by our College Data Analytics TeamThe majority of students will not be asked to pay 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 sum total of attendance at Ohio Medical Career College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can Ohio Medical Career College provide, and just what are you going to be eligible for? Keep reading for answers. Read on to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Ohio Medical Career College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Ohio Medical Career College, 89% of entering full-time freshmen got some type of financial assistance approximately 85 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $5,391 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 70% | $4,952 |
| State/local grants | 14% | $5,166 |
| Federal student loans | 75% | $7,223 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Ohio Medical Career College, roughly 92% of undergraduates were awarded grant or scholarship aid averaging $3,584 (covering around 247 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $3,584 |
| Federal Pell grants | 62% | $4,158 |
| Federal student loans | 68% | $7,456 |
On-campus students receiving title-IV aid were awarded grants averaging $4,096.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,780 |
| $30,001 – $75,000 | $17,947 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,456 |
| Off-campus title-IV students | $16,023 |
For a customized cost estimate, visit Ohio Medical Career College’s NPC: www.omcc.edu/finaid/netcalc/netcalc.htm.
A typical borrower at Ohio Medical Career College leaves with $12,402 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,402 |
| Median federal debt (graduates only) | $12,403 |
| Typical 10-year monthly payment (graduates) | $131.49/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Ohio Medical Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,668 |
| 25th percentile | $8,248 |
| 75th percentile | $13,125 |
| 90th percentile (highest-debt students) | $15,050 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,402 |
The figure below distills the debt data into a single burden category for Ohio Medical Career College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Ohio Medical Career College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 622 |
| Total Stafford loan amount | $7,980,975 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $14,140 |
| Average GI Bill amount per recipient | $14,140 |
References
More about our data sources and methodologies.