.3 million and 171 students took out student loans totaling more than $1.8 million.

Including all undergraduates (1,638), 977 students used grants or scholarships totaling $6.5 million, and 930 students took out $6.9 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~1,278$13,490$14,026$14,690$15,10812%
Out-of-state~344$24,866$25,858$27,002$27,78011.7%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at Vermont Technical College in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants8439%$401,740$4,783
State / local grant or scholarship10047%$158,562$1,586
Institutional grants or scholarships16176%$706,582$4,389
Grant or scholarship aid total18085%$1,266,884$7,038
Federal student loans17080%$989,632$5,821
Other student loans6129%$834,399$13,679
Student loan aid17180%$1,824,031$10,667
Total student aid20395%--

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