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 sum total of attendance at Ultimate Medical Academy can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can UMA Clearwater provide, and just what are you going to be eligible for? Keep reading for answers. Read on to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Ultimate Medical Academy.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Ultimate Medical Academy, 82% of new full-time first-years were awarded at least some aid (about 9344 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $6,821 |
| Institutional grants & scholarships | 1% | $1,552 |
| Federal Pell grants | 79% | $6,831 |
| State/local grants | 0% | $1,056 |
| Federal student loans | 76% | $2,697 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, around 80% of undergraduates were awarded an average grant or scholarship of $6,718 (across approximately 27464 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $6,718 |
| Federal Pell grants | 80% | $6,721 |
| Federal student loans | 78% | $2,757 |
On-campus students receiving title-IV aid were awarded grants averaging $6,557.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,319 |
| $30,001 – $75,000 | $20,849 |
| Over $75,000 | $21,150 |
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 | $20,457 |
| Off-campus title-IV students | $19,350 |
For a customized cost estimate, visit UMA Clearwater’s NPC: www.ultimatemedical.edu/npcalc/npcalc.htm.
The middle student in the debt distribution at UMA Clearwater owes $11,969 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,969 |
| Median federal debt (graduates only) | $14,743 |
| Typical 10-year monthly payment (graduates) | $156.3/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at UMA Clearwater.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,264 |
| 25th percentile | $5,855 |
| 75th percentile | $16,870 |
| 90th percentile (highest-debt students) | $21,195 |
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 | $11,910 |
| Middle income | $12,688 |
| High income | $15,474 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,969 |
| Continuing-generation students | $12,236 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,879 |
| Independent students | $12,236 |
A handful of calculated indicators summarize the debt outlook at UMA Clearwater.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at UMA Clearwater:
| Metric | Value |
|---|---|
| Stafford loan recipients | 121171 |
| Total Stafford loan amount | $1,592,538,118 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 192 |
| Total GI Bill amount | $1,581,869 |
| Average GI Bill amount per recipient | $8,239 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $3,142 |
| Average DoD amount per recipient | $1,047 |
References
More about our data sources and methodologies.