by our College Data Analytics TeamMost 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 sum total of attendance at Pima Medical Institute-Phoenix can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financing solutions does PMI Phoenix provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to discover just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Pima Medical Institute-Phoenix.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Pima Medical Institute-Phoenix, 81% of first-time, full-time freshmen received some form of financial aid approximately 442 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 56% | $5,509 |
| Institutional grants & scholarships | 1% | $4,267 |
| Federal Pell grants | 54% | $5,217 |
| State/local grants | 3% | $5,440 |
| Federal student loans | 71% | $7,500 |
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 this school, roughly 49% of the undergraduate population received grant aid that averaged $5,572 (across approximately 733 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $5,572 |
| Federal Pell grants | 47% | $5,333 |
| Federal student loans | 56% | $7,843 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,344.
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 | $6,938 |
| $30,001 – $75,000 | $6,978 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $23,004 |
| Off-campus title-IV students | $22,366 |
To get a personalized net price estimate, try PMI Phoenix’s net price calculator: secure.pmi.edu/npcalc/.
A typical borrower at PMI Phoenix leaves with $5,500 of federal student 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. These percentiles trace how cumulative federal debt is spread among borrowers at PMI Phoenix.
| 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.
By Family Income
| 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 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,107 |
These indicators are derived from the underlying debt data and summarize the overall picture at PMI Phoenix.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at PMI Phoenix:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4983 |
| Total Stafford loan amount | $38,196,874 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 44 |
| Total GI Bill amount | $515,395 |
| Average GI Bill amount per recipient | $11,714 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.