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 Pima Medical Institute-Albuquerque can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financing solutions does PMI Albuquerque provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep going to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Pima Medical Institute-Albuquerque.
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.
For freshmen starting at Pima Medical Institute-Albuquerque, 91% of entering full-time freshmen got some type of financial assistance (about 330 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $7,417 |
| Institutional grants & scholarships | 1% | $1,667 |
| Federal Pell grants | 76% | $5,266 |
| State/local grants | 21% | $8,334 |
| Federal student loans | 77% | $8,375 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, approximately 61% of the undergraduate population received grant aid that averaged $6,725 (across roughly 677 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $6,725 |
| Federal Pell grants | 59% | $5,303 |
| Federal student loans | 60% | $9,459 |
On-campus students receiving title-IV aid were awarded grants averaging $7,099.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,348 |
| $30,001 – $75,000 | $19,091 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,084 |
| Off-campus title-IV students | $20,348 |
For an estimate tailored to your family circumstances, see PMI Albuquerque’s official net price calculator: secure.pmi.edu/npcalc/.
A typical borrower at PMI Albuquerque leaves with $5,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,250 |
| Median federal debt (graduates only) | $5,500 |
| Typical 10-year monthly payment (graduates) | $58.31/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. The figures below chart the debt distribution at PMI Albuquerque.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,208 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
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 | $4,788 |
| Middle income | $5,348 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,750 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,457 |
| Independent students | $5,083 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. PMI Albuquerque.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at PMI Albuquerque:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4437 |
| Total Stafford loan amount | $37,746,588 |
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 | 33 |
| Total GI Bill amount | $459,047 |
| Average GI Bill amount per recipient | $13,911 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $4,000 |
| Average DoD amount per recipient | $4,000 |
References
More about our data sources and methodologies.