Scholarships, Grants, and Loan Trends at Mayo Clinic College of Medicine and Science

Over the past 6 years (2017-2022), the average number of students who received grants aid/scholarships is 166, which is 68.60 % of all undergraduate students. 56 students which is 23.60% of undergraduate students received federal student loans and the average loan amount is $8,981.

For full-time, first-time beginning students (freshmen), 91.50% of students received grants or scholarships and 0% of students received student loans.

School Home 2023 Financial Aid

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Mayo Clinic College of Medicine and Science since 2017.

For that period, the average number of students who received grants aid/scholarships is 166, which is 68.60 % of all undergraduate students. 56 students which is 23.60% of undergraduate students received federal student loans and the average loan amount is $8,981.

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
2017-18	155 (73%)	$3,474	20 (9%)	$3,529	75 (35%)	$8,720
2018-19	203 (94%)	$3,553	12 (6%)	$4,117	72 (33%)	$8,593
2019-20	116 (44%)	$6,418	12 (5%)	$4,031	47 (18%)	$8,569
2020-21	186 (66%)	$6,730	8 (3%)	$4,823	44 (16%)	$8,993
2021-22	169 (66%)	$10,046	6 (2%)	$3,526	40 (16%)	$10,028
Average	166 (68.60%)	$6,044	12 (5.00%)	$4,005	56 (23.60%)	$8,981

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

Overview

For the last 6 years, on average, 23 (91.50 % of students) received grants or scholarships and its average amount is $2,196. It can cover 21.90% of tuition & fees ($10,025).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2017-18	-	-	-	-
2018-19	10 (100%)	$3,000	-	-
2019-20	25 (69%)	$1,500	-	-
2020-21	35 (97%)	$2,100	-	-
2021-22	22 (100%)	$2,182	-	-
Average	23 (91.50%)	$2,196	-	-

^*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 6 years,

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
2017-18	-	-	-	-	-	-	-	-
2018-19	-	-	-	-	-	-	10 (100%)	$3,000
2019-20	-	-	-	-	-	-	25 (69%)	$1,500
2020-21	-	-	-	-	-	-	35 (97%)	$2,100
2021-22	-	-	-	-	-	-	22 (100%)	$2,182
Average	-	-	-	-	-	-	23 (91.50%)	$2,196

^*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..

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