by our College Data Analytics TeamMost 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 total price of attendance at University of Arkansas for Medical Sciences can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can UAMS offer you, and what will you qualify for? Keep reading for more information. Scroll down 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. The figures below will help you estimate the aid you might receive from University of Arkansas for Medical Sciences.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At UAMS, some 48% of undergrads got grants or scholarships worth on average $5,309 (across approximately 661 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $5,309 |
| Federal Pell grants | 28% | $4,555 |
| Federal student loans | 33% | $5,852 |
The middle student in the debt distribution at UAMS owes $13,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $14,000 |
| Typical 10-year monthly payment (graduates) | $148.42/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 UAMS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,000 |
| 25th percentile | $7,500 |
| 75th percentile | $20,275 |
| 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 | $16,408 |
| Middle income | $12,500 |
| High income | $12,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,988 |
| Continuing-generation students | $13,231 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,395 |
| Independent students | $16,000 |
The figure below distills the debt data into a single burden category for UAMS.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at UAMS:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10225 |
| Total Stafford loan amount | $563,346,812 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 77 |
| Total GI Bill amount | $677,638 |
| Average GI Bill amount per recipient | $8,800 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 37 |
| Total DoD amount | $112,912 |
| Average DoD amount per recipient | $3,052 |
References
More about our data sources and methodologies.