by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at The University of Texas MD Anderson Cancer Center can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financing options does MD Anderson offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to see 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 The University of Texas MD Anderson Cancer Center.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, roughly 66% of undergraduates were awarded grant or scholarship aid averaging $4,878 (across approximately 211 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $4,878 |
| Federal Pell grants | 34% | $6,956 |
| Federal student loans | 34% | $8,439 |
The median federal debt load at MD Anderson comes to $12,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $12,500 |
| Typical 10-year monthly payment (graduates) | $132.52/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at MD Anderson.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,000 |
| 25th percentile | $7,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $25,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,750 |
| High income | $11,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,375 |
| Continuing-generation students | $12,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,000 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for MD Anderson.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at MD Anderson:
| Metric | Value |
|---|---|
| Stafford loan recipients | 938 |
| Total Stafford loan amount | $12,827,475 |
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 | 2 |
| Total GI Bill amount | $7,640 |
| Average GI Bill amount per recipient | $3,820 |
References
More about our data sources and methodologies.