Scholarships, Grants, and Loan Trends at Aviation Institute of Maintenance-Charlotte

Over the past 4 years (2019-2022), the average number of students who received grants aid/scholarships is 60, which is 54.67 % of all undergraduate students. 76 students which is 67.33% of undergraduate students received federal student loans and the average loan amount is $7,997.

For full-time, first-time beginning students (freshmen), 68.33% of students received grants or scholarships and 89% of students received student loans.

School Home 2023 Financial Aid

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Aviation Institute of Maintenance-Charlotte since 2019.

For that period, the average number of students who received grants aid/scholarships is 60, which is 54.67 % of all undergraduate students. 76 students which is 67.33% of undergraduate students received federal student loans and the average loan amount is $7,997.

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
2019-20	16 (73%)	$8,077	16 (73%)	$5,779	19 (86%)	$8,048
2020-21	66 (36%)	$11,749	45 (24%)	$5,435	65 (35%)	$7,614
2021-22	99 (55%)	$5,482	97 (54%)	$5,031	145 (81%)	$8,328
Average	60 (54.67%)	$8,436	53 (50.33%)	$5,415	76 (67.33%)	$7,997

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

Overview

For the last 4 years, on average, 16 (68.33 % of students) received grants or scholarships and its average amount is $5,885. It can cover 35.33% of tuition & fees ($16,657).

In addition, 22 (88.67 % of students) students get helped from the students loans (average amount : $7,381).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2019-20	8 (80%)	$5,507	9 (90%)	$7,205
2020-21	25 (58%)	$6,982	37 (86%)	$7,576
2021-22	14 (67%)	$5,167	19 (90%)	$7,363
Average	16 (68.33%)	$5,885	22 (88.67%)	$7,381

^*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 4 years, on average, 16 (68.33 % of students) received Pell (federal) grants and its average amount is $5,234.

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
2019-20	8 (80%)	$4,870	4 (40%)	$1,275	-	-	-	-
2020-21	25 (58%)	$5,841	15 (35%)	$1,902	-	-	-	-
2021-22	14 (67%)	$4,992	8 (38%)	$306	-	-	-	-
Average	16 (68.33%)	$5,234	9 (37.67%)	$1,161	-	-	-	-

^*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 4 years, on average, 22 (88.67 % of students) get any students loan help and its average loan amount is $22.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2019-20	9 (90%)	$7,205	9 (90%)	$7,205	-	-
2020-21	37 (86%)	$7,576	37 (86%)	$7,182	2 (5%)	$7,280
2021-22	19 (90%)	$7,363	19 (90%)	$7,026	1 (5%)	$6,395
Average	22 (88.67%)	$7,381	22 (88.67%)	$7,138	2 (5.00%)	$6,838

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