STCC Student Accounts Office - Board of Higher Education Affordability Disclosure 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)||$14,615|
|State Operating Subsidy||$8,879|
|Annual Tuition and Mandatory Fees||$5,736|
|Annual Direct Student Financial Aid (average)||$4,447|
|Federal Tax Credit||$1,289|
|Net Direct Price to Student||$0|
The annual estimated Federal Tax Credit for Springfield Technical Community College students and parents is $1,289. 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.