Ross Medical Education Center-Madison Heights Financial Aid and Scholarships
Students Receiving Aid
64%
Total Aid Amount
$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%.
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