Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,857, which is 91.00 % of all undergraduate students.
For full-time, first-time beginning students (freshmen), 95.89% of students received grants or scholarships and 0% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at College of Micronesia-FSM since 2014.
For that period, the average number of students who received grants aid/scholarships is 1,857, which is 91.00 % of all undergraduate students.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2014-15 | 2,192 (94%) | $4,595 | 2,151 (92%) | $4,431 | - | - |
| 2015-16 | 2,195 (99%) | $4,740 | 2,151 (97%) | $4,588 | - | - |
| 2016-17 | 1,867 (89%) | $2,618 | 1,867 (89%) | $2,578 | - | - |
| 2017-18 | 1,805 (89%) | $3,190 | 1,794 (89%) | $2,641 | - | - |
| 2018-19 | 1,699 (88%) | $2,760 | 1,680 (87%) | $2,714 | - | - |
| 2019-20 | 1,661 (87%) | $2,986 | 1,617 (85%) | $2,783 | - | - |
| 2020-21 | 1,643 (88%) | $3,813 | 1,624 (87%) | $2,655 | - | - |
| 2021-22 | 1,815 (93%) | $3,366 | 1,594 (82%) | $2,825 | - | - |
| 2022-23 | 1,834 (92%) | $2,831 | 1,267 (63%) | $3,016 | - | - |
| Average | 1,857 (91.00%) | $3,433 | 1,749 (85.67%) | $3,137 | - | - |
For the last 10 years, on average, 503 (95.89 % of students) received grants or scholarships and its average amount is $5,852. It can cover 115.88% of tuition & fees ($5,050) based on out-of-state rate.
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2014-15 | 418 (100%) | $5,381 | - | - |
| 2015-16 | 478 (96%) | $5,656 | - | - |
| 2016-17 | 573 (96%) | $5,383 | - | - |
| 2017-18 | 547 (96%) | $5,703 | - | - |
| 2018-19 | 576 (95%) | $5,958 | - | - |
| 2019-20 | 544 (95%) | $6,230 | - | - |
| 2020-21 | 482 (96%) | $7,591 | - | - |
| 2021-22 | 539 (100%) | $6,955 | - | - |
| 2022-23 | 373 (89%) | $3,810 | - | - |
| Average | 503 (95.89%) | $5,852 | - | - |
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 495 (94.11 % of students) received Pell (federal) grants and its average amount is $5,529.
In addition, 65 students received State/local government grants/scholarships (12.11 % of students).
| Year | Federal (Pell) Grants | Other Federal | State/Local government | Institutional | ||||
|---|---|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2014-15 | 413 (99%) | $5,266 | - | - | 19 (5%) | $969 | 80 (19%) | $700 |
| 2015-16 | 476 (96%) | $5,604 | - | - | 136 (27%) | $266 | - | - |
| 2016-17 | 573 (96%) | $5,252 | - | - | 222 (37%) | $339 | - | - |
| 2017-18 | 545 (95%) | $5,651 | - | - | 64 (11%) | $627 | - | - |
| 2018-19 | 572 (94%) | $5,990 | - | - | 6 (1%) | $900 | - | - |
| 2019-20 | 543 (95%) | $6,195 | - | - | 34 (6%) | $747 | - | - |
| 2020-21 | 482 (96%) | $5,947 | 482 (96%) | $1,633 | 5 (1%) | $1,023 | - | - |
| 2021-22 | 520 (96%) | $6,438 | 296 (55%) | $1,127 | 40 (7%) | $1,684 | - | - |
| 2022-23 | 332 (80%) | $3,415 | 124 (30%) | $1,085 | 59 (14%) | $1,640 | 70 (17%) | $801 |
| Average | 495 (94.11%) | $5,529 | 301 (60.33%) | $1,282 | 65 (12.11%) | $911 | 75 (18.00%) | $751 |
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