Financial Aid
A Quality Education at Morrison Tech is An Affordable Education
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When considering Morrison Tech, many students and parents might question if Morrison Tech is affordable. The return on your investment is an often overlooked, additional factor to consider.
Many colleges, in particular community colleges seem to offer lower initial costs but, have you considered their retention and completion rates? Community colleges provide a good example of schools with very low retention rates along very low graduation and placement rates.
Morrison Tech has established itself as one of the highest quality colleges based on its high retention rates, its high graduation rates and most importantly its high placement rate which exceeds 90%.
In our “Quick Facts” it is noted the average starting graduate salary exceeds $45,000. The payback period is defined as the time required to recoup money invested, the break-even point. A one year payback on a two year investment suggests an education at Morrison Tech affordable.
Our goal is to see its students complete their education and achieve employment opportunities for the future. That is why many of our graduates actually achieve higher starting salaries then many 4-year graduates.
In order to make these goals affordable, the college offers several financing options that are available to those students that qualify. Many of these options are grants and scholarships that do not need to paid back. Our Financial Aid office will work with each individual to determine the package of aid that will best suit your needs and also, if necessary, meet parent's financial obligations.
Financial Aid Office
Morrison's commitment to your success is shown within every staff member. As a college we are here to guide you on the road to a successful career. Our Financial Aid Director, Lisa Kramer, will meet with you personally and as often as necessary. She will work with you to determine the most effective and practical plan that meets your needs. If necessary, she will consult with parents to establish a financial plan that will fall within their financial picture and goals. This will consist of creating a financial package that will make your education affordable The Financial Aid Office is willing and capable to assist you in making those decisions. It is strongly advices to complete the FAFSA, Federal Application for Federal Student Aid. This form may be found at www.fafsa.gov. Morrison Tech’s FAFSA code is 008880.
The Financial Aid Office is located in the Administrative wing of the Technical Center. You may also contact the office by email, mail or by phone:
Morrison Institute of Technology
Financial Aid Office
701 Portland Ave
Morrison, IL 61270
Phone: 815-772-7218 ext 203
Fax: 815-772-7584
Fiscal Operations Office
Visit the Fiscal Operations office, located in the Administrative Wing of Tech Center, to pay bills, set up payment plans and get questions answered regarding your account. You may also contact this office by emailing, Mail or by phone:
Morrison Institute of Technology
Fiscal Operations Office
701 Portland Ave
Morrison, IL 61270
Phone: 815-772-7218 ext. 200
Fax: 815-772-7584