by our College Data Analytics TeamThe majority of students will never be charged 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 Medical Education Center - Lafayette can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will Ross - Lafayette provide, and just what are you going to be eligible for? Read on for answers. Scroll down to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Ross Medical Education Center - Lafayette.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Ross Medical Education Center - Lafayette, 88% of entering full-time freshmen got some type of financial assistance approximately 67 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $4,724 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 75% | $4,724 |
| State/local grants | 0% | — |
| Federal student loans | 61% | $7,118 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Ross - Lafayette, roughly 72% of the undergraduate population received grant aid that averaged $4,787 (across roughly 115 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $4,787 |
| Federal Pell grants | 72% | $4,787 |
| Federal student loans | 56% | $7,328 |
For on-campus title-IV students, average grant aid came to $4,345.
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 | $22,199 |
| $30,001 – $75,000 | $25,001 |
| Over $75,000 | $27,283 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $20,278 |
| Off-campus title-IV students | $22,329 |
For a customized cost estimate, visit Ross - Lafayette’s online cost calculator: rosseducation.edu/consumer-info/#npc.
The middle student in the debt distribution at Ross - Lafayette owes $9,389 in federal student debt.
| 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 |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Ross - Lafayette.
| 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 |
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 | $9,500 |
| Middle income | $7,908 |
| High income | $5,500 |
First-Generation Comparison
| 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 |
A handful of calculated indicators summarize the debt outlook at Ross - Lafayette.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Ross - Lafayette:
| 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 recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $26,075 |
| Average GI Bill amount per recipient | $13,038 |
References
More about our data sources and methodologies.