Understanding Thaddeus Stevens College of Technology Tuition and Costs
Thaddeus Stevens College of Technology, located in Lancaster, Pennsylvania, is a public institution offering associate degrees and certifications in various fields. A crucial aspect for prospective students is understanding the costs associated with attending the college. This article provides a detailed overview of tuition, fees, financial aid, and other expenses at Thaddeus Stevens College of Technology.
Tuition Costs
The median undergraduate tuition at Thaddeus Stevens College of Technology is \$9,000. In 2023, the cost of tuition at Thaddeus Stevens College of Technology was \$9,000. This is \$747 more than the national average for Associates Colleges (\$8,253). It's important to note that the tuition cost is the same for both in-state and out-of-state students. In 2020-2021, the tuition and fees were \$8,400.
Average Net Price
The average net price at Thaddeus Stevens College of Technology, which factors in grants and loans, was \$5,866. Between 2022 and 2023, the average net price grew by 33.7%. This net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state, or local governments, or the institution. The average reported annual net price for students receiving grants or scholarship aid was \$5,866. Your net price will fluctuate based on factors such as family income, assets and individual financial need.
Other Student Expenses
Beyond tuition, students should also consider other expenses such as room and board, books, and supplies. In 2023, the average yearly cost for room and board was \$9,670. The cost of room and board did not change between 2022 and 2023. The average yearly cost of books and supplies was \$2,000. The cost of books and supplies did not change during the same period. If living on-campus, students should budget for \$1,656 in additional living expenses.
Financial Aid
Many students rely on financial aid to help cover the costs of college. In 2023, 56% of undergraduate students at Thaddeus Stevens College of Technology received financial aid through grants. Comparatively, 64% of undergraduate students received financial aid through loans. In 2022, 98% of undergraduate students received financial aid. To be eligible for financial aid, students must complete the Free Application for Federal Student Aid (FAFSA). 52% of full-time undergrad Thaddeus Stevens College of Technology received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged \$11,280 per student during the 2019/2020 school year. The average Pell Grant awarded for 2019/2020 was \$5,144. 91 percent of undergraduates receive grant or scholarship aid and the average scholarship or grant award is \$6,788.
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Student Loan Default Rate
In 2022, the default rate for borrowers at Thaddeus Stevens College of Technology was 0%, representing 0 out of the 407 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.
Admissions and Enrollment
In 2023, Thaddeus Stevens College of Technology received 1,942 undergraduate applications, which represents a 66.4% annual growth. Out of those 1,942 applicants, 1,028 students were accepted for enrollment, representing a 52.9% acceptance rate. There were 1,453 students enrolled at Thaddeus Stevens College of Technology in 2023. Thaddeus Stevens College of Technology has an overall enrollment yield of 68.9%, which represents the number of admitted students who ended up enrolling. In 2023, the undergraduate acceptance rate of Thaddeus Stevens College of Technology was 52.9% (1,028 admissions from 1,942 applications). This is lower than the acceptance rate of 2022, which was 91.1%. Between 2022 and 2023, the number of applicants grew by 66.4%, while admissions declined by 3.29%. The full-time enrollment at Thaddeus Stevens College of Technology is 1,398 students and the part-time enrollment is 55. This means that 96.2% of students enrolled at Thaddeus Stevens College of Technology are enrolled full-time. The enrolled student population at Thaddeus Stevens College of Technology, both undergraduate and graduate, is 63.9% White, 15.8% Hispanic or Latino, 12.3% Black or African American, 4.54% Two or More Races, 1.1% Asian, 0.551% American Indian or Alaska Native, and 0.0688% Native Hawaiian or Other Pacific Islanders.
Graduation and Completion Rates
In 2023, 48% of students graduating from Thaddeus Stevens College of Technology completed their program within 100% "normal time". Comparatively, 56% completed their degrees within 150% of the normal time, and 56% within 200%. The retention rate for full-time undergraduates at Thaddeus Stevens College of Technology was 80%. The student demographic with the highest graduation rate in 2023 at Thaddeus Stevens College of Technology is Male and Asian (80% graduation rate).
Majors and Programs
In 2023, 508 degrees were awarded across all undergraduate and graduate programs at Thaddeus Stevens College of Technology. 7.09% of these degrees were awarded to women, and 92.9% awarded men. The most common race/ethnicity group of degree recipients was white (394 degrees), 6.46 times more than then the next closest race/ethnicity group, hispanic or latino (61 degrees). In 2023, the most specialized majors across all degree types at Thaddeus Stevens College of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Construction (93 degrees awarded), Precision Production (100 degrees), and Mechanical Technologies (151 degrees). The most common associates degree concentration at Thaddeus Stevens College of Technology was HVAC Maintenance with 56 degrees awarded.
Diversity
The enrolled student population at Thaddeus Stevens College of Technology is 63.9% White, 15.8% Hispanic or Latino, 12.3% Black or African American, 4.54% Two or More Races, 1.1% Asian, 0.551% American Indian or Alaska Native, and 0.0688% Native Hawaiian or Other Pacific Islanders.
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Financial Considerations and Future Planning
To gauge a more realistic picture of what it really could cost you out of pocket to go to Thaddeus Stevens College of Technology, we've modeled a ten year student loan with an original principal value of \$11,732. The loan balance of \$11,732 is a two year multiple of the \$5,866 average net price. Based on these assumptions, a monthly repayment of \$133 could be required to pay off your student loan.
Read also: Navigating Stevens Institute of Technology Costs
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