$5,920

Avg. Federal Grant

$5,080

Avg. Federal Loan

$396,000

Total Aid Awarded

Galaxy Medical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$396.000K

Financial Aid Official Website

www.galaxymedicalcollege.edu/admissions/financial-aid/

Notably, 92% of the students at Galaxy Medical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $205,000. At GMC, the total percentage of applicants who receive the Federal Grant stands at 92%. Meanwhile, 92% of the applicants receive the Student Grant, while 92% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $6,094. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At GMC, an estimated number of 82% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

88%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

88%

Average Aid Awarded

Federal Grant Aid

$5,920

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,920

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,920

$30,001 - $48,000

$5,887

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Galaxy Medical College

Average Loan Amount Average Loan Amount received per year.

$5,080/Year

Students Taking Out Loans

73%

Loan Default Rate

17.5%

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