STCC Student Accounts Office - Board of Higher Education Affordability Discloser Statement

Students who attend public higher education institutions in Massachusetts receive a substantial subsidy of the cost of their education through a state appropriation that reduces the cost of tuition and fees. The annual cost information below is provided about the "average" student as a way of showing that subsidy.

Full Annual Operating Cost (per student) $11,889.00
minus  
State Operating Subsidy $6,783.00 
equals  
Annual Tuition and Mandatory Fees $5,106.00 
minus  
Annual Direct Student Financial Aid (average) $4,267.00 
minus  
Federal Tax Credit $839.00 
equals  
Net Direct Price to Student $0.00

The annual estimated Federal Tax Credit for Springfield Technical Community College students and parents is $839.00. With this Federal Tax Credit benefit, the average annual cost becomes $0.00. This Federal Tax Credit is dependent on eligibility, is a credit on your tax return, and does NOT reduce the balance due the College. For more information about Federal Tax Credit eligibility, refer to the Internal Revenue Service instructions or ask your tax advisor.

Please note that the above is intended to be an example. Each individual student's cost will vary due to individual circumstances and the amount of Direct Student Financial Aid received.