by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Pima Medical Institute-Renton can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will PMI Renton offer you, and what will you qualify for? Read on for more information. Read on to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Pima Medical Institute-Renton.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Pima Medical Institute-Renton, 83% of first-time, full-time freshmen received some form of financial aid around 228 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $5,030 |
| Institutional grants & scholarships | 1% | $2,055 |
| Federal Pell grants | 52% | $4,631 |
| State/local grants | 5% | $5,485 |
| Federal student loans | 77% | $7,226 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at PMI Renton, about 39% of undergraduate students received gift aid averaging $4,813 (across approximately 311 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $4,813 |
| Federal Pell grants | 37% | $4,583 |
| Federal student loans | 50% | $7,903 |
Title-IV recipients living on campus saw average grant aid of $3,980.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $31,096 |
| $30,001 – $75,000 | $30,314 |
| Over $75,000 | $31,720 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $31,578 |
| Off-campus title-IV students | $30,731 |
To project your own net price, use PMI Renton’s official net price calculator: secure.pmi.edu/npcalc/.
A typical borrower at PMI Renton leaves with $9,500 of federal borrowing.
| 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 |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at PMI Renton.
| 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 |
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 | $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 |
A handful of calculated indicators summarize the debt outlook at PMI Renton.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at PMI Renton:
| Metric | Value |
|---|---|
| Stafford loan recipients | 85962 |
| Total Stafford loan amount | $929,789,700 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 35 |
| Total GI Bill amount | $319,321 |
| Average GI Bill amount per recipient | $9,123 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,300 |
| Average DoD amount per recipient | $1,300 |
References
More about our data sources and methodologies.