by our College Data Analytics TeamMany 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 price of attendance at Ultrasound Medical Institute can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can NRI Institute offer you, and what will you qualify for? Keep reading for more information. Scroll down to find out just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Ultrasound Medical Institute.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Ultrasound Medical Institute, 100% of the incoming full-time class was awarded financial aid some 14 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $3,572 |
| Institutional grants & scholarships | 21% | $833 |
| Federal Pell grants | 100% | $3,393 |
| State/local grants | 0% | — |
| Federal student loans | 71% | $11,870 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At NRI Institute, some 69% of the undergraduate population received grant aid that averaged $6,391 (for some 127 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $6,391 |
| Federal Pell grants | 64% | $6,158 |
| Federal student loans | 71% | $10,593 |
For students living on campus and receiving title-IV aid, grants averaged $3,572.
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 | $33,936 |
For an estimate tailored to your family circumstances, see NRI Institute’s net price tool: nriinstitute.edu/.
The median student at NRI Institute graduates with $17,414 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,414 |
| Median federal debt (graduates only) | $20,000 |
| Typical 10-year monthly payment (graduates) | $212.03/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,750 |
The figure below distills the debt data into a single burden category for NRI Institute.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at NRI Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 315 |
| Total Stafford loan amount | $4,874,041 |
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 | $1,480 |
| Average GI Bill amount per recipient | $1,480 |
References
More about our data sources and methodologies.