by our College Data Analytics TeamA large number of students are not billed 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-Denver can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can PMI Denver deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to find out just how much financial aid will be open 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-Denver.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Pima Medical Institute-Denver, 75% of entering full-time freshmen got some type of financial assistance some 354 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $5,077 |
| Institutional grants & scholarships | 1% | $6,410 |
| Federal Pell grants | 55% | $4,908 |
| State/local grants | 2% | $3,319 |
| Federal student loans | 68% | $8,071 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At PMI Denver, roughly 44% of undergraduates were awarded an average grant or scholarship of $5,098 (covering around 559 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $5,098 |
| Federal Pell grants | 43% | $4,931 |
| Federal student loans | 50% | $8,947 |
On-campus students receiving title-IV aid were awarded grants averaging $4,442.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,707 |
| $30,001 – $75,000 | $23,068 |
| Over $75,000 | $24,862 |
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 | $22,034 |
| Off-campus title-IV students | $21,821 |
To project your own net price, use PMI Denver’s official net price calculator: secure.pmi.edu/npcalc/.
Graduating students at PMI Denver carry a median federal student debt of $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at PMI Denver.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $5,498 |
| 75th percentile | $12,673 |
| 90th percentile (highest-debt students) | $27,032 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,499 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. PMI Denver.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at PMI Denver:
| Metric | Value |
|---|---|
| Stafford loan recipients | 85962 |
| Total Stafford loan amount | $929,789,700 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 47 |
| Total GI Bill amount | $596,338 |
| Average GI Bill amount per recipient | $12,688 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.