by our College Data Analytics TeamThe majority of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Galen Health Institutes-Wichita can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Galen Health Institutes-Wichita offer, and what will you qualify for? Keep reading for more information. Read on to learn what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Galen Health Institutes-Wichita.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Galen Health Institutes-Wichita, 95% of first-year full-time students received aid of some kind (about 21 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $6,784 |
| Institutional grants & scholarships | 27% | $4,202 |
| Federal Pell grants | 91% | $5,288 |
| State/local grants | 5% | $10,500 |
| Federal student loans | 82% | $8,858 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Galen Health Institutes-Wichita, approximately 77% of undergraduates were awarded grant or scholarship aid averaging $7,048 (across approximately 75 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $7,048 |
| Federal Pell grants | 65% | $5,363 |
| Federal student loans | 88% | $9,180 |
Title-IV recipients living on campus saw average grant aid of $6,784.
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 | $29,785 |
For a customized cost estimate, visit Galen Health Institutes-Wichita’s net price calculator: galencollege.studentaidcalculator.com/welcome.aspx.
The median federal debt load at Galen Health Institutes-Wichita comes to $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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Galen Health Institutes-Wichita.
| 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.
Median Debt by Income Bracket
| 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 |
A handful of calculated indicators summarize the debt outlook at Galen Health Institutes-Wichita.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Galen Health Institutes-Wichita:
| Metric | Value |
|---|---|
| Stafford loan recipients | 35398 |
| Total Stafford loan amount | $645,788,696 |
References
More about our data sources and methodologies.