by our College Data Analytics TeamMany students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Ross Medical Education Center - New Baltimore can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Ross - New Baltimore offer, and what will you qualify for? Keep reading for more information. Keep reading to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Ross Medical Education Center - New Baltimore.
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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Ross Medical Education Center - New Baltimore, 82% of entering full-time freshmen got some type of financial assistance approximately 28 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $5,112 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 74% | $4,992 |
| State/local grants | 3% | $3,000 |
| Federal student loans | 68% | $6,153 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Ross - New Baltimore, approximately 64% of undergraduate students received gift aid averaging $5,468 (covering around 38 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $5,468 |
| Federal Pell grants | 63% | $5,534 |
| Federal student loans | 56% | $6,312 |
For students living on campus and receiving title-IV aid, grants averaged $4,806.
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 | $21,772 |
| $30,001 – $75,000 | $21,606 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,604 |
| Off-campus title-IV students | $21,755 |
To project your own net price, use Ross - New Baltimore’s online cost calculator: rosseducation.edu/consumer-info/#npc.
The median federal debt load at Ross - New Baltimore comes to $8,481 in federal loans.
| 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.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Ross - New Baltimore.
| 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 |
Median debt varies by family income, by first-generation status, and by dependency status.
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 |
Dependent vs Independent Students
| 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 - New Baltimore.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Ross - New Baltimore:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9329 |
| Total Stafford loan amount | $73,355,629 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $34,569 |
| Average GI Bill amount per recipient | $11,523 |
References
More about our data sources and methodologies.