by our College Data Analytics TeamA lot 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 sum total of attendance at Institute of Medical Ultrasound can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will IMU provide, and just what are you going to be eligible for? Read on for answers. Keep reading to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Institute of Medical Ultrasound.
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.
For incoming first-year students at Institute of Medical Ultrasound, 100% of the incoming full-time class was awarded financial aid approximately 29 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,000 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $5,000 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $9,375 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 100% of the undergraduate population received grant aid that averaged $5,000 (covering around 29 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,000 |
| Federal Pell grants | 100% | $5,000 |
| Federal student loans | 100% | $9,375 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,000.
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 | $53,558 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $51,036 |
| Off-campus title-IV students | $53,558 |
To get a personalized net price estimate, try IMU’s online cost calculator: [imu.edu/about us](https://imu.edu/about us).
A typical borrower at IMU leaves with $12,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $20,000 |
| Typical 10-year monthly payment (graduates) | $212.03/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The figure below distills the debt data into a single burden category for IMU.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at IMU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 114 |
| Total Stafford loan amount | $1,284,230 |
References
More about our data sources and methodologies.