How Health-Tech Institute of Memphis'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 Health-Tech Institute of Memphis since 2018.

For that period, the average number of students who received grants aid/scholarships is 32, which is 95.50 % of all undergraduate students. 10 students which is 30.50% of undergraduate students received federal student loans and the average loan amount is $8,075.

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
2018-19	45 (100%)	$6,160	18 (40%)	$6,095	9 (20%)	$6,856
2019-20	27 (82%)	$4,300	25 (76%)	$3,645	18 (55%)	$7,178
2020-21	28 (100%)	$8,885	24 (86%)	$5,808	12 (43%)	$8,767
2021-22	28 (100%)	$9,000	19 (68%)	$6,345	1 (4%)	$9,500
Average	32 (95.50%)	$7,086	22 (67.50%)	$5,473	10 (30.50%)	$8,075

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

Overview

For the last 5 years, on average, 6 (100.00 % of students) received grants or scholarships and its average amount is $9,698. It can cover 71.61% of tuition & fees ($13,542).

In addition, 2 (33.75 % of students) students get helped from the students loans (average amount : $9,146).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2018-19	8 (100%)	$9,837	2 (25%)	$9,500
2019-20	5 (100%)	$7,558	3 (60%)	$8,083
2020-21	3 (100%)	$9,610	1 (33%)	$9,500
2021-22	6 (100%)	$11,787	1 (17%)	$9,500
Average	6 (100.00%)	$9,698	2 (33.75%)	$9,146

^*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 5 years, on average, 4 (73.00 % of students) received Pell (federal) grants and its average amount is $5,006.

In addition, 4 students received State/local government grants/scholarships (73.75 % 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
2018-19	2 (25%)	$6,095	-	-	7 (88%)	$4,000	6 (75%)	$6,418
2019-20	5 (100%)	$5,166	-	-	2 (40%)	$4,000	2 (40%)	$1,981
2020-21	3 (100%)	$3,876	2 (67%)	$4,101	2 (67%)	$3,250	2 (67%)	$1,250
2021-22	4 (67%)	$4,888	-	-	6 (100%)	$4,167	5 (83%)	$5,234
Average	4 (73.00%)	$5,006	2 (67.00%)	$4,101	4 (73.75%)	$3,854	4 (66.25%)	$3,721

^*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 5 years, on average, 2 (33.75 % of students) get any students loan help and its average loan amount is $2.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2018-19	2 (25%)	$9,500	2 (25%)	$9,500	-	-
2019-20	3 (60%)	$8,083	3 (60%)	$8,083	-	-
2020-21	1 (33%)	$9,500	1 (33%)	$9,500	-	-
2021-22	1 (17%)	$9,500	1 (17%)	$9,500	-	-
Average	2 (33.75%)	$9,146	2 (33.75%)	$9,146	-	-

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Scholarships, Grants, and Loan Trends at Health-Tech Institute of Memphis

All Undergraduate Students Financial Aid Over Time

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