by our College Data Analytics TeamMost students will never be charged 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 Mount Sinai Phillips School of Nursing can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financing solutions does Phillips School of Nursing deliver, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see how much school funding could be available 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 Mount Sinai Phillips School of Nursing.
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.
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Phillips School of Nursing, roughly 85% of undergraduates were awarded grant or scholarship aid averaging $7,628 (for some 231 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $7,628 |
| Federal Pell grants | 1% | $3,698 |
| Federal student loans | 99% | $14,221 |
A typical borrower at Phillips School of Nursing leaves with $18,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,750 |
| Median federal debt (graduates only) | $19,750 |
| Typical 10-year monthly payment (graduates) | $209.38/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Phillips School of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $26,250 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,750 |
| Middle income | $19,938 |
| High income | $8,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,750 |
| Continuing-generation students | $20,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,993 |
| Independent students | $20,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Phillips School of Nursing.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Phillips School of Nursing:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1122 |
| Total Stafford loan amount | $16,110,337 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $27,036 |
| Average GI Bill amount per recipient | $13,518 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.