Over the past 6 years (2019-2023), the average number of students who received grants aid/scholarships is 27, which is 96.40 % of all undergraduate students. 10 students which is 30.50% of undergraduate students received federal student loans and the average loan amount is $8,075.
For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 31% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at Health-Tech Institute of Memphis since 2018.
For that period, the average number of students who received grants aid/scholarships is 27, which is 96.40 % of all undergraduate students. 10 students which is 30.50% of undergraduate students received federal student loans and the average loan amount is $8,075.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2018-19 | 45 (100%) | $6,160 | 18 (40%) | $6,095 | 9 (20%) | $6,856 |
| 2019-20 | 27 (82%) | $4,300 | 25 (76%) | $3,645 | 18 (55%) | $7,178 |
| 2020-21 | 28 (100%) | $8,885 | 24 (86%) | $5,808 | 12 (43%) | $8,767 |
| 2021-22 | 28 (100%) | $9,000 | 19 (68%) | $6,345 | 1 (4%) | $9,500 |
| 2022-23 | 5 (100%) | $5,614 | - | - | - | - |
| Average | 27 (96.40%) | $6,792 | 22 (67.50%) | $5,473 | 10 (30.50%) | $8,075 |
For the last 6 years, on average, 5 (100.00 % of students) received grants or scholarships and its average amount is $8,881. It can cover 65.58% of tuition & fees ($13,542).
In addition, 2 (31.00 % of students) students get helped from the students loans (average amount : $8,117).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2018-19 | 8 (100%) | $9,837 | 2 (25%) | $9,500 |
| 2019-20 | 5 (100%) | $7,558 | 3 (60%) | $8,083 |
| 2020-21 | 3 (100%) | $9,610 | 1 (33%) | $9,500 |
| 2021-22 | 6 (100%) | $11,787 | 1 (17%) | $9,500 |
| 2022-23 | 5 (100%) | $5,614 | 1 (20%) | $4,000 |
| Average | 5 (100.00%) | $8,881 | 2 (31.00%) | $8,117 |
The following table shows the trends of grants or scholarships over time. For the last 6 years, on average, 4 (73.00 % of students) received Pell (federal) grants and its average amount is $5,006.
In addition, 4 students received State/local government grants/scholarships (79.00 % 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 | |
| 2018-19 | 2 (25%) | $6,095 | - | - | 7 (88%) | $4,000 | 6 (75%) | $6,418 |
| 2019-20 | 5 (100%) | $5,166 | - | - | 2 (40%) | $4,000 | 2 (40%) | $1,981 |
| 2020-21 | 3 (100%) | $3,876 | 2 (67%) | $4,101 | 2 (67%) | $3,250 | 2 (67%) | $1,250 |
| 2021-22 | 4 (67%) | $4,888 | - | - | 6 (100%) | $4,167 | 5 (83%) | $5,234 |
| 2022-23 | - | - | - | - | 5 (100%) | $874 | 5 (100%) | $4,740 |
| Average | 4 (73.00%) | $5,006 | 2 (67.00%) | $4,101 | 4 (79.00%) | $3,258 | 4 (73.00%) | $3,925 |
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 6 years, on average, 2 (31.00 % of students) get any students loan help and its average loan amount is $2.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2018-19 | 2 (25%) | $9,500 | 2 (25%) | $9,500 | - | - |
| 2019-20 | 3 (60%) | $8,083 | 3 (60%) | $8,083 | - | - |
| 2020-21 | 1 (33%) | $9,500 | 1 (33%) | $9,500 | - | - |
| 2021-22 | 1 (17%) | $9,500 | 1 (17%) | $9,500 | - | - |
| 2022-23 | 1 (20%) | $4,000 | - | - | 1 (20%) | $4,000 |
| Average | 2 (31.00%) | $8,117 | 2 (33.75%) | $9,146 | 1 (20.00%) | $4,000 |
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