by our College Data Analytics TeamThe majority of students will never be charged 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 price of attendance at Medical Allied Career Center can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Medical Allied Career Center provide, and just what are you going to be eligible for? Read on for answers. Scroll down to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Medical Allied Career Center.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Medical Allied Career Center, 100% of the incoming full-time class was awarded financial aid some 44 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,341 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $5,341 |
| State/local grants | 0% | — |
| Federal student loans | 82% | $7,945 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Medical Allied Career Center, roughly 82% of undergrads got grants or scholarships worth on average $4,408 (among about 76 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $4,408 |
| Federal Pell grants | 82% | $4,408 |
| Federal student loans | 91% | $8,191 |
On-campus students receiving title-IV aid were awarded grants averaging $5,341.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $28,372 |
| $30,001 – $75,000 | $31,267 |
| Over $75,000 | $34,897 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $34,458 |
| Off-campus title-IV students | $29,617 |
To project your own net price, use Medical Allied Career Center’s net price tool: www.medicalallied.edu/financial-aid/#netcalc.
The median federal debt load at Medical Allied Career Center comes to $17,130 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,130 |
| Median federal debt (graduates only) | $17,130 |
| Typical 10-year monthly payment (graduates) | $181.61/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 figures below chart the debt distribution at Medical Allied Career Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $10,246 |
| 75th percentile | $17,130 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,130 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Medical Allied Career Center.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Medical Allied Career Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 387 |
| Total Stafford loan amount | $5,365,623 |
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 | 0 |
| Total GI Bill amount | $0 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.