by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to MedQuest College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can MedQuest College deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to see just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from MedQuest College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at MedQuest College, 100% of first-year full-time students received aid of some kind some 475 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $4,619 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $3,384 |
| State/local grants | 17% | $3,816 |
| Federal student loans | 65% | $1,810 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At MedQuest College, approximately 79% of undergraduates were awarded grant or scholarship aid averaging $6,225 (for some 469 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $6,225 |
| Federal Pell grants | 72% | $5,164 |
| Federal student loans | 71% | $8,260 |
Title-IV recipients living on campus saw average grant aid of $4,232.
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 | $18,983 |
| $30,001 – $75,000 | $17,764 |
| Over $75,000 | $22,304 |
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 | $21,782 |
| Off-campus title-IV students | $18,813 |
To get a personalized net price estimate, try MedQuest College’s net price tool: medquestcollege.edu/NetPriceCalculator/npcalc.htm.
A typical borrower at MedQuest College leaves with $9,196 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,196 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at MedQuest College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,529 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,223 |
| Middle income | $9,351 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,179 |
| Continuing-generation students | $9,350 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,499 |
The figure below distills the debt data into a single burden category for MedQuest College.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at MedQuest College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2725 |
| Total Stafford loan amount | $21,859,916 |
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 | 3 |
| Total GI Bill amount | $41,806 |
| Average GI Bill amount per recipient | $13,935 |
References
More about our data sources and methodologies.