by our College Data Analytics TeamA lot of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Pima Medical Institute-Aurora can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will PMI Aurora deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to discover what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Pima Medical Institute-Aurora.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Pima Medical Institute-Aurora, 90% of first-year full-time students received aid of some kind approximately 162 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,456 |
| Institutional grants & scholarships | 1% | $1,000 |
| Federal Pell grants | 66% | $4,970 |
| State/local grants | 4% | $6,794 |
| Federal student loans | 77% | $7,700 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At PMI Aurora, around 54% of the undergraduate population received grant aid that averaged $5,226 (across roughly 266 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $5,226 |
| Federal Pell grants | 53% | $4,793 |
| Federal student loans | 55% | $7,380 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,422.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,635 |
| $30,001 – $75,000 | $16,796 |
| Over $75,000 | $25,958 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $23,255 |
| Off-campus title-IV students | $21,668 |
For a personalized estimate based on your family’s financial situation, use PMI Aurora’s online cost calculator: secure.pmi.edu/npcalc/.
Graduating students at PMI Aurora carry a median federal student debt of $5,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $8,521 |
| Typical 10-year monthly payment (graduates) | $90.34/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at PMI Aurora.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,537 |
| 25th percentile | $4,889 |
| 75th percentile | $9,499 |
| 90th percentile (highest-debt students) | $10,525 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,001 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,107 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. PMI Aurora.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at PMI Aurora:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4983 |
| Total Stafford loan amount | $38,196,874 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $71,489 |
| Average GI Bill amount per recipient | $8,936 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.