$4,134

Avg. Federal Grant

$6,352

Avg. Federal Loan

$4,098,972

Total Aid Awarded

Pima Medical Institute (PMI) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$4.099M

Financial Aid Official Website

https://pmi.edu/admissions/financial-aid

As many as 97% of the students at PMIA get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,213,086 in a year. The total percentage of candidates applying to Pima Medical Institute-Albuquerque who receive the Federal Grant is 81%. Meanwhile, 83% of the applicants receive the Student Grant and 4% are awarded the Institution Grant, while 81% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,242, while the same comes to $7,789 for State Grant receivers and $969 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,165. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 81% of the applicants to Pima Medical Institute-Albuquerque opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

66%

State Grant Aid

7%

Institution Grant Aid

1%

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$4,134

State Grant Aid

$5,675

Institution Grant Aid

$5,512

Pell Grant

$4,062

As per eligibility concerns, full-time undergraduate students at Pima Medical Institute can apply for certain grants, regardless of whether they are federal, state or institutional. With that said, there is a fair amount of data to show how these aids have better impacted the students’ financial performances.

  • Federal Grant: 66% of students receive Federal Grant at an average, with an average aid amount reaching about US$4,134.

  • State Grant: 7% of students receive State Grant, with the average amount reaching up to US$5,675.

  • Institutional Grant: 1% of students receive Institutional Grant at an average, with an average aid amount reaching about US$5,512.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,193

$30,001 - $48,000

$3,180

$48,001 - $75,000

$3,180

$75,001 - $110,000

$3,180

Over $110,000

N/A

The median federal aid provided to students is around US$3,180, with the amount for each family income between the ranges of US$30,000 - 110,000, however it is interesting to note that families who earn income below $US30,000 receive an average of US$3,193. Regrettably, there is no information regarding the aid amount awarded to families with income US$110,000 or higher. The average federal aid amounts to US$3,185.

Student Loans for Pima Medical Institute (PMI)

Average Loan Amount Average Loan Amount received per year.

$6,674/Year

Students Taking Out Loans

71%

Loan Default Rate

N/A

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