by our College Data Analytics TeamA large number of 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 Galen Health Institutes-Richmond can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financing options does Galen Health Institutes-Richmond offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover 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. Read on to get a sense of the financial assistance available at Galen Health Institutes-Richmond.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Galen Health Institutes-Richmond, 100% of entering full-time freshmen got some type of financial assistance approximately 17 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $9,860 |
| Institutional grants & scholarships | 65% | $5,998 |
| Federal Pell grants | 53% | $7,940 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $10,798 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, roughly 66% of undergrads got grants or scholarships worth on average $6,273 (across approximately 248 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $6,273 |
| Federal Pell grants | 51% | $5,098 |
| Federal student loans | 90% | $9,760 |
For on-campus title-IV students, average grant aid came to $8,120.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $40,170 |
| $30,001 – $75,000 | $38,847 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,843 |
| Off-campus title-IV students | $40,766 |
To get a personalized net price estimate, try Galen Health Institutes-Richmond’s net price tool: galencollege.studentaidcalculator.com/welcome.aspx.
The middle student in the debt distribution at Galen Health Institutes-Richmond owes $16,500 of federal student loans.
| 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.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Galen Health Institutes-Richmond.
| 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 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $16,190 |
| Middle income | $17,444 |
| High income | $16,166 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,500 |
| Continuing-generation students | $16,834 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,786 |
| Independent students | $18,832 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Galen Health Institutes-Richmond.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Galen Health Institutes-Richmond:
| Metric | Value |
|---|---|
| Stafford loan recipients | 35398 |
| Total Stafford loan amount | $645,788,696 |
References
More about our data sources and methodologies.