How Merryfield Academy'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 Merryfield Academy since 2013.

For that period, the average number of students who received grants aid/scholarships is 62, which is 49.22 % of all undergraduate students. 58 students which is 46.22% of undergraduate students received federal student loans and the average loan amount is $6,256.

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	35 (34%)	$2,793	33 (32%)	$2,378	44 (43%)	$7,814
2014-15	51 (61%)	$3,251	50 (60%)	$2,773	49 (59%)	$6,736
2015-16	56 (44%)	$3,104	56 (44%)	$3,104	51 (40%)	$7,016
2016-17	50 (41%)	$3,572	50 (41%)	$2,774	42 (34%)	$6,243
2017-18	48 (44%)	$3,361	48 (44%)	$2,778	40 (37%)	$6,700
2018-19	42 (38%)	$3,460	42 (38%)	$3,002	31 (28%)	$6,285
2019-20	46 (39%)	$4,128	45 (38%)	$3,392	44 (37%)	$6,121
2020-21	109 (70%)	$3,144	109 (70%)	$3,144	120 (77%)	$4,068
2021-22	121 (72%)	$3,292	121 (72%)	$3,292	102 (61%)	$5,325
Average	62 (49.22%)	$3,345	62 (48.78%)	$2,960	58 (46.22%)	$6,256

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

Overview

For the last 10 years, on average, 23 (69.57 % of students) received grants or scholarships and its average amount is $3,332. It can cover 30.85% of tuition & fees ($10,800).

In addition, 21 (70.29 % of students) students get helped from the students loans (average amount : $6,062).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	-	-	-	-
2014-15	-	-	-	-
2015-16	10 (71%)	$3,024	13 (93%)	$6,487
2016-17	8 (67%)	$3,502	8 (67%)	$5,666
2017-18	7 (70%)	$3,100	7 (70%)	$6,333
2018-19	5 (45%)	$4,043	6 (55%)	$5,889
2019-20	11 (73%)	$3,245	10 (67%)	$5,800
2020-21	53 (75%)	$3,100	38 (54%)	$5,948
2021-22	68 (86%)	$3,307	68 (86%)	$6,314
Average	23 (69.57%)	$3,332	21 (70.29%)	$6,062

^*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, 23 (69.57 % of students) received Pell (federal) grants and its average amount is $3,332.

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	-	-	-	-	-	-	-	-
2014-15	-	-	-	-	-	-	-	-
2015-16	10 (71%)	$3,024	-	-	-	-	-	-
2016-17	8 (67%)	$3,502	-	-	-	-	-	-
2017-18	7 (70%)	$3,100	-	-	-	-	-	-
2018-19	5 (45%)	$4,043	-	-	-	-	-	-
2019-20	11 (73%)	$3,245	-	-	-	-	-	-
2020-21	53 (75%)	$3,100	-	-	-	-	-	-
2021-22	68 (86%)	$3,307	-	-	-	-	-	-
Average	23 (69.57%)	$3,332	-	-	-	-	-	-

^*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, 21 (70.29 % of students) get any students loan help and its average loan amount is $21.

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	-	-	-	-	-	-
2014-15	-	-	-	-	-	-
2015-16	13 (93%)	$6,487	13 (93%)	$6,487	-	-
2016-17	8 (67%)	$5,666	8 (67%)	$5,666	-	-
2017-18	7 (70%)	$6,333	7 (70%)	$6,333	-	-
2018-19	6 (55%)	$5,889	6 (55%)	$5,889	-	-
2019-20	10 (67%)	$5,800	10 (67%)	$5,800	-	-
2020-21	38 (54%)	$5,948	36 (51%)	$5,889	2 (3%)	$7,018
2021-22	68 (86%)	$6,314	66 (84%)	$6,292	2 (3%)	$7,060
Average	21 (70.29%)	$6,062	21 (69.57%)	$6,051	2 (3.00%)	$7,039

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Scholarships, Grants, and Loan Trends at Merryfield Academy

All Undergraduate Students Financial Aid Over Time

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