How Gemological Institute of America-New York'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 Gemological Institute of America-New York since 2013.

For that period, the average number of students who received grants aid/scholarships is 33, which is 17.11 % of all undergraduate students. 16 students which is 6.11% of undergraduate students received federal student loans and the average loan amount is $7,487.

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
2013-14	28 (8%)	$14,306	10 (3%)	$3,207	20 (6%)	$8,030
2014-15	31 (6%)	$6,621	16 (3%)	$3,959	27 (5%)	$7,733
2015-16	37 (10%)	$12,874	12 (3%)	$3,704	23 (6%)	$8,230
2016-17	51 (13%)	$10,963	14 (4%)	$4,031	25 (6%)	$8,986
2017-18	28 (8%)	$10,843	12 (3%)	$3,483	11 (3%)	$6,665
2018-19	26 (11%)	$10,075	12 (5%)	$4,643	13 (6%)	$6,058
2019-20	19 (12%)	$7,443	6 (4%)	$4,831	11 (7%)	$5,751
2020-21	26 (41%)	$7,614	5 (8%)	$2,718	4 (6%)	$8,125
2021-22	47 (45%)	$5,114	6 (6%)	$4,446	10 (10%)	$7,804
Average	33 (17.11%)	$9,539	10 (4.33%)	$3,891	16 (6.11%)	$7,487

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

Overview

For the last 10 years, on average, 16 (19.00 % of students) received grants or scholarships and its average amount is $9,339. It can cover 40.10% of tuition & fees ($23,290).

In addition, 11 (12.00 % of students) students get helped from the students loans (average amount : $11,017).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	24 (12%)	$8,662	19 (10%)	$11,918
2014-15	19 (11%)	$5,750	15 (8%)	$9,395
2015-16	17 (26%)	$7,171	15 (23%)	$10,424
2016-17	25 (16%)	$9,216	13 (8%)	$11,198
2017-18	20 (16%)	$11,360	6 (5%)	$13,114
2018-19	19 (18%)	$8,596	11 (11%)	$14,567
2019-20	7 (5%)	$17,263	9 (7%)	$10,149
2020-21	5 (24%)	$8,493	2 (10%)	$14,883
2021-22	10 (43%)	$7,536	6 (26%)	$3,502
Average	16 (19.00%)	$9,339	11 (12.00%)	$11,017

^*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 10 years, on average, 7 (7.00 % of students) received Pell (federal) grants and its average amount is $3,522.

In addition, 1 students received State/local government grants/scholarships (4.50 % 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
2013-14	8 (4%)	$3,584	15 (8%)	$1,800	-	-	8 (4%)	$19,027
2014-15	12 (7%)	$3,764	14 (8%)	$1,643	-	-	3 (2%)	$13,692
2015-16	6 (9%)	$4,499	10 (15%)	$1,400	-	-	6 (9%)	$13,485
2016-17	8 (5%)	$3,642	10 (6%)	$1,231	-	-	15 (9%)	$12,596
2017-18	10 (8%)	$3,044	8 (6%)	$1,544	-	-	12 (10%)	$15,367
2018-19	10 (10%)	$4,507	14 (14%)	$1,714	-	-	6 (6%)	$15,710
2019-20	2 (2%)	$4,925	2 (2%)	$1,125	-	-	6 (5%)	$18,124
2020-21	1 (5%)	$141	2 (10%)	$1,260	1 (5%)	$1,000	2 (10%)	$19,402
2021-22	3 (13%)	$3,596	10 (43%)	$2,093	1 (4%)	$21,818	1 (4%)	$21,818
Average	7 (7.00%)	$3,522	9 (12.44%)	$1,534	1 (4.50%)	$11,409	7 (6.56%)	$16,580

^*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 10 years, on average, 11 (12.00 % of students) get any students loan help and its average loan amount is $11.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	19 (10%)	$11,918	19 (10%)	$7,770	6 (3%)	$13,137
2014-15	15 (8%)	$9,395	15 (8%)	$7,395	2 (1%)	$15,000
2015-16	15 (23%)	$10,424	13 (20%)	$7,838	4 (6%)	$13,614
2016-17	13 (8%)	$11,198	12 (8%)	$8,623	5 (3%)	$8,419
2017-18	6 (5%)	$13,114	6 (5%)	$6,274	3 (2%)	$13,679
2018-19	11 (11%)	$14,567	10 (10%)	$6,764	5 (5%)	$18,520
2019-20	9 (7%)	$10,149	7 (5%)	$4,828	4 (3%)	$14,386
2020-21	2 (10%)	$14,883	1 (5%)	$4,766	1 (5%)	$25,000
2021-22	6 (26%)	$3,502	6 (26%)	$3,502	-	-
Average	11 (12.00%)	$11,017	10 (10.78%)	$6,418	4 (3.50%)	$15,219

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Scholarships, Grants, and Loan Trends at Gemological Institute of America-New York

All Undergraduate Students Financial Aid Over Time

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