by our College Data Analytics TeamA large number of students will not be asked to pay 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 total cost of going to Ross Medical Education Center - Ontario can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Ross - Ontario provide, and just what are you going to be eligible for? Read on for answers. Keep reading to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Ross Medical Education Center - Ontario.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Ross Medical Education Center - Ontario, 91% of entering full-time freshmen got some type of financial assistance roughly 41 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $4,419 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 78% | $4,419 |
| State/local grants | 0% | — |
| Federal student loans | 80% | $6,101 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Ross - Ontario, about 73% of undergraduates were awarded grant or scholarship aid averaging $4,406 (across roughly 63 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $4,406 |
| Federal Pell grants | 73% | $4,406 |
| Federal student loans | 63% | $6,249 |
Title-IV recipients living on campus saw average grant aid of $3,867.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,238 |
| Over $75,000 | $24,616 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,502 |
| Off-campus title-IV students | $22,346 |
For a personalized estimate based on your family’s financial situation, use Ross - Ontario’s NPC: rosseducation.edu/consumer-info/#npc.
A typical borrower at Ross - Ontario leaves with $7,719 of cumulative federal 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 percentiles below describe the cumulative federal debt distribution for borrowers at Ross - Ontario.
| 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 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| 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 |
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 Ross - Ontario.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Ross - Ontario:
| 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.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $13,886 |
| Average GI Bill amount per recipient | $13,886 |
References
More about our data sources and methodologies.