by our College Data Analytics TeamMany 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 sum total of attendance at Soma Institute-The National School of Clinical Massage Therapy can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Soma Institute-The National School of Clinical Massage Therapy offer you, and what will you qualify for? Read on for more information. Keep reading to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Soma Institute-The National School of Clinical Massage Therapy.
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.
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Soma Institute-The National School of Clinical Massage Therapy, some 69% of undergraduates were awarded an average grant or scholarship of $4,423 (among about 332 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $4,423 |
| Federal Pell grants | 59% | $4,540 |
| Federal student loans | 53% | $5,087 |
The middle student in the debt distribution at Soma Institute-The National School of Clinical Massage Therapy owes $5,536 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,536 |
| Median federal debt (graduates only) | $7,916 |
| Typical 10-year monthly payment (graduates) | $83.92/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Soma Institute-The National School of Clinical Massage Therapy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,331 |
| 25th percentile | $4,582 |
| 75th percentile | $7,916 |
| 90th percentile (highest-debt students) | $7,916 |
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 | $6,012 |
| Middle income | $6,508 |
| High income | $4,582 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,012 |
| Continuing-generation students | $4,582 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,582 |
| Independent students | $7,916 |
These indicators are derived from the underlying debt data and summarize the overall picture at Soma Institute-The National School of Clinical Massage Therapy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Soma Institute-The National School of Clinical Massage Therapy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2494 |
| Total Stafford loan amount | $16,838,163 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $132,552 |
| Average GI Bill amount per recipient | $12,050 |
References
More about our data sources and methodologies.