How Med Academy's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Med Academy since 2015.

For that period, the average number of students who received grants aid/scholarships is 78, which is 85.14 % of all undergraduate students. 81 students which is 86.71% of undergraduate students received federal student loans and the average loan amount is $7,327.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2015-16	24 (75%)	$7,061	18 (56%)	$4,527	24 (75%)	$6,288
2016-17	23 (92%)	$3,490	20 (80%)	$3,388	22 (88%)	$6,091
2017-18	53 (87%)	$4,542	53 (87%)	$4,395	56 (92%)	$7,843
2018-19	50 (74%)	$9,882	50 (74%)	$3,698	48 (71%)	$6,442
2019-20	84 (98%)	$4,384	69 (80%)	$5,338	82 (95%)	$8,637
2020-21	170 (89%)	$3,445	129 (68%)	$4,541	163 (86%)	$7,501
2021-22	141 (81%)	$3,221	141 (81%)	$3,221	175 (100%)	$8,484
Average	78 (85.14%)	$5,146	69 (75.14%)	$4,158	81 (86.71%)	$7,327

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 8 years, on average, 21 (87.86 % of students) received grants or scholarships and its average amount is $4,993. It can cover 22.36% of tuition & fees ($22,330).

In addition, 23 (96.71 % of students) students get helped from the students loans (average amount : $7,123).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2015-16	13 (65%)	$6,008	18 (90%)	$5,695
2016-17	20 (95%)	$4,013	20 (95%)	$6,700
2017-18	17 (100%)	$4,826	17 (100%)	$7,879
2018-19	9 (75%)	$5,535	12 (100%)	$8,051
2019-20	15 (100%)	$5,338	15 (100%)	$7,928
2020-21	67 (80%)	$4,871	77 (92%)	$7,339
2021-22	5 (100%)	$4,357	5 (100%)	$6,267
Average	21 (87.86%)	$4,993	23 (96.71%)	$7,123

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 8 years, on average, 21 (87.86 % of students) received Pell (federal) grants and its average amount is $4,639.

In addition, 2 students received State/local government grants/scholarships (10.00 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2015-16	13 (65%)	$4,339	-	-	2 (10%)	$10,850	-	-
2016-17	20 (95%)	$3,388	-	-	-	-	2 (10%)	$6,250
2017-18	17 (100%)	$4,642	2 (12%)	$1,250	-	-	2 (12%)	$313
2018-19	9 (75%)	$5,535	-	-	-	-	-	-
2019-20	15 (100%)	$5,338	-	-	-	-	-	-
2020-21	67 (80%)	$4,871	-	-	-	-	-	-
2021-22	5 (100%)	$4,357	-	-	-	-	-	-
Average	21 (87.86%)	$4,639	2 (12.00%)	$1,250	2 (10.00%)	$10,850	2 (11.00%)	$3,282

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

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 8 years, on average, 23 (96.71 % of students) get any students loan help and its average loan amount is $23.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2015-16	18 (90%)	$5,695	18 (90%)	$5,695	-	-
2016-17	20 (95%)	$6,700	20 (95%)	$6,700	-	-
2017-18	17 (100%)	$7,879	17 (100%)	$7,879	-	-
2018-19	12 (100%)	$8,051	12 (100%)	$8,051	-	-
2019-20	15 (100%)	$7,928	15 (100%)	$7,928	-	-
2020-21	77 (92%)	$7,339	77 (92%)	$7,339	-	-
2021-22	5 (100%)	$6,267	5 (100%)	$6,267	-	-
Average	23 (96.71%)	$7,123	23 (96.71%)	$7,123	-	-

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Scholarships, Grants, and Loan Trends at Med Academy

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time