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 price tag of going to Midwest College of Oriental Medicine-Racine can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does MCOM - Racine offer you, and what will you qualify for? Keep scrolling for more information. Read on to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Midwest College of Oriental Medicine-Racine.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 67% of undergraduates were awarded an average grant or scholarship of $6,779 (among about 2 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $6,779 |
| Federal Pell grants | 67% | $6,779 |
| Federal student loans | 67% | $11,500 |
The middle student in the debt distribution at MCOM - Racine owes $15,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at MCOM - Racine.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $8,334 |
| 75th percentile | $29,168 |
A handful of calculated indicators summarize the debt outlook at MCOM - Racine.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at MCOM - Racine:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1025 |
| Total Stafford loan amount | $67,520,926 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $7,600 |
| Average GI Bill amount per recipient | $7,600 |
References
More about our data sources and methodologies.