Medical Institute of Palm Beach

www.medicalinstitutepb.edu

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2023 Average Net Price
$41,236
After Financial Aid
2022 Default Rate
0%
on Student Loans
2023 Enrolled Students
261
100% Full-Time

About

Medical Institute of Palm Beach is a higher education institution located in Palm Beach County, FL. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Medical Institute of Palm Beach were Licensed Practical & Vocational Nurse Training (69 degrees awarded) and Medical Assistant (18 degrees).

In 2023, 290 degrees were awarded across all undergraduate and graduate programs at Medical Institute of Palm Beach. 89% of these degrees were awarded to women, and 11% awarded men. The most common race/ethnicity group of degree recipients was black or african american (154 degrees), 1.4 times more than then the next closest race/ethnicity group, hispanic or latino (110 degrees).

In 2022 the default rate for borrower's at Medical Institute of Palm Beach was 0%, corresponding to 0 out of the 72 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 $41,236.

In 2023, 40% of undergraduate students attending Medical Institute of Palm Beach received financial aid through grants. Comparatively, 42% of undergraduate students received financial aid through loans.

Average Net Price

$41,236
2023 Value
47.6%
1 Year Growth

In 2023 Medical Institute of Palm Beach had an average net price — the price paid after factoring in grants and loans — of $41,236. Between 2022 and 2023, the average net price of Medical Institute of Palm Beach grew by 47.6%.

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.

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Financial Aid by Income Level

40%
Undergraduates Receiving Financial Aid through Grants
42%
Undergraduates Receiving Financial Aid through Loans

40% of undergraduate students at Medical Institute of Palm Beach received financial aid through grants or loans in 2023. This represents a growth of 11.1% with respect to 2022, when 36% 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.

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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.
0%
2022 Default Rate
0
Number of Defaults

In 2022 the default rate for borrower's at Medical Institute of Palm Beach was 0%, which represents 0 out of the 72 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.

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Enrollment

Medical Institute of Palm Beach had a total enrollment of 261 students in 2023. The full-time enrollment at Medical Institute of Palm Beach is 261 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 52.9% Black or African American, 42.5% Hispanic or Latino, 4.21% White, and 0.383% Asian.

Students enrolled at Medical Institute of Palm Beach in full-time Undergraduate programs are most commonly Black or African American Female (50.3%), followed by Hispanic or Latino Female (37.5%) and White Female (4.26%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Medical Institute of Palm Beach in 2023, both undergraduate and graduate, is 261 students. The full-time enrollment at Medical Institute of Palm Beach is 261 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.

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Retention Rate over Time

86%
2023 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 86%.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. Black or African American
    138 enrolled students
  2. Hispanic or Latino
    111 enrolled students
  3. White
    11 enrolled students

The enrolled student population at Medical Institute of Palm Beach is 52.9% Black or African American, 42.5% Hispanic or Latino, 4.21% White, and 0.383% Asian. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In 2023, 226 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 (154 degrees awarded). There were 1.4 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (110 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Medical Institute of Palm Beach is Licensed Practical & Vocational Nurse Training (69 degrees awarded), followed by Medical Assistant (18 degrees).

In 2023,  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 (290 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 (1,452,497 people), Medical & health services managers (156,128 people), Nurse practitioners & nurse midwives (152,116 people), Pharmacists (133,517 people), and Physicians (108,029 people).

The most specialized majors at Medical Institute of Palm Beach in 2023 are Health (290 degrees awarded) (as of 2023).

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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, Nurse anesthetists, Chief executives & legislators, and Dentists

The most specialized majors at Medical Institute of Palm Beach are Health (290 degrees awarded) (as of 2023).

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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 (1,536,621 people), Outpatient care centers (258,284 people), Elementary & secondary schools (226,258 people), Offices of physicians (202,794 people), and uninformed (201,610 people).

The most specialized majors at Medical Institute of Palm Beach are Health (290 degrees awarded) (as of 2023).

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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 (2023)
  1. Licensed Practical & Vocational Nurse Training
    69 degrees awarded
  2. Medical Assistant
    18 degrees awarded

In 2023, the most common 1 to 2 year postsecondary certificate concentration at Medical Institute of Palm Beach was Licensed Practical & Vocational Nurse Training with 69 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.

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Sex Breakdown for Common Majors

32
Degrees Awarded to Men
in 2023
258
Degrees Awarded to Women
in 2023

In 2023, 32 degrees were awarded to men at Medical Institute of Palm Beach, which is 0.124 times less than the number of degrees awarded to females (258).

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

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Most Common Male Majors

In 2023, 12 degrees were awarded to men at Medical Institute of Palm Beach in Nursing Assistant & Patient Care Assistant, which is 0.106 times less than the 113 female recipients with that same degree.

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Most Common Female Majors

In 2023, 113 degrees were awarded to men at Medical Institute of Palm Beach in Nursing Assistant & Patient Care Assistant, which is 9.42 times more than the 12 male recipients with that same degree.

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Time to Complete

85%
100% Completion Time
95%
150% Completion Time

In 2023, 85% 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, 95% completed their degrees within 150% of the normal time, and 95% 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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. Black or African American
    154 degrees awarded
  2. Hispanic or Latino
    110 degrees awarded
  3. White
    20 degrees awarded

The most common race/ethnicity at Medical Institute of Palm Beach is black or african american (154 degrees awarded). There were 1.4 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (110 degrees).

0.69% of degree recipients (2 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. Black or African American Female
    136 degrees awarded
  2. Hispanic or Latino Female
    100 degrees awarded
  3. Black or African American Male
    18 degrees awarded

The most common race/ethnicity and sex grouping at Medical Institute of Palm Beach is black or african american female (136 degrees awarded). There were 1.36 times more black or african american female recipients than the next closest race/ethnicity group, hispanic or latino female (100 degrees).

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Operations

Salary Expenditure

$812k
2023 Salaries
9.08%
growth from 2022

In 2023, Medical Institute of Palm Beach paid a median of $812k in salaries, a 9.08% growth from the previous year. This is compared to a 44% growth between 2021 and 2022, and a 13.7% decline between 2020 and 2021.

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