by our College Data Analytics TeamA large number of 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 price tag of going to Galaxy Medical College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can Galaxy Medical College provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Galaxy Medical College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Galaxy Medical College, 93% of new full-time first-years were awarded at least some aid some 53 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $7,395 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 93% | $7,395 |
| State/local grants | 0% | — |
| Federal student loans | 82% | $9,402 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 95% of undergraduate students received gift aid averaging $7,395 (among about 75 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $7,395 |
| Federal Pell grants | 95% | $7,395 |
| Federal student loans | 67% | $9,402 |
Title-IV recipients living on campus saw average grant aid of $7,395.
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 | $11,331 |
| $30,001 – $75,000 | $11,331 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $11,687 |
| Off-campus title-IV students | $11,331 |
For a personalized estimate based on your family’s financial situation, use Galaxy Medical College’s net price calculator: galaxymedicalcollege.edu/net-price-calculator/npcalc.htm.
The middle student in the debt distribution at Galaxy Medical College owes $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Federal data publishes pre-calculated indicators that summarize debt outcomes. Galaxy Medical College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Galaxy Medical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 230 |
| Total Stafford loan amount | $1,901,233 |
References
More about our data sources and methodologies.