Medical Institute of Palm Beach

www.medicalinstitutepb.edu

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2022 Average Net Price

$27,939

After Financial Aid

2019 Default Rate

2.67%

on Student Loans

2022 Enrolled Students

115

100% Full-Time

About

Medical Institute of Palm Beach is a higher education institution located in Palm Beach County, FL. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Medical Institute of Palm Beach were Medical Assistant (37 degrees awarded) and Licensed Practical & Vocational Nurse Training (13 degrees).

In 2022, 246 degrees were awarded across all undergraduate and graduate programs at Medical Institute of Palm Beach. 92.7% of these degrees were awarded to women, and 7.32% awarded men. The most common race/ethnicity group of degree recipients was black or african american (124 degrees), 1.44 times more than then the next closest race/ethnicity group, hispanic or latino (86 degrees).

In 2019 the default rate for borrower's at Medical Institute of Palm Beach was 2.67%, corresponding to 2 out of the 75 total borrowers.

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

After taking grants and loans into account, the average net price for students is $27,939.

In 2022, 36% of undergraduate students attending Medical Institute of Palm Beach received financial aid through grants. Comparatively, 35% of undergraduate students received financial aid through loans.

Average Net Price

$27,939

2022 Value

12.7%

1 Year Growth

In 2022 Medical Institute of Palm Beach had an average net price — the price paid after factoring in grants and loans — of $27,939. Between 2021 and 2022, the average net price of Medical Institute of Palm Beach grew by 12.7%.

This chart compares the average net price of Medical Institute of Palm Beach (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Financial Aid by Income Level

36%

Undergraduates Receiving Financial Aid through Grants

35%

Undergraduates Receiving Financial Aid through Loans

36% of undergraduate students at Medical Institute of Palm Beach received financial aid through grants or loans in 2022. This represents a growth of 12.5% with respect to 2021, when 32% of undergraduate students received financial aid.

This chart compares the average award discount at Medical Institute of Palm Beach (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2.67%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Medical Institute of Palm Beach was 2.67%, which represents 2 out of the 75 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Medical Institute of Palm Beach had a total enrollment of 115 students in 2022. The full-time enrollment at Medical Institute of Palm Beach is 115 students and the part-time enrollment is 0. This means that 100% of students enrolled at Medical Institute of Palm Beach are enrolled full-time.

The enrolled student population at Medical Institute of Palm Beach, both undergraduate and graduate, is 54.8% Black or African American, 37.4% Hispanic or Latino, and 5.22% White.

Students enrolled at Medical Institute of Palm Beach in full-time Undergraduate programs are most commonly Black or African American Female (48.7%), followed by Hispanic or Latino Female (32.2%) and Black or African American Male (6.09%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Medical Institute of Palm Beach in 2022, both undergraduate and graduate, is 115 students. The full-time enrollment at Medical Institute of Palm Beach is 115 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at Medical Institute of Palm Beach (in red) compares to similar universities.

Retention Rate over Time

92%

2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Medical Institute of Palm Beach was 92%.

This chart shows the retention rate over time at Medical Institute of Palm Beach (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

Black or African American
63 enrolled students
Hispanic or Latino
43 enrolled students
White
6 enrolled students

The enrolled student population at Medical Institute of Palm Beach is 54.8% Black or African American, 37.4% Hispanic or Latino, and 5.22% White. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2022, 210 more women than men received degrees from Medical Institute of Palm Beach. The most common race/ethnicity group of degree recipients at Medical Institute of Palm Beach is black or african american (124 degrees awarded). There were 1.44 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (86 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Medical Institute of Palm Beach is Medical Assistant (37 degrees awarded), followed by Licensed Practical & Vocational Nurse Training (13 degrees).

In 2022, the most specialized majors across all degree types at Medical Institute of Palm Beach, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Health (246 degrees awarded).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Medical Institute of Palm Beach are Registered nurses (1,394,826 people), Medical & health services managers (151,000 people), Nurse practitioners & nurse midwives (140,626 people), Pharmacists (134,087 people), and Physicians (107,616 people).

The most specialized majors at Medical Institute of Palm Beach in 2022 are Health (246 degrees awarded) (as of 2022).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Medical Institute of Palm Beach are Surgeons, Physicians, Podiatrists, Nurse anesthetists, and Chief executives & legislators

The most specialized majors at Medical Institute of Palm Beach are Health (246 degrees awarded) (as of 2022).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Medical Institute of Palm Beach are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,482,206 people), Outpatient care centers (237,556 people), Elementary & secondary schools (215,578 people), Offices of physicians (201,917 people), and Colleges, universities & professional schools, including junior colleges (129,843 people).

The most specialized majors at Medical Institute of Palm Beach are Health (246 degrees awarded) (as of 2022).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Medical Institute of Palm Beach.

Most Common (2022)

Medical Assistant
37 degrees awarded
Licensed Practical & Vocational Nurse Training
13 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Medical Institute of Palm Beach was Medical Assistant with 37 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Medical Institute of Palm Beach according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

228

Degrees Awarded to Women

in 2022

In 2022, 18 degrees were awarded to men at Medical Institute of Palm Beach, which is 0.0789 times less than the number of degrees awarded to females (228).

This chart displays the sex disparity between the top 5 majors at Medical Institute of Palm Beach by degrees awarded.

Most Common Male Majors

In 2022, 9 degrees were awarded to men at Medical Institute of Palm Beach in Nursing Assistant & Patient Care Assistant, which is 0.072 times less than the 125 female recipients with that same degree.

Most Common Female Majors

In 2022, 125 degrees were awarded to men at Medical Institute of Palm Beach in Nursing Assistant & Patient Care Assistant, which is 13.9 times more than the 9 male recipients with that same degree.

Time to Complete

87%

100% Completion Time

93%

150% Completion Time

In 2022, 87% of students graduating from Medical Institute of Palm Beach completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 93% completed their degrees within 150% of the normal time, and 93% within 200%.

The following chart shows these completion rates over time compared to the average for the Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

Black or African American
124 degrees awarded
Hispanic or Latino
86 degrees awarded
White
32 degrees awarded

The most common race/ethnicity at Medical Institute of Palm Beach is black or african american (124 degrees awarded). There were 1.44 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (86 degrees).

1.22% of degree recipients (3 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

Black or African American Female
118 degrees awarded
Hispanic or Latino Female
79 degrees awarded
White Female
27 degrees awarded

The most common race/ethnicity and sex grouping at Medical Institute of Palm Beach is black or african american female (118 degrees awarded). There were 1.49 times more black or african american female recipients than the next closest race/ethnicity group, hispanic or latino female (79 degrees).

Operations

Salary Expenditure

$745k

2022 Salaries

44%

growth from 2021

In 2022, Medical Institute of Palm Beach paid a median of $745k in salaries, a 44% growth from the previous year. This is compared to a 13.7% decline between 2020 and 2021, and a 28.4% growth between 2019 and 2020.

The median for similar is 668k (13.2% of overall expenditures).

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