Financial Aid at Madison College
Financial Aid Amount Received
$4,850 (69.02% of tuition)
Percent of Financial Aid Received
26% of 12,936 students
3,316 undergraduate students (26% of all students) have received grants, scholarships, and/or federal student loans at Madison Area Technical College. The percentage of students who received financial aid lower compared to Public, 4-Years Colleges in Wisconsin.
Compared to similar schools in rankings such as Blackhawk Technical College and Gateway Technical College, the percentage of students who received financial aid is lower (the average of the schools is 51.17%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,850 and the average loan amount is $6,489. The average financial aid amount is 69.02% of tuition & fees based on out-of-state rate (tuition & fees: $7,027).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 3,316 | 26% | $16,081,520 | $4,850 |
| Pell Grants | 2,465 | 19% | $9,362,551 | $3,798 |
| Federal Students Loans | 2,074 | 16% | $13,458,753 | $6,489 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 287 students have received one or more types of financial aid at Madison Area Technical College.
The average amount of federal, state, local or institutional grant aid is $5,434 and the average amount of student loans awarded to full-time first-time undergraduate students is $6,150.
The following table shows the financial data by type of aid at Madison Area Technical College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 350 | 47% | - | - |
| Grant or scholarship aid | 287 | 39% | $1,559,505 | $5,434 |
| Federal Grants | 228 | 31% | $1,153,956 | $5,061 |
| Pell Grants | 228 | 31% | $1,114,756 | $4,889 |
| Other Federal Grants | 85 | 11% | $39,200 | $461 |
| State/Local Grants | 202 | 27% | $314,598 | $1,557 |
| Institutional Grants | 64 | 9% | $90,951 | $1,421 |
| Student Loans | 148 | 20% | $910,259 | $6,150 |
| Federal Student Loans | 145 | 20% | $840,349 | $5,796 |
| Other Student Loans | 9 | 1% | $69,910 | $7,768 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Madison Area Technical College.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $1,398,650 | $4,823 |
| 0 - $30,000 | 123 | 123 | $839,213 | $6,823 |
| $30,001 - $48,000 | 56 | 49 | $352,045 | $6,287 |
| $48,001 - $75,000 | 50 | 45 | $180,356 | $3,607 |
| $75,001 - $110,000 | 29 | 10 | $21,356 | $736 |
| $110,001 - more | 32 | 4 | $5,680 | $178 |
Paid Tuition Rates by Residency
At Madison Area Technical College, for the first-time/full-time students, 695 students have paid in-state rate of tuition and 47 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 695 |
| Out-of-State Rate | 47 |
| Un-known | 0 |