by our College Data Analytics TeamA large number of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Harmony Health Care Institute can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Harmony Health Care Institute provide, and just what are you going to be eligible for? Keep reading for answers. Read on to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Harmony Health Care Institute.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Harmony Health Care Institute, 53% of entering full-time freshmen got some type of financial assistance (about 43 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 42% | $5,615 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 41% | $4,812 |
| State/local grants | 2% | $6,500 |
| Federal student loans | 47% | $6,695 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, around 36% of undergraduate students received gift aid averaging $6,242 (across roughly 79 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 36% | $6,242 |
| Federal Pell grants | 33% | $4,953 |
| Federal student loans | 41% | $7,348 |
On-campus students receiving title-IV aid were awarded grants averaging $4,457.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $40,681 |
| $30,001 – $75,000 | $43,196 |
| Over $75,000 | $46,797 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $42,740 |
| Off-campus title-IV students | $42,745 |
For a customized cost estimate, visit Harmony Health Care Institute’s online cost calculator: www.harmony-health.org/net-price-calculator.html.
Graduating students at Harmony Health Care Institute carry a median federal student debt of $12,264 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,264 |
| Median federal debt (graduates only) | $12,685 |
| Typical 10-year monthly payment (graduates) | $134.48/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,685 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Harmony Health Care Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Harmony Health Care Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 314 |
| Total Stafford loan amount | $2,953,732 |
References
More about our data sources and methodologies.