Tuition and Cost to Attend MedTech College Ft Wayne Campus

Annual Total Cost

The annual total list price cost to go to MedTech College Ft Wayne Campus was $26,205 for the 2013/2014 academic year. The cost is the same for all students regardless of Indiana residence status as there is no in-state discount. Students residing at home with parents providing food and housing can expect a total cost of $15,648.

Undergraduate Tuition

Tuition for MedTech College Ft Wayne Campus is $15,155 for the 2013/2014 academic year. This is 9% more expensive than the national average private for-profit two year college tuition of $13,855. The cost is $7,287 and 93% more expensive than the average Indiana tuition of $7,868 for 2 year colleges. Tuition ranks 20th in Indiana amongst 2 year colleges for affordability and is the 4th most expensive 2 year college in the state. Price does not vary by residence.

The school charges an additional fees of $493 in addition to tuition bringing the total effective in-state tuition to $15,648.

Housing Costs

MedTech College Ft Wayne Campus doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Ft. Wayne area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $10,557.

Books and Supplies

The estimated annual cost for books and supplies is $0.

Costs and Tuition for MedTech College Ft Wayne Campus
Expenditure Price
Indiana Resident Total Cost (Off Campus Housing)$26,205
   In-State Tuition$15,155
   Other Fees$493
   Off-Campus Housing Estimate$10,557
   Books and Supplies$0
Indiana Resident Total Cost (Living with Parents)$15,648
   In-State Tuition$15,155
   Other Fees$493
   Family Provided Room and Board$0
   Books and Supplies$0
Non-Resident Total Cost (Off Campus Housing)$26,205
   Out-of-State Tuition$15,155
   Other Fees$493
   Off-Campus Housing Estimate$10,557
   Books and Supplies$0

All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $26,205 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported MedTech College Ft Wayne Campus net price for in-state students receiving aid was $23,520* for the 2010/2011 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

81% of MedTech College Ft Wayne Campus students received grant aid in 2010/2011. The average total aid amount was $5,268. 79 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $4,245. To apply for a Pell Grant to attend MedTech College Ft Wayne Campus, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for MedTech College Ft Wayne Campus
Financial Aid Summary
Average Annual Net Price$23,520*
Percent of Students Receiving Grant Aid81%
Average Total Grant Aid$5,268
Percent of Students Receiving Pell Grants79%
Average Amount of Pell Grant Aid$4,245

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last reported for the 2011-2012 academic year.

Family Income Avg. Net Price
$0 to $30,000$24,953
$30,001 to $48,000$29,148
$48,001 to $75,000$30,781
$75,001 to $110,000$29,558
$110,000+n/a

Average Financial Aid Mix - $26,205 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $26,205. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

20%
33%
47%

Grants and Scholarships

 20% - $5,268

Money granted to you by the U.S. Department of Education, MedTech College Ft Wayne Campus or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 33% - $8,683

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 47% -  $12,254

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.


Tuition Comparison to Academically Similar Schools in the Region

School Cost vs. MedTech College Ft Wayne Campus
Harrison College Elkhart5.9% more expensive
Brown Mackie College Findlay25.4% less expensive
Stautzenberger College Maumee32.7% less expensive
Miami Jacobs Career College Troy23% less expensive
International Business College Indianapolis8.4% less expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at MedTech College Ft Wayne Campus.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at MedTech College Ft Wayne Campus is $52,410 for students graduating in normal time. This methodology for estimating the 2 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $23,520 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $47,040**

**Based on a 2 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at MedTech College Ft Wayne Campus are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at MedTech College Ft Wayne Campus
Price per credit hour$263
Cost for one class (3 credit hours)$789
Cost for one class (4 credit hours)$1,052



Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 94% of MedTech College Ft Wayne Campus students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $8,683.

Example Loan Payments and Costs

How much are student loan payments for MedTech College Ft Wayne Campus? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $47,040, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $58,938.15. This could be your effective total out of pocket cost of an education at MedTech College Ft Wayne Campus. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 81% of students at this school who receive financial aid and you are paying an average annual net price of $23,520. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our MedTech College Ft Wayne Campus student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

MedTech College Ft Wayne Campus Student Loan Payments
Example Payments
Monthly Loan Payment$491.15
Amount Borrowed$47,040.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$11,898.15
Sum of All Payments over 10 years$58,938.15

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend MedTech College Ft Wayne Campus? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending MedTech College Ft Wayne Campus, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $58,938.15 would be needed to afford a $491.15 monthly payment in the example $47,040.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to MedTech College Ft Wayne Campus in the future? Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 2 year cost of $52,410.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for MedTech College Ft Wayne Campus.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$34,281$68,562
Estimated Cost in 10 years for students enrolling in 2024$43,752$87,505
Estimated Cost in 15 years for students enrolling in 2029 $55,840$111,681
Estimated Cost in 18 years for students enrolling in 2032 $64,642$129,284

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at MedTech College Ft Wayne Campus to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Licensed Practical/Vocational Nurse Training Associate's Degree 55 42% costlier
Registered Nursing/Registered Nurse Associate's Degree 44 41% costlier
Medical Insurance Coding Specialist/Coder Associate's Degree 38 23% costlier
Medical/Clinical Assistant Associate's Degree 29 33% costlier
Clinical Laboratory Science/Medical Technology/Technologist Associate's Degree 17 56% costlier

Calculators

Use the calculators below to formulate a college savings plan for MedTech College Ft Wayne Campus or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford MedTech College Ft Wayne Campus in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a MedTech College Ft Wayne Campus student loan.

Prepayment Option

About MedTech College Ft Wayne Campus

MedTech College Ft Wayne Campus is a two year private college located in Ft. Wayne, Indiana.  Full time enrollment is 502 and part time is 40.  MedTech College Ft Wayne Campus has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

Only undergraduate degrees are offered at this school.

Address
MedTech College Ft Wayne Campus
7230 Engle Rd # 200
Ft. Wayne, Indiana
46804

For Profit / Not For Profit Status

MedTech College Ft Wayne Campus is a private, for profit school.

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