by our College Data Analytics TeamMany students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Ross Medical Education Center - Madison Heights can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can Ross - Madison Heights offer, and what will you qualify for? Keep reading for more information. Keep going to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Ross Medical Education Center - Madison Heights.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Ross Medical Education Center - Madison Heights, 77% of entering full-time freshmen got some type of financial assistance (about 127 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $4,690 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $4,656 |
| State/local grants | 1% | $2,000 |
| Federal student loans | 64% | $6,079 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, approximately 71% of undergrads got grants or scholarships worth on average $4,690 (for some 226 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $4,690 |
| Federal Pell grants | 70% | $4,714 |
| Federal student loans | 58% | $6,322 |
Title-IV recipients living on campus saw average grant aid of $4,513.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,341 |
| $30,001 – $75,000 | $20,238 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,427 |
| Off-campus title-IV students | $21,312 |
For a customized cost estimate, visit Ross - Madison Heights’s net price calculator: rosseducation.edu/consumer-info/#npc.
The median federal debt load at Ross - Madison Heights comes to $8,481 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,481 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Ross - Madison Heights.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,655 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,431 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,876 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Ross - Madison Heights.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Ross - Madison Heights:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9329 |
| Total Stafford loan amount | $73,355,629 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $1,815 |
| Average GI Bill amount per recipient | $1,815 |
References
More about our data sources and methodologies.