by our College Data Analytics TeamA large number of students are not billed 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 sum total of attendance at Ross Medical Education Center - Kokomo can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Ross - Kokomo offer you, and what will you qualify for? Keep reading for more information. Keep going 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. Use the information below to understand how much financial assistance you may get from Ross Medical Education Center - Kokomo.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Ross Medical Education Center - Kokomo, 80% of first-time, full-time freshmen received some form of financial aid around 41 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $5,314 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $5,314 |
| State/local grants | 0% | — |
| Federal student loans | 61% | $6,851 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Ross - Kokomo, about 69% of the undergraduate population received grant aid that averaged $5,041 (across approximately 73 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $5,041 |
| Federal Pell grants | 69% | $5,041 |
| Federal student loans | 57% | $6,350 |
On-campus students receiving title-IV aid were awarded grants averaging $4,728.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,700 |
| $30,001 – $75,000 | $24,288 |
| Over $75,000 | $27,410 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,729 |
| Off-campus title-IV students | $22,946 |
To project your own net price, use Ross - Kokomo’s official net price calculator: rosseducation.edu/consumer-info/#npc.
The middle student in the debt distribution at Ross - Kokomo owes $9,389 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,389 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Ross - Kokomo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 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 | $9,500 |
| Middle income | $7,908 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,460 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Ross - Kokomo.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Ross - Kokomo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5925 |
| Total Stafford loan amount | $45,290,468 |
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 | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.