by our College Data Analytics TeamA lot of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Bay Area Medical Academy can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Bay Area Medical Academy offer you, and what will you qualify for? Read on for more information. Scroll down to learn what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Bay Area Medical Academy.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Bay Area Medical Academy, 99% of the incoming full-time class was awarded financial aid some 102 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $11,934 |
| Institutional grants & scholarships | 72% | $5,565 |
| Federal Pell grants | 86% | $6,467 |
| State/local grants | 32% | $6,293 |
| Federal student loans | 22% | $6,456 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Bay Area Medical Academy, some 94% of undergraduates were awarded grant or scholarship aid averaging $13,723 (for some 292 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $13,723 |
| Federal Pell grants | 73% | $6,358 |
| Federal student loans | 24% | $6,562 |
Title-IV recipients living on campus saw average grant aid of $12,327.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $25,074 |
| $30,001 – $75,000 | $25,913 |
| Over $75,000 | $31,641 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,042 |
| Off-campus title-IV students | $25,327 |
For an estimate tailored to your family circumstances, see Bay Area Medical Academy’s NPC: www.bamasf.edu/npc/npcalc.htm.
Graduating students at Bay Area Medical Academy carry a median federal student debt of $8,291 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,291 |
| Median federal debt (graduates only) | $9,089 |
| Typical 10-year monthly payment (graduates) | $96.36/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Bay Area Medical Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,155 |
| 25th percentile | $4,649 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,791 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,010 |
These indicators are derived from the underlying debt data and summarize the overall picture at Bay Area Medical Academy.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Bay Area Medical Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 657 |
| Total Stafford loan amount | $4,366,753 |
References
More about our data sources and methodologies.