by our College Data Analytics TeamA large number 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 total cost of going to Galen Health Institutes-Myrtle Beach can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Galen Health Institutes-Myrtle Beach provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to discover how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Galen Health Institutes-Myrtle Beach.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Galen Health Institutes-Myrtle Beach, 95% of new full-time first-years were awarded at least some aid (about 71 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $8,718 |
| Institutional grants & scholarships | 21% | $2,750 |
| Federal Pell grants | 69% | $6,816 |
| State/local grants | 1% | $4,000 |
| Federal student loans | 89% | $8,915 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Galen Health Institutes-Myrtle Beach, roughly 87% of undergrads got grants or scholarships worth on average $7,641 (across roughly 550 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $7,641 |
| Federal Pell grants | 50% | $5,488 |
| Federal student loans | 79% | $9,016 |
Title-IV recipients living on campus saw average grant aid of $8,570.
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 | $35,749 |
| $30,001 – $75,000 | $41,097 |
| Over $75,000 | $42,536 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $25,662 |
| Off-campus title-IV students | $41,961 |
For an estimate tailored to your family circumstances, see Galen Health Institutes-Myrtle Beach’s official net price calculator: galencollege.studentaidcalculator.com/welcome.aspx.
The middle student in the debt distribution at Galen Health Institutes-Myrtle Beach owes $16,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,500 |
| Median federal debt (graduates only) | $24,166 |
| Typical 10-year monthly payment (graduates) | $256.2/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 four reference points below map the debt distribution at Galen Health Institutes-Myrtle Beach.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $24,166 |
| 90th percentile (highest-debt students) | $33,943 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,190 |
| Middle income | $17,444 |
| High income | $16,166 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,500 |
| Continuing-generation students | $16,834 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,786 |
| Independent students | $18,832 |
The figure below distills the debt data into a single burden category for Galen Health Institutes-Myrtle Beach.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Galen Health Institutes-Myrtle Beach:
| Metric | Value |
|---|---|
| Stafford loan recipients | 35398 |
| Total Stafford loan amount | $645,788,696 |
References
More about our data sources and methodologies.