by our College Data Analytics TeamMost 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 Mount Carmel College of Nursing can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can Mount Carmel College of Nursing offer, and what will you qualify for? Keep reading for more information. Keep scrolling to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Mount Carmel College of Nursing.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Mount Carmel College of Nursing, 96% of entering full-time freshmen got some type of financial assistance roughly 25 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $11,498 |
| Institutional grants & scholarships | 50% | $8,342 |
| Federal Pell grants | 65% | $6,076 |
| State/local grants | 73% | $3,185 |
| Federal student loans | 62% | $5,875 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Mount Carmel College of Nursing, some 58% of undergraduates were awarded an average grant or scholarship of $9,763 (across approximately 331 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $9,763 |
| Federal Pell grants | 33% | $5,867 |
| Federal student loans | 65% | $8,758 |
For on-campus title-IV students, average grant aid came to $11,026.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,812 |
| $30,001 – $75,000 | $9,691 |
| Over $75,000 | $16,909 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $10,420 |
| Off-campus title-IV students | $12,939 |
For an estimate tailored to your family circumstances, see Mount Carmel College of Nursing’s NPC: carmelink.mccn.edu/ICS/Admissions/Financial_Services.jnz.
A typical borrower at Mount Carmel College of Nursing leaves with $21,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $21,000 |
| Median federal debt (graduates only) | $22,082 |
| Typical 10-year monthly payment (graduates) | $234.11/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Mount Carmel College of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,875 |
| 75th percentile | $26,976 |
| 90th percentile (highest-debt students) | $33,429 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $21,931 |
| Middle income | $21,500 |
| High income | $18,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,000 |
| Continuing-generation students | $20,496 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,732 |
| Independent students | $22,082 |
These indicators are derived from the underlying debt data and summarize the overall picture at Mount Carmel College of Nursing.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Mount Carmel College of Nursing:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3428 |
| Total Stafford loan amount | $69,275,471 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $139,929 |
| Average GI Bill amount per recipient | $17,491 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $5,000 |
| Average DoD amount per recipient | $2,500 |
References
More about our data sources and methodologies.