by our College Data Analytics TeamMany students will not be asked to pay 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 cost of going to Bon Secours Memorial College of Nursing can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Bon Secours Memorial College of Nursing provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Bon Secours Memorial College of Nursing.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Bon Secours Memorial College of Nursing, roughly 64% of undergraduate students received gift aid averaging $3,531 (across approximately 336 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $3,531 |
| Federal Pell grants | 27% | $4,529 |
| Federal student loans | 41% | $8,312 |
The median federal debt load at Bon Secours Memorial College of Nursing comes to $23,933 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,933 |
| Median federal debt (graduates only) | $26,500 |
| Typical 10-year monthly payment (graduates) | $280.94/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Bon Secours Memorial College of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,176 |
| 25th percentile | $10,798 |
| 75th percentile | $33,750 |
| 90th percentile (highest-debt students) | $40,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $25,410 |
| Middle income | $27,931 |
| High income | $20,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,208 |
| Continuing-generation students | $26,120 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,841 |
| Independent students | $30,750 |
These indicators are derived from the underlying debt data and summarize the overall picture at Bon Secours Memorial College of Nursing.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Bon Secours Memorial College of Nursing:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1525 |
| Total Stafford loan amount | $28,128,934 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $96,484 |
| Average GI Bill amount per recipient | $9,648 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $2,305 |
| Average DoD amount per recipient | $1,153 |
References
More about our data sources and methodologies.