Understanding NASCAR Technical Institute Tuition Costs and Financial Aid

NASCAR Technical Institute (NASCAR Tech), a part of the Universal Technical Institute (UTI) family of schools, is a higher education institution located in Iredell County, NC. It is a leading provider of technician training, empowering students to turn their passion into a career they can pursue. This article delves into the costs associated with attending NASCAR Technical Institute, the financial aid options available, and other factors to consider.

Overview of NASCAR Technical Institute

NASCAR Technical Institute serves 1,211 students, with 100% enrolled full-time. Students choose NASCAR Tech because of its hands-on labs with tools and technology that mirror what’s used in the field today. As the exclusive educational provider for NASCAR, it is the only campus in the country to offer NASCAR-endorsed specialized training, available as a 15-week special elective to students after they complete core training. NASCAR Tech prepares graduates to work as entry-level automotive service technicians. Some graduates who take NASCAR-specific electives also may have job opportunities in racing-related industries.

Tuition and Fees

The average annual tuition for NASCAR Technical Institute is $22,018. This figure represents the direct cost of education before any financial aid is applied.

Average Net Price After Financial Aid

In 2023, the average net price, which is the price paid after factoring in grants and loans, was $23,532. Between 2022 and 2023, the average net price grew by 4.39%. This cost can vary significantly depending on a student's financial situation and the amount of aid they receive.

Financial Aid Opportunities

In 2023, 77% of undergraduate students attending NASCAR Technical Institute received financial aid through grants, and 64% received financial aid through loans. Financial aid, scholarships, and grants are available to those who qualify, with awards varying due to specific conditions, criteria, and state regulations.

Financial Aid by Income Level

The availability of financial aid can differ based on a student's or family's income level. Students are encouraged to apply for financial aid to determine their eligibility for grants, scholarships, and loans.

Student Loan Default Rate

In 2022, the default rate for borrowers at NASCAR Technical Institute was 0%, representing 0 out of the 3,790 total borrowers. A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment and Demographics

In 2023, NASCAR Technical Institute had a total enrollment of 1,306 students, all of whom were full-time. The student population is diverse, with the following breakdown:

53.3% White
17.8% Black or African American
16.1% Hispanic or Latino
8.73% Two or More Races
0.919% Asian
0.536% American Indian or Alaska Native
0.23% Native Hawaiian or Other Pacific Islanders

Graduation Rates and Program Completion

In 2023, 14% of students graduating from NASCAR Technical Institute completed their program within 100% "normal time". Comparatively, 50% completed their degrees within 150% of the normal time, and 54% within 200%. The student demographic with the highest graduation rate in 2023 at NASCAR Technical Institute is Male and Asian (100% graduation rate).

Majors and Specializations

In 2023, the most common Associates Degree concentration at NASCAR Technical Institute was Automobile Mechanics Technology, with 517 degrees awarded. The most specialized majors include Mechanical Technologies (535 degrees awarded) and Precision Production (165 degrees).

Read also: Navigating Tech Breadth at UCLA

Employment and Career Services

Students enrolled in select UTI programs are eligible to apply for the Early Employment Program. Participating employers will contact selected applicants to conduct interviews. Hiring, employee retention, and compensation decisions are made solely by the prospective employer. Employer participation and program details are subject to change. For additional information, please contact Career Services.

UTI is an educational institution and cannot guarantee employment or salary. Incentive programs and employee eligibility are at the discretion of the employer and available at select locations. Special conditions may apply. Talk to potential employers to learn more about the programs available in your area.

Additional Programs and Training

UTI now offers all of its automotive, diesel, motorcycle, and marine technician training in a blended-learning format consisting of online lecture courses along with in-person, hands-on lab training. Refresher training is available to graduates only if the course is still available and space is available.

Student and Faculty Perspectives

Overall, NASCAR Technical Institute - Mooresville has a rating of 2.9 / 5.0. Students and faculty have shared the following perspectives:

Professors: 2.5 / 5.0
Value: 3.0 / 5.0
Diversity: 4.5 / 5.0
Safety: 3.5 / 5.0
Student Life: 3.5 / 5.0
Location: 2.9 / 5.0
Accomplishments: 2.5 / 5.0

17 / 18 students agree that professors put a lot of effort into teaching their classes; 15 / 17 students agree that it is easy to get the classes they want; 14 / 17 students agree that the workload is easy to manage.

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