Scholarships, Grants, and Loan Trends at Manhattan Institute

Over the past 7 years (2013-2019), the average number of students who received grants aid/scholarships is 334, which is 22.33 % of all undergraduate students. 354 students which is 23.83% of undergraduate students received federal student loans and the average loan amount is $4,616.
For full-time, first-time beginning students (freshmen), 93.50% of students received grants or scholarships and 89% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Manhattan Institute since 2013.
For that period, the average number of students who received grants aid/scholarships is 334, which is 22.33 % of all undergraduate students. 354 students which is 23.83% of undergraduate students received federal student loans and the average loan amount is $4,616.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1472 (3%)$4,61672 (3%)$4,61667 (3%)$5,366
2014-1592 (4%)$5,05092 (4%)$5,05092 (4%)$5,928
2015-16125 (6%)$3,434125 (6%)$3,434118 (6%)$3,793
2016-17165 (12%)$4,349147 (10%)$3,729155 (11%)$4,129
2017-18388 (28%)$3,904345 (25%)$4,318324 (23%)$6,037
2018-191,159 (81%)$2,4281,159 (81%)$2,4101,370 (96%)$2,442
Average334 (22.33%)$3,964323 (21.50%)$3,926354 (23.83%)$4,616

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

For the last 7 years, on average, 307 (93.50 % of students) received grants or scholarships and its average amount is $4,005. It can cover 35.68% of tuition & fees ($11,224).
In addition, 296 (88.50 % of students) students get helped from the students loans (average amount : $4,743).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1472 (90%)$4,61667 (84%)$5,366
2014-1592 (98%)$5,05092 (98%)$5,928
2015-16125 (87%)$3,434118 (83%)$3,793
2016-17165 (90%)$4,349155 (84%)$4,129
2017-18388 (100%)$3,904324 (84%)$6,037
2018-19999 (96%)$2,6771,018 (98%)$3,205
Average307 (93.50%)$4,005296 (88.50%)$4,743
*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.
The following table shows the trends of grants or scholarships over time. For the last 7 years, on average, 297 (90.00 % of students) received Pell (federal) grants and its average amount is $3,968.
In addition, 33 students received State/local government grants/scholarships (3.00 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1472 (90%)$4,616------
2014-1592 (98%)$5,050------
2015-16125 (87%)$3,434------
2016-17147 (80%)$3,72918 (10%)$9,414----
2017-18345 (89%)$4,31834 (9%)$286--12 (3%)$1,301
2018-19999 (96%)$2,660--33 (3%)$500--
Average297 (90.00%)$3,96826 (9.50%)$4,85033 (3.00%)$50012 (3.00%)$1,301
*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..
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 7 years, on average, 296 (88.50 % of students) get any students loan help and its average loan amount is $296.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1467 (84%)$5,36667 (84%)$5,366--
2014-1592 (98%)$5,92892 (98%)$5,928--
2015-16118 (83%)$3,793118 (83%)$3,793--
2016-17155 (84%)$4,129155 (84%)$4,129--
2017-18324 (84%)$6,037324 (84%)$6,037--
2018-191,018 (98%)$3,2051,018 (98%)$3,205--
Average296 (88.50%)$4,743296 (88.50%)$4,743--
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