by our College Data Analytics TeamA large number 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 Institute of Palm Beach can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can Medical Institute of Palm Beach offer, and what will you qualify for? Keep reading for more information. Keep reading to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Medical Institute of Palm Beach.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Medical Institute of Palm Beach, 19% of new full-time first-years were awarded at least some aid some 84 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 19% | $4,692 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 19% | $4,692 |
| State/local grants | 0% | — |
| Federal student loans | 19% | $6,689 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Medical Institute of Palm Beach, some 31% of undergraduates were awarded grant or scholarship aid averaging $4,732 (among about 180 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $4,732 |
| Federal Pell grants | 31% | $4,732 |
| Federal student loans | 31% | $6,899 |
Title-IV recipients living on campus saw average grant aid of $4,637.
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 | $41,007 |
| $30,001 – $75,000 | $41,482 |
| Over $75,000 | $45,542 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $41,985 |
| Off-campus title-IV students | $41,411 |
For a personalized estimate based on your family’s financial situation, use Medical Institute of Palm Beach’s official net price calculator: www.medicalinstitutepb.edu/Calculator.html.
The median federal debt load at Medical Institute of Palm Beach comes to $5,975 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,975 |
| Median federal debt (graduates only) | $6,417 |
| Typical 10-year monthly payment (graduates) | $68.03/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Medical Institute of Palm Beach.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,364 |
| 25th percentile | $3,721 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,617 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,417 |
| Continuing-generation students | $5,520 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,428 |
These indicators are derived from the underlying debt data and summarize the overall picture at Medical Institute of Palm Beach.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Medical Institute of Palm Beach:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1271 |
| Total Stafford loan amount | $9,397,715 |
References
More about our data sources and methodologies.