by our College Data Analytics TeamThe majority of students are not billed 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 sum total of attendance at Blessing Rieman College of Nursing and Health Sciences can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does BRCN provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to find out what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Blessing Rieman College of Nursing and Health Sciences.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At BRCN, around 95% of undergraduates were awarded grant or scholarship aid averaging $12,123 (among about 176 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $12,123 |
| Federal Pell grants | 36% | $3,796 |
| Federal student loans | 35% | $6,983 |
A typical borrower at BRCN leaves with $11,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,250 |
| Median federal debt (graduates only) | $13,000 |
| Typical 10-year monthly payment (graduates) | $137.82/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at BRCN.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $7,500 |
| 75th percentile | $19,000 |
| 90th percentile (highest-debt students) | $25,214 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,000 |
| Middle income | $13,000 |
| High income | $10,316 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,246 |
| Continuing-generation students | $11,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,000 |
| Independent students | $16,375 |
The figure below distills the debt data into a single burden category for BRCN.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at BRCN:
| Metric | Value |
|---|---|
| Stafford loan recipients | 733 |
| Total Stafford loan amount | $9,579,438 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $16,341 |
| Average GI Bill amount per recipient | $5,447 |
References
More about our data sources and methodologies.