by our College Data Analytics TeamMost students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Ross College-Canton can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Ross College-Canton offer, and what will you qualify for? Keep reading for more information. Keep reading to discover how much school funding could be available 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 Ross College-Canton.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
At Ross College-Canton, 91% of first-time, full-time freshmen received some form of financial aid approximately 176 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $4,595 |
| Institutional grants & scholarships | 2% | $700 |
| Federal Pell grants | 80% | $4,563 |
| State/local grants | 1% | $2,800 |
| Federal student loans | 84% | $6,187 |
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, roughly 76% of undergraduates were awarded grant or scholarship aid averaging $4,983 (across roughly 576 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $4,983 |
| Federal Pell grants | 76% | $4,967 |
| Federal student loans | 79% | $6,889 |
On-campus students receiving title-IV aid were awarded grants averaging $4,038.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $32,097 |
| $30,001 – $75,000 | $32,578 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,389 |
| Off-campus title-IV students | $33,812 |
For a customized cost estimate, visit Ross College-Canton’s net price calculator: rosseducation.edu/consumer-info/#npc.
A typical borrower at Ross College-Canton leaves with $7,719 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,719 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Ross College-Canton.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,596 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,609 |
| Middle income | $7,000 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,750 |
| Continuing-generation students | $7,221 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Ross College-Canton.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Ross College-Canton:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23511 |
| Total Stafford loan amount | $270,946,967 |
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 | 5 |
| Total GI Bill amount | $54,365 |
| Average GI Bill amount per recipient | $10,873 |
References
More about our data sources and methodologies.