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 total cost of going to Med College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financing solutions does Med Academy deliver, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down 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. Use the information below to understand how much financial assistance you may get from Med College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Med College, 100% of entering full-time freshmen got some type of financial assistance approximately 12 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $6,887 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 83% | $6,887 |
| State/local grants | 0% | — |
| Federal student loans | 100% | $9,255 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, around 76% of the undergraduate population received grant aid that averaged $6,477 (for some 227 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $6,477 |
| Federal Pell grants | 76% | $6,477 |
| Federal student loans | 92% | $10,082 |
For on-campus title-IV students, average grant aid came to $5,739.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $65,047 |
| $30,001 – $75,000 | $66,125 |
| Over $75,000 | $67,877 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $42,764 |
| Off-campus title-IV students | $65,555 |
For a personalized estimate based on your family’s financial situation, use Med Academy’s net price tool: www.medcollege.education/npcalc.htm.
Graduating students at Med Academy carry a median federal student debt of $17,828 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,828 |
| Median federal debt (graduates only) | $23,447 |
| Typical 10-year monthly payment (graduates) | $248.58/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Federal data publishes pre-calculated indicators that summarize debt outcomes. Med Academy.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Med Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 313 |
| Total Stafford loan amount | $4,897,549 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $70,922 |
| Average GI Bill amount per recipient | $8,865 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.