Scholarships, Grants, and Loan Trends at MCNY

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 634, which is 90.11 % of all undergraduate students. 555 students which is 78.11% of undergraduate students received federal student loans and the average loan amount is $9,283.
For full-time, first-time beginning students (freshmen), 93.56% of students received grants or scholarships and 74% 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 Metropolitan College of New York since 2013.
For that period, the average number of students who received grants aid/scholarships is 634, which is 90.11 % of all undergraduate students. 555 students which is 78.11% of undergraduate students received federal student loans and the average loan amount is $9,283.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14859 (94%)$7,747735 (81%)$3,626776 (85%)$9,516
2014-15836 (93%)$7,501704 (78%)$3,730739 (82%)$9,568
2015-16718 (92%)$7,663581 (75%)$3,780638 (82%)$9,616
2016-17650 (93%)$8,099529 (76%)$3,907587 (84%)$9,476
2017-18610 (79%)$8,500498 (64%)$4,574553 (71%)$8,613
2018-19609 (87%)$8,040501 (72%)$4,653539 (77%)$8,927
2019-20582 (93%)$8,675461 (74%)$4,606494 (79%)$8,755
2020-21490 (93%)$16,637339 (64%)$4,619394 (75%)$8,835
2021-22351 (87%)$25,107261 (65%)$5,866275 (68%)$10,244
Average634 (90.11%)$10,885512 (72.11%)$4,373555 (78.11%)$9,283

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

For the last 10 years, on average, 54 (93.56 % of students) received grants or scholarships and its average amount is $9,897. It can cover 49.02% of tuition & fees ($20,188).
In addition, 44 (74.11 % of students) students get helped from the students loans (average amount : $7,425).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14106 (94%)$8,15893 (82%)$7,890
2014-1578 (90%)$8,95259 (68%)$8,780
2015-1669 (93%)$8,77151 (69%)$8,088
2016-1770 (95%)$10,66067 (91%)$8,019
2017-1882 (85%)$11,45366 (69%)$7,272
2018-1926 (93%)$9,97524 (86%)$7,506
2019-2029 (100%)$9,93923 (79%)$6,970
2020-2111 (92%)$8,2928 (67%)$5,289
2021-2216 (100%)$12,8739 (56%)$7,011
Average54 (93.56%)$9,89744 (74.11%)$7,425
*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 10 years, on average, 46 (76.56 % of students) received Pell (federal) grants and its average amount is $4,925.
In addition, 39 students received State/local government grants/scholarships (63.00 % 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
2013-1493 (82%)$4,7727 (6%)$44969 (61%)$3,50693 (82%)$1,891
2014-1568 (78%)$4,7943 (3%)$91951 (59%)$3,77766 (76%)$2,679
2015-1653 (72%)$5,2675 (7%)$95646 (62%)$4,13756 (76%)$2,338
2016-1763 (85%)$5,2191 (1%)$30052 (70%)$4,05866 (89%)$3,122
2017-1871 (74%)$4,7888 (8%)$1,27679 (82%)$5,28675 (78%)$2,285
2018-1924 (86%)$5,2755 (18%)$1,60220 (71%)$3,06225 (89%)$2,541
2019-2027 (93%)$4,69319 (66%)$75518 (62%)$4,58526 (90%)$2,486
2020-216 (50%)$4,6806 (50%)$2,7213 (25%)$8,38810 (83%)$2,164
2021-2211 (69%)$4,83816 (100%)$2,25012 (75%)$7,27610 (63%)$2,945
Average46 (76.56%)$4,9258 (28.78%)$1,24839 (63.00%)$4,89747 (80.67%)$2,495
*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 10 years, on average, 44 (74.11 % of students) get any students loan help and its average loan amount is $44.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1493 (82%)$7,89093 (82%)$7,890--
2014-1559 (68%)$8,78059 (68%)$8,4401 (1%)$20,054
2015-1651 (69%)$8,08851 (69%)$8,088--
2016-1767 (91%)$8,01967 (91%)$7,9001 (1%)$8,000
2017-1866 (69%)$7,27266 (69%)$7,1811 (1%)$6,000
2018-1924 (86%)$7,50624 (86%)$7,506--
2019-2023 (79%)$6,97023 (79%)$6,970--
2020-218 (67%)$5,2898 (67%)$5,289--
2021-229 (56%)$7,0119 (56%)$7,011--
Average44 (74.11%)$7,42544 (74.11%)$7,3641 (1.00%)$11,351
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