by our College Data Analytics TeamA lot 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 price tag of going to Gurnick Academy of Medical Arts can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will Gurnick Academy of Medical Arts provide, and just what are you going to be eligible for? Read on for answers. Keep scrolling to discover what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Gurnick Academy of Medical Arts.
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.
Among first-time, full-time freshmen at Gurnick Academy of Medical Arts, 84% of new full-time first-years were awarded at least some aid roughly 511 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $5,756 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 62% | $5,514 |
| State/local grants | 1% | $1,853 |
| Federal student loans | 80% | $8,082 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Gurnick Academy of Medical Arts, roughly 51% of undergraduates were awarded an average grant or scholarship of $3,872 (covering around 2376 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $3,872 |
| Federal Pell grants | 36% | $3,910 |
| Federal student loans | 47% | $5,762 |
Title-IV recipients living on campus saw average grant aid of $4,407.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $29,697 |
| $30,001 – $75,000 | $30,456 |
| Over $75,000 | $34,545 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $32,427 |
| Off-campus title-IV students | $31,100 |
For a customized cost estimate, visit Gurnick Academy of Medical Arts’s net price tool: www.gurnick.edu/npc/index.html.
The middle student in the debt distribution at Gurnick Academy of Medical Arts owes $16,832 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,832 |
| Median federal debt (graduates only) | $17,317 |
| Typical 10-year monthly payment (graduates) | $183.59/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Gurnick Academy of Medical Arts.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,108 |
| 75th percentile | $17,317 |
| 90th percentile (highest-debt students) | $17,317 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,248 |
| Middle income | $16,663 |
| High income | $12,017 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,833 |
| Continuing-generation students | $16,724 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,339 |
| Independent students | $17,317 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Gurnick Academy of Medical Arts.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Gurnick Academy of Medical Arts:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9296 |
| Total Stafford loan amount | $125,086,832 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 104 |
| Total GI Bill amount | $2,025,551 |
| Average GI Bill amount per recipient | $19,476 |
References
More about our data sources and methodologies.