How Merrimack'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 Merrimack College since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,304, which is 92.22 % of all undergraduate students. 2,434 students which is 68.33% of undergraduate students received federal student loans and the average loan amount is $6,547.

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	2,472 (90%)	$17,051	638 (23%)	$4,086	1,885 (68%)	$6,781
2014-15	2,705 (89%)	$17,715	694 (23%)	$4,132	2,123 (70%)	$6,769
2015-16	2,933 (93%)	$17,829	643 (20%)	$4,127	2,426 (77%)	$6,217
2016-17	3,142 (92%)	$18,999	658 (19%)	$4,172	2,408 (70%)	$6,641
2017-18	3,305 (93%)	$19,114	724 (20%)	$4,412	2,443 (69%)	$6,528
2018-19	3,513 (91%)	$21,338	700 (18%)	$4,608	2,573 (67%)	$6,473
2019-20	3,817 (93%)	$22,692	680 (16%)	$4,579	2,802 (68%)	$6,352
2020-21	3,934 (94%)	$23,427	670 (16%)	$4,762	2,673 (64%)	$6,602
2021-22	3,912 (95%)	$25,169	664 (16%)	$4,802	2,573 (62%)	$6,561
Average	3,304 (92.22%)	$20,370	675 (19.00%)	$4,409	2,434 (68.33%)	$6,547

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

Overview

For the last 10 years, on average, 956 (99.11 % of students) received grants or scholarships and its average amount is $22,138. It can cover 42.75% of tuition & fees ($51,786).

In addition, 725 (75.56 % of students) students get helped from the students loans (average amount : $11,830).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	775 (98%)	$18,626	633 (80%)	$11,093
2014-15	849 (99%)	$18,267	663 (77%)	$10,604
2015-16	824 (100%)	$18,995	700 (85%)	$10,277
2016-17	1,002 (100%)	$20,113	797 (79%)	$12,087
2017-18	852 (100%)	$21,561	677 (79%)	$12,433
2018-19	1,114 (99%)	$23,529	853 (76%)	$12,907
2019-20	1,174 (100%)	$24,891	862 (73%)	$13,364
2020-21	1,075 (99%)	$25,528	723 (67%)	$10,784
2021-22	940 (97%)	$27,729	617 (64%)	$12,924
Average	956 (99.11%)	$22,138	725 (75.56%)	$11,830

^*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, 186 (19.78 % of students) received Pell (federal) grants and its average amount is $4,451.

In addition, 144 students received State/local government grants/scholarships (15.33 % 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	196 (25%)	$4,168	19 (2%)	$1,758	170 (21%)	$1,299	774 (97%)	$17,266
2014-15	197 (23%)	$4,069	7 (1%)	$2,758	148 (17%)	$1,116	849 (99%)	$17,105
2015-16	160 (19%)	$3,989	23 (3%)	$2,434	117 (14%)	$1,473	824 (100%)	$17,943
2016-17	197 (20%)	$4,367	17 (2%)	$3,068	149 (15%)	$1,523	1,002 (100%)	$18,976
2017-18	188 (22%)	$4,648	24 (3%)	$3,604	145 (17%)	$1,895	852 (100%)	$20,111
2018-19	197 (18%)	$4,603	21 (2%)	$3,529	143 (13%)	$1,465	1,111 (99%)	$22,521
2019-20	200 (17%)	$4,662	24 (2%)	$3,679	148 (13%)	$1,622	1,174 (100%)	$23,817
2020-21	171 (16%)	$4,667	24 (2%)	$3,661	137 (13%)	$1,982	1,075 (99%)	$24,451
2021-22	172 (18%)	$4,888	27 (3%)	$3,426	141 (15%)	$2,292	940 (97%)	$26,393
Average	186 (19.78%)	$4,451	21 (2.22%)	$3,102	144 (15.33%)	$1,630	956 (99.00%)	$20,954

^*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, 725 (75.56 % of students) get any students loan help and its average loan amount is $725.

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	633 (80%)	$11,093	627 (79%)	$5,676	211 (27%)	$16,412
2014-15	663 (77%)	$10,604	654 (76%)	$5,527	183 (21%)	$18,666
2015-16	700 (85%)	$10,277	696 (84%)	$4,826	211 (25%)	$18,173
2016-17	797 (79%)	$12,087	786 (78%)	$5,410	284 (28%)	$18,948
2017-18	677 (79%)	$12,433	668 (78%)	$5,399	233 (27%)	$20,647
2018-19	853 (76%)	$12,907	839 (75%)	$5,479	310 (28%)	$20,686
2019-20	862 (73%)	$13,364	843 (72%)	$5,177	328 (28%)	$21,815
2020-21	723 (67%)	$10,784	700 (64%)	$5,356	178 (16%)	$22,739
2021-22	617 (64%)	$12,924	595 (62%)	$5,354	202 (21%)	$23,706
Average	725 (75.56%)	$11,830	712 (74.22%)	$5,356	238 (24.56%)	$20,199

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Scholarships, Grants, and Loan Trends at Merrimack

All Undergraduate Students Financial Aid Over Time

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