Over the past 7 years (2018-2023), the average number of students who received grants aid/scholarships is 170, which is 69.17 % of all undergraduate students. 52 students which is 21.67% of undergraduate students received federal student loans and the average loan amount is $9,385.
For full-time, first-time beginning students (freshmen), 93.20% 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 Mayo Clinic College of Medicine and Science since 2017.
For that period, the average number of students who received grants aid/scholarships is 170, which is 69.17 % of all undergraduate students. 52 students which is 21.67% of undergraduate students received federal student loans and the average loan amount is $9,385.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2017-18 | 155 (73%) | $3,474 | 20 (9%) | $3,529 | 75 (35%) | $8,720 |
| 2018-19 | 203 (94%) | $3,553 | 12 (6%) | $4,117 | 72 (33%) | $8,593 |
| 2019-20 | 116 (44%) | $6,418 | 12 (5%) | $4,031 | 47 (18%) | $8,569 |
| 2020-21 | 186 (66%) | $6,730 | 8 (3%) | $4,823 | 44 (16%) | $8,993 |
| 2021-22 | 169 (66%) | $10,046 | 6 (2%) | $3,526 | 40 (16%) | $10,028 |
| 2022-23 | 192 (72%) | $7,281 | 2 (1%) | $4,459 | 32 (12%) | $11,407 |
| Average | 170 (69.17%) | $6,250 | 10 (4.33%) | $4,081 | 52 (21.67%) | $9,385 |
For the last 7 years, on average, 24 (93.20 % of students) received grants or scholarships and its average amount is $2,136. It can cover 23.63% of tuition & fees ($9,040).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2017-18 | - | - | - | - |
| 2018-19 | 10 (100%) | $3,000 | - | - |
| 2019-20 | 25 (69%) | $1,500 | - | - |
| 2020-21 | 35 (97%) | $2,100 | - | - |
| 2021-22 | 22 (100%) | $2,182 | - | - |
| 2022-23 | 30 (100%) | $1,900 | - | - |
| Average | 24 (93.20%) | $2,136 | - | - |
The following table shows the trends of grants or scholarships over time. For the last 7 years,
| 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 | |
| 2017-18 | - | - | - | - | - | - | - | - |
| 2018-19 | - | - | - | - | - | - | 10 (100%) | $3,000 |
| 2019-20 | - | - | - | - | - | - | 25 (69%) | $1,500 |
| 2020-21 | - | - | - | - | - | - | 35 (97%) | $2,100 |
| 2021-22 | - | - | - | - | - | - | 22 (100%) | $2,182 |
| 2022-23 | - | - | - | - | - | - | 30 (100%) | $1,900 |
| Average | - | - | - | - | - | - | 24 (93.20%) | $2,136 |
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