by our College Data Analytics TeamThe majority of students will never be charged 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 price tag of going to Ross Medical Education Center - Muncie can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Ross - Muncie offer, and what will you qualify for? Keep reading for more information. Keep going to discover how much school funding could be available 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 - Muncie.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Ross Medical Education Center - Muncie, 79% of first-year full-time students received aid of some kind (about 37 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $4,820 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 70% | $4,820 |
| State/local grants | 0% | — |
| Federal student loans | 55% | $6,553 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Ross - Muncie, about 68% of undergraduates were awarded an average grant or scholarship of $5,261 (for some 63 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $5,261 |
| Federal Pell grants | 68% | $5,261 |
| Federal student loans | 53% | $6,916 |
Title-IV recipients living on campus saw average grant aid of $4,304.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,215 |
| $30,001 – $75,000 | $18,921 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $19,286 |
| Off-campus title-IV students | $21,127 |
To project your own net price, use Ross - Muncie’s official net price calculator: rosseducation.edu/consumer-info/#npc.
The middle student in the debt distribution at Ross - Muncie owes $7,719 in federal student debt.
| 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.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Ross - Muncie.
| 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 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,609 |
| Middle income | $7,000 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,750 |
| Continuing-generation students | $7,221 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Ross - Muncie.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Ross - Muncie:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23511 |
| Total Stafford loan amount | $270,946,967 |
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 | 1 |
| Total GI Bill amount | $11,727 |
| Average GI Bill amount per recipient | $11,727 |
References
More about our data sources and methodologies.