How MCHP'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 Maine College of Health Professions since 2013.

For that period, the average number of students who received grants aid/scholarships is 137, which is 67.78 % of all undergraduate students. 164 students which is 82.44% of undergraduate students received federal student loans and the average loan amount is $7,326.

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	159 (71%)	$2,633	92 (41%)	$3,505	148 (66%)	$7,273
2014-15	123 (59%)	$3,435	116 (55%)	$3,166	182 (87%)	$7,081
2015-16	116 (58%)	$3,952	98 (49%)	$3,551	169 (85%)	$6,711
2016-17	74 (44%)	$5,038	74 (44%)	$3,795	143 (86%)	$7,717
2017-18	83 (44%)	$4,101	80 (43%)	$3,626	152 (81%)	$7,261
2018-19	142 (80%)	$3,193	83 (47%)	$3,774	164 (93%)	$7,472
2019-20	159 (87%)	$3,275	74 (40%)	$4,607	134 (73%)	$7,918
2020-21	158 (73%)	$3,685	130 (60%)	$3,622	204 (94%)	$7,105
2021-22	222 (94%)	$3,137	98 (42%)	$3,545	182 (77%)	$7,392
Average	137 (67.78%)	$3,605	94 (46.78%)	$3,688	164 (82.44%)	$7,326

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

Overview

For the last 10 years, on average, 2 (42.88 % of students) received grants or scholarships and its average amount is $4,924. It can cover 27.62% of tuition & fees ($17,827).

In addition, 3 (63.78 % of students) students get helped from the students loans (average amount : $5,501).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2 (100%)	$3,198	2 (100%)	$3,093
2014-15	1 (14%)	$1,000	6 (86%)	$6,833
2015-16	-	-	1 (33%)	$5,500
2016-17	1 (17%)	$7,515	5 (83%)	$5,700
2017-18	4 (67%)	$6,461	4 (67%)	$5,505
2018-19	2 (67%)	$4,173	2 (67%)	$4,454
2019-20	2 (20%)	$6,745	5 (50%)	$4,634
2020-21	2 (25%)	$5,754	3 (38%)	$5,443
2021-22	2 (33%)	$4,545	3 (50%)	$8,349
Average	2 (42.88%)	$4,924	3 (63.78%)	$5,501

^*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, 2 (35.00 % of students) received Pell (federal) grants and its average amount is $4,524.

In addition, 2 students received State/local government grants/scholarships (31.13 % 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	1 (50%)	$5,295	-	-	1 (50%)	$1,000	1 (50%)	$100
2014-15	-	-	-	-	1 (14%)	$1,000	-	-
2015-16	-	-	-	-	-	-	-	-
2016-17	1 (17%)	$5,815	-	-	1 (17%)	$1,700	-	-
2017-18	4 (67%)	$4,292	-	-	4 (67%)	$1,219	1 (17%)	$3,800
2018-19	1 (33%)	$6,095	-	-	1 (33%)	$1,500	1 (33%)	$750
2019-20	2 (20%)	$3,495	-	-	1 (10%)	$1,500	1 (10%)	$5,000
2020-21	2 (25%)	$4,629	-	-	2 (25%)	$1,125	-	-
2021-22	2 (33%)	$2,045	-	-	2 (33%)	$2,500	-	-
Average	2 (35.00%)	$4,524	-	-	2 (31.13%)	$1,443	1 (27.50%)	$2,413

^*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, 3 (63.78 % of students) get any students loan help and its average loan amount is $3.

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	2 (100%)	$3,093	2 (100%)	$3,093	-	-
2014-15	6 (86%)	$6,833	6 (86%)	$6,833	-	-
2015-16	1 (33%)	$5,500	1 (33%)	$5,500	-	-
2016-17	5 (83%)	$5,700	5 (83%)	$4,900	1 (17%)	$4,000
2017-18	4 (67%)	$5,505	4 (67%)	$5,505	-	-
2018-19	2 (67%)	$4,454	2 (67%)	$4,454	-	-
2019-20	5 (50%)	$4,634	5 (50%)	$4,634	-	-
2020-21	3 (38%)	$5,443	3 (38%)	$5,443	-	-
2021-22	3 (50%)	$8,349	3 (50%)	$6,516	1 (17%)	$5,500
Average	3 (63.78%)	$5,501	3 (63.78%)	$5,209	1 (17.00%)	$4,750

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Scholarships, Grants, and Loan Trends at MCHP

All Undergraduate Students Financial Aid Over Time

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