Scholarships, Grants, and Loan Trends at MMU

6%

Received Percent Changed

$10,239

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 650, which is 91.22 % of all undergraduate students. 556 students which is 78.22% of undergraduate students received federal student loans and the average loan amount is $7,480.

For full-time, first-time beginning students (freshmen), 99.78% of students received grants or scholarships and 81% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Mount Mary University since 2014.

For that period, the average number of students who received grants aid/scholarships is 650, which is 91.22 % of all undergraduate students. 556 students which is 78.22% of undergraduate students received federal student loans and the average loan amount is $7,480.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15663 (83%)$16,383423 (53%)$4,406586 (73%)$7,178
2015-16695 (93%)$17,642433 (58%)$4,476579 (78%)$7,254
2016-17712 (95%)$17,636414 (55%)$4,504572 (77%)$7,061
2017-18655 (94%)$19,463420 (60%)$4,830544 (78%)$7,230
2018-19640 (92%)$19,641433 (63%)$4,797533 (77%)$6,872
2019-20601 (91%)$20,872392 (59%)$4,818491 (75%)$6,884
2020-21603 (94%)$21,633399 (62%)$4,985533 (83%)$6,899
2021-22643 (90%)$23,006429 (60%)$4,915579 (81%)$9,996
2022-23635 (89%)$26,622413 (58%)$5,276584 (82%)$7,942
Average650 (91.22%)$20,322417 (58.67%)$4,779556 (78.22%)$7,480
*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.

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

For the last 10 years, on average, 143 (99.78 % of students) received grants or scholarships and its average amount is $23,099. It can cover 65.21% of tuition & fees ($35,420).

In addition, 116 (81.33 % of students) students get helped from the students loans (average amount : $5,616).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15154 (100%)$20,327127 (82%)$5,460
2015-16146 (100%)$22,258110 (75%)$5,570
2016-17118 (100%)$22,64095 (81%)$6,379
2017-18122 (100%)$23,73099 (81%)$5,467
2018-19140 (99%)$23,039121 (85%)$5,371
2019-20124 (99%)$23,95795 (76%)$5,675
2020-21139 (100%)$20,006119 (86%)$5,737
2021-22190 (100%)$23,897132 (69%)$5,082
2022-23155 (100%)$28,033150 (97%)$5,807
Average143 (99.78%)$23,099116 (81.33%)$5,616
*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 10 years, on average, 101 (70.44 % of students) received Pell (federal) grants and its average amount is $4,968.

In addition, 105 students received State/local government grants/scholarships (73.11 % 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
2014-1598 (64%)$4,6837 (5%)$653114 (74%)$3,343154 (100%)$14,842
2015-1699 (68%)$4,88916 (11%)$830110 (75%)$3,321146 (100%)$16,350
2016-1769 (58%)$4,6769 (8%)$80770 (59%)$3,496118 (100%)$17,770
2017-1895 (78%)$5,05620 (16%)$70093 (76%)$3,234122 (100%)$17,213
2018-19109 (77%)$5,16527 (19%)$640103 (73%)$3,394140 (99%)$16,397
2019-2096 (77%)$5,135112 (90%)$85292 (74%)$3,524124 (99%)$16,597
2020-21100 (72%)$5,22270 (50%)$1,55199 (71%)$3,757126 (91%)$14,112
2021-22132 (69%)$4,59721 (11%)$1,350129 (68%)$3,323190 (100%)$18,298
2022-23110 (71%)$5,28727 (17%)$741137 (88%)$3,209155 (100%)$21,316
Average101 (70.44%)$4,96834 (25.22%)$903105 (73.11%)$3,400142 (98.78%)$16,988
*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 10 years, on average, 116 (81.33 % of students) get any students loan help and its average loan amount is $116.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15127 (82%)$5,460127 (82%)$5,2763 (2%)$7,800
2015-16110 (75%)$5,570110 (75%)$5,0896 (4%)$8,809
2016-1795 (81%)$6,37995 (81%)$5,1158 (7%)$15,012
2017-1899 (81%)$5,46799 (81%)$5,0443 (2%)$13,973
2018-19121 (85%)$5,371121 (85%)$5,0284 (3%)$10,377
2019-2095 (76%)$5,67595 (76%)$4,9027 (6%)$10,479
2020-21119 (86%)$5,737119 (86%)$5,0645 (4%)$16,005
2021-22132 (69%)$5,082131 (69%)$4,7595 (3%)$9,466
2022-23150 (97%)$5,807150 (97%)$5,0548 (5%)$14,114
Average116 (81.33%)$5,616116 (81.33%)$5,0375 (4.00%)$11,782

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