How Institute of Medical Careers'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 Institute of Medical Careers since 2013.

For that period, the average number of students who received grants aid/scholarships is 394, which is 82.33 % of all undergraduate students. 380 students which is 77.67% of undergraduate students received federal student loans and the average loan amount is $7,341.

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	93 (84%)	$4,640	93 (84%)	$4,640	94 (85%)	$7,667
2014-15	144 (86%)	$3,710	133 (79%)	$3,539	124 (74%)	$7,717
2015-16	163 (86%)	$4,415	158 (84%)	$3,799	147 (78%)	$7,758
2016-17	228 (84%)	$4,643	213 (78%)	$3,419	186 (68%)	$7,708
2017-18	280 (73%)	$5,542	253 (66%)	$4,250	281 (73%)	$7,693
2018-19	410 (81%)	$4,183	402 (79%)	$3,824	386 (76%)	$7,871
2019-20	683 (84%)	$6,529	649 (80%)	$5,282	684 (84%)	$8,686
2020-21	705 (79%)	$4,846	668 (75%)	$4,468	681 (77%)	$4,139
2021-22	836 (84%)	$5,067	818 (82%)	$4,716	838 (84%)	$6,826
Average	394 (82.33%)	$4,842	376 (78.56%)	$4,215	380 (77.67%)	$7,341

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

Overview

For the last 10 years, on average, 126 (83.11 % of students) received grants or scholarships and its average amount is $4,961. It can cover 22.05% of tuition & fees ($22,500).

In addition, 124 (78.78 % of students) students get helped from the students loans (average amount : $7,616).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	16 (94%)	$4,855	16 (94%)	$7,181
2014-15	36 (77%)	$3,884	37 (79%)	$8,129
2015-16	47 (87%)	$4,655	43 (80%)	$8,234
2016-17	51 (84%)	$4,698	35 (57%)	$8,047
2017-18	122 (72%)	$5,711	124 (73%)	$7,561
2018-19	84 (88%)	$3,919	70 (74%)	$8,807
2019-20	379 (85%)	$6,481	371 (83%)	$8,556
2020-21	211 (82%)	$5,115	223 (87%)	$4,312
2021-22	188 (79%)	$5,331	195 (82%)	$7,721
Average	126 (83.11%)	$4,961	124 (78.78%)	$7,616

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 119 (79.00 % of students) received Pell (federal) grants and its average amount is $4,290.

In addition, 24 students received State/local government grants/scholarships (14.00 % 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	16 (94%)	$4,787	-	-	1 (6%)	$1,089	-	-
2014-15	36 (77%)	$3,596	-	-	4 (9%)	$2,599	-	-
2015-16	44 (81%)	$4,182	19 (35%)	$131	8 (15%)	$4,036	-	-
2016-17	45 (74%)	$3,215	21 (34%)	$794	14 (23%)	$5,590	-	-
2017-18	109 (64%)	$4,109	36 (21%)	$133	39 (23%)	$6,257	-	-
2018-19	79 (83%)	$3,910	21 (22%)	$126	8 (8%)	$2,214	-	-
2019-20	359 (81%)	$5,277	108 (24%)	$845	92 (21%)	$5,114	-	-
2020-21	205 (80%)	$4,688	26 (10%)	$277	33 (13%)	$3,363	-	-
2021-22	182 (77%)	$4,849	20 (8%)	$298	19 (8%)	$5,928	1 (0%)	$1,130
Average	119 (79.00%)	$4,290	36 (22.00%)	$372	24 (14.00%)	$4,021	1 (0.00%)	$1,130

^*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, 124 (78.78 % of students) get any students loan help and its average loan amount is $124.

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	16 (94%)	$7,181	16 (94%)	$7,181	-	-
2014-15	37 (79%)	$8,129	37 (79%)	$8,129	-	-
2015-16	43 (80%)	$8,234	43 (80%)	$8,234	-	-
2016-17	35 (57%)	$8,047	35 (57%)	$8,047	-	-
2017-18	124 (73%)	$7,561	124 (73%)	$7,561	-	-
2018-19	70 (74%)	$8,807	70 (74%)	$8,807	-	-
2019-20	371 (83%)	$8,556	371 (83%)	$8,538	2 (0%)	$3,428
2020-21	223 (87%)	$4,312	223 (87%)	$4,252	2 (1%)	$6,756
2021-22	195 (82%)	$7,721	195 (82%)	$7,647	2 (1%)	$7,160
Average	124 (78.78%)	$7,616	124 (78.78%)	$7,600	2 (1.00%)	$5,781

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Scholarships, Grants, and Loan Trends at Institute of Medical Careers

All Undergraduate Students Financial Aid Over Time

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