Scholarships, Grants, and Loan Trends at MAC

Over the past 12 years (2011-2022), the average number of students who received grants aid/scholarships is 2,361, which is 66.82 % of all undergraduate students. 633 students which is 17.00% of undergraduate students received federal student loans and the average loan amount is $5,615.
For full-time, first-time beginning students (freshmen), 92.36% of students received grants or scholarships and 19% of students received student loans.
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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Mineral Area College since 2011.
For that period, the average number of students who received grants aid/scholarships is 2,361, which is 66.82 % of all undergraduate students. 633 students which is 17.00% of undergraduate students received federal student loans and the average loan amount is $5,615.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-123,125 (77%)$5,5532,240 (56%)$3,8481,026 (25%)$5,829
2012-132,819 (74%)$3,8652,027 (54%)$3,937982 (26%)$5,850
2013-142,765 (61%)$3,7251,847 (41%)$3,911875 (19%)$5,898
2014-152,785 (60%)$3,6701,773 (38%)$3,869822 (18%)$5,748
2015-162,514 (57%)$3,6731,453 (33%)$3,919679 (15%)$5,559
2016-172,426 (58%)$3,6921,378 (33%)$3,870657 (16%)$5,383
2017-182,169 (59%)$3,9131,212 (33%)$4,227558 (15%)$5,121
2018-191,985 (69%)$3,8771,096 (38%)$4,292429 (15%)$5,627
2019-201,902 (72%)$4,0501,059 (40%)$4,431381 (14%)$5,607
2020-211,755 (73%)$4,974897 (37%)$4,473305 (13%)$5,672
2021-221,722 (75%)$3,877800 (35%)$4,360246 (11%)$5,475
Average2,361 (66.82%)$4,0791,435 (39.82%)$4,103633 (17.00%)$5,615

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

For the last 12 years, on average, 599 (92.36 % of students) received grants or scholarships and its average amount is $5,030. It can cover 62.18% of tuition & fees ($8,090) based on out-of-state rate.
In addition, 132 (19.27 % of students) students get helped from the students loans (average amount : $4,936).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12790 (93%)$4,350208 (24%)$4,938
2012-13763 (93%)$4,385206 (25%)$5,063
2013-14685 (92%)$4,505173 (23%)$5,125
2014-15712 (93%)$4,740190 (25%)$5,162
2015-16557 (90%)$4,935119 (19%)$4,735
2016-17577 (91%)$4,988135 (21%)$4,898
2017-18545 (92%)$5,433124 (21%)$4,474
2018-19495 (93%)$5,50490 (17%)$5,374
2019-20540 (94%)$5,41789 (15%)$4,908
2020-21461 (91%)$5,52168 (13%)$4,723
2021-22464 (94%)$5,55347 (9%)$4,900
Average599 (92.36%)$5,030132 (19.27%)$4,936
*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.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 391 (59.36 % of students) received Pell (federal) grants and its average amount is $4,560.
In addition, 382 students received State/local government grants/scholarships (59.73 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12578 (68%)$4,2646 (1%)$869454 (53%)$1,258131 (15%)$3,018
2012-13541 (66%)$4,19713 (2%)$475417 (51%)$1,553139 (17%)$3,033
2013-14460 (62%)$4,28816 (2%)$518379 (51%)$1,812112 (15%)$3,735
2014-15511 (67%)$4,25126 (3%)$435449 (59%)$1,629127 (17%)$3,622
2015-16346 (56%)$4,31121 (3%)$471385 (62%)$1,848129 (21%)$4,155
2016-17385 (61%)$4,2478 (1%)$506373 (59%)$1,931145 (23%)$3,578
2017-18337 (57%)$4,88911 (2%)$511368 (62%)$2,115107 (18%)$4,951
2018-19312 (58%)$4,81825 (5%)$486331 (62%)$2,174100 (19%)$4,897
2019-20347 (60%)$4,91141 (7%)$280393 (68%)$2,03592 (16%)$4,452
2020-21247 (49%)$4,94353 (11%)$168324 (64%)$2,501115 (23%)$4,389
2021-22241 (49%)$5,03855 (11%)$266326 (66%)$2,815107 (22%)$4,019
Average391 (59.36%)$4,56025 (4.36%)$453382 (59.73%)$1,970119 (18.73%)$3,986
*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..
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 12 years, on average, 132 (19.27 % of students) get any students loan help and its average loan amount is $132.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12208 (24%)$4,938208 (24%)$4,938--
2012-13206 (25%)$5,063206 (25%)$5,063--
2013-14173 (23%)$5,125173 (23%)$5,125--
2014-15190 (25%)$5,162190 (25%)$5,162--
2015-16119 (19%)$4,735119 (19%)$4,735--
2016-17135 (21%)$4,898135 (21%)$4,898--
2017-18124 (21%)$4,474124 (21%)$4,474--
2018-1990 (17%)$5,37490 (17%)$5,374--
2019-2089 (15%)$4,90889 (15%)$4,908--
2020-2168 (13%)$4,72368 (13%)$4,723--
2021-2247 (9%)$4,90047 (9%)$4,900--
Average132 (19.27%)$4,936132 (19.27%)$4,936--
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