by our College Data Analytics TeamMost students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at New York Medical Career Training Center can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can New York Medical Career Training Center deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from New York Medical Career Training Center.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at New York Medical Career Training Center, 77% of the incoming full-time class was awarded financial aid around 146 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 33% | $3,268 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 33% | $3,268 |
| State/local grants | 0% | — |
| Federal student loans | 72% | $6,600 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, some 28% of undergraduate students received gift aid averaging $8,595 (across roughly 145 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 28% | $8,595 |
| Federal Pell grants | 28% | $7,216 |
| Federal student loans | 54% | $11,936 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $1,908.
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 | $26,074 |
| $30,001 – $75,000 | $29,917 |
| Over $75,000 | $29,949 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,089 |
| Off-campus title-IV students | $29,174 |
To project your own net price, use New York Medical Career Training Center’s NPC: www.nymedtraining.com/net-price-calculator/.
Graduating students at New York Medical Career Training Center carry a median federal student debt of $12,239 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,239 |
| Median federal debt (graduates only) | $14,282 |
| Typical 10-year monthly payment (graduates) | $151.41/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at New York Medical Career Training Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,324 |
| 25th percentile | $4,652 |
| 75th percentile | $14,750 |
| 90th percentile (highest-debt students) | $23,307 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,379 |
| Middle income | $14,282 |
| High income | $21,684 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,014 |
| Continuing-generation students | $14,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,459 |
| Independent students | $14,406 |
These indicators are derived from the underlying debt data and summarize the overall picture at New York Medical Career Training Center.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at New York Medical Career Training Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1610 |
| Total Stafford loan amount | $16,212,807 |
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 | 1 |
| Total GI Bill amount | $9,200 |
| Average GI Bill amount per recipient | $9,200 |
References
More about our data sources and methodologies.