by our College Data Analytics TeamThe majority 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 total price of attendance at Medical Career Institute can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can Medical Career Institute provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to find out just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Medical Career Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Medical Career Institute, 100% of entering full-time freshmen got some type of financial assistance approximately 14 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $6,403 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 93% | $5,692 |
| State/local grants | 14% | $4,626 |
| Federal student loans | 64% | $5,086 |
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 this school, approximately 36% of undergraduates were awarded an average grant or scholarship of $6,464 (across roughly 87 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 36% | $6,464 |
| Federal Pell grants | 6% | $31,780 |
| Federal student loans | 42% | $9,258 |
Graduating students at Medical Career Institute carry a median federal student debt of $6,473 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,473 |
| Median federal debt (graduates only) | $10,836 |
| Typical 10-year monthly payment (graduates) | $114.88/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Medical Career Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,517 |
| 25th percentile | $3,666 |
| 75th percentile | $6,333 |
| 90th percentile (highest-debt students) | $12,999 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,894 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,196 |
| Continuing-generation students | $11,581 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,550 |
| Independent students | $7,546 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Medical Career Institute.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Medical Career Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 692 |
| Total Stafford loan amount | $5,377,776 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.