$3,711

Avg. Federal Grant

$6,429

Avg. Federal Loan

$820,430

Total Aid Awarded

Ross Medical Education Center-Madison Heights Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$820.430K

Financial Aid Official Website

www.rosseducation.edu

As many as 87% of the students at RMECMH get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,454,771 in a year. The total percentage of candidates applying to Ross Medical Education Center-Madison Heights who receive the Federal Grant is 74%. In comparison, 77% of the students are awarded the Student Grant, 53% get the Institution Grant, and 74% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,335, the State Grant receivers and Institution Grant beneficiaries get $5,440 and $362, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,224. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Ross Medical Education Center-Madison Heights, the percentage of candidates who opt to avail of student loans is around 80%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

N/A

Institution Grant Aid

34%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$3,711

State Grant Aid

N/A

Institution Grant Aid

$479

Pell Grant

$3,711

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,019

$30,001 - $48,000

N/A

$48,001 - $75,000

$843

$75,001 - $110,000

$1,285

Over $110,000

N/A

Student Loans for Ross Medical Education Center-Madison Heights

Average Loan Amount Average Loan Amount received per year.

$9,051/Year

Students Taking Out Loans

58%

Loan Default Rate

23.3%

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