How Madison College'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 Madison Area Technical College since 2013.

For that period, the average number of students who received grants aid/scholarships is 5,463, which is 35.89 % of all undergraduate students. 3,851 students which is 25.44% of undergraduate students received federal student loans and the average loan amount is $6,057.

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	7,251 (47%)	$2,806	5,000 (33%)	$3,104	5,469 (36%)	$6,160
2014-15	7,094 (42%)	$2,710	4,775 (29%)	$3,144	5,217 (31%)	$6,203
2015-16	6,558 (40%)	$2,722	4,174 (25%)	$3,225	4,592 (28%)	$6,039
2016-17	6,080 (39%)	$2,765	3,809 (24%)	$3,213	4,129 (26%)	$6,027
2017-18	5,892 (38%)	$2,927	3,686 (24%)	$3,329	3,844 (25%)	$6,040
2018-19	5,560 (37%)	$3,244	3,516 (23%)	$3,509	3,426 (23%)	$5,865
2019-20	4,099 (28%)	$4,199	3,361 (23%)	$3,399	3,243 (22%)	$6,173
2020-21	3,434 (26%)	$4,283	2,748 (21%)	$3,431	2,599 (20%)	$5,915
2021-22	3,199 (26%)	$4,374	2,483 (21%)	$3,475	2,137 (18%)	$6,087
Average	5,463 (35.89%)	$3,337	3,728 (24.78%)	$3,314	3,851 (25.44%)	$6,057

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

Overview

For the last 10 years, on average, 390 (43.44 % of students) received grants or scholarships and its average amount is $4,674. It can cover 66.52% of tuition & fees ($7,027) based on out-of-state rate.

In addition, 304 (32.89 % of students) students get helped from the students loans (average amount : $5,494).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	631 (50%)	$4,233	558 (44%)	$5,541
2014-15	553 (45%)	$4,365	492 (40%)	$5,357
2015-16	424 (46%)	$4,401	339 (36%)	$5,737
2016-17	393 (47%)	$4,431	309 (37%)	$5,468
2017-18	313 (44%)	$4,277	244 (34%)	$5,198
2018-19	337 (44%)	$4,889	233 (30%)	$5,143
2019-20	358 (42%)	$4,949	245 (29%)	$5,380
2020-21	253 (35%)	$5,233	157 (22%)	$5,598
2021-22	249 (38%)	$5,289	155 (24%)	$6,027
Average	390 (43.44%)	$4,674	304 (32.89%)	$5,494

^*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, 295 (32.56 % of students) received Pell (federal) grants and its average amount is $4,559.

In addition, 235 students received State/local government grants/scholarships (26.89 % 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	529 (42%)	$3,892	86 (7%)	$595	300 (24%)	$1,114	189 (15%)	$1,202
2014-15	449 (37%)	$4,047	80 (7%)	$602	314 (26%)	$1,172	149 (12%)	$1,213
2015-16	332 (36%)	$4,177	61 (7%)	$631	254 (27%)	$1,074	128 (14%)	$1,313
2016-17	299 (36%)	$4,208	115 (14%)	$528	236 (28%)	$1,117	139 (17%)	$1,142
2017-18	228 (32%)	$4,123	57 (8%)	$568	183 (26%)	$1,033	141 (20%)	$1,258
2018-19	265 (35%)	$4,356	80 (10%)	$446	243 (32%)	$1,035	136 (18%)	$1,517
2019-20	245 (29%)	$4,667	62 (7%)	$465	234 (27%)	$1,052	184 (21%)	$1,922
2020-21	157 (22%)	$5,570	104 (14%)	$483	172 (24%)	$1,085	120 (17%)	$1,771
2021-22	155 (24%)	$5,991	94 (14%)	$470	182 (28%)	$1,345	72 (11%)	$1,379
Average	295 (32.56%)	$4,559	82 (9.78%)	$532	235 (26.89%)	$1,114	140 (16.11%)	$1,413

^*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, 304 (32.89 % of students) get any students loan help and its average loan amount is $304.

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	558 (44%)	$5,541	556 (44%)	$5,448	10 (1%)	$6,243
2014-15	492 (40%)	$5,357	492 (40%)	$5,232	10 (1%)	$6,111
2015-16	339 (36%)	$5,737	338 (36%)	$5,442	17 (2%)	$6,211
2016-17	309 (37%)	$5,468	306 (37%)	$5,350	9 (1%)	$5,814
2017-18	244 (34%)	$5,198	243 (34%)	$5,153	4 (1%)	$4,008
2018-19	233 (30%)	$5,143	231 (30%)	$4,995	7 (1%)	$6,352
2019-20	245 (29%)	$5,380	245 (29%)	$5,277	5 (1%)	$5,041
2020-21	157 (22%)	$5,598	157 (22%)	$5,401	4 (1%)	$7,730
2021-22	155 (24%)	$6,027	155 (24%)	$5,482	7 (1%)	$12,083
Average	304 (32.89%)	$5,494	303 (32.89%)	$5,309	8 (1.11%)	$6,621

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Scholarships, Grants, and Loan Trends at Madison College

All Undergraduate Students Financial Aid Over Time

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