How MAC'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 Mineral Area College since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,225, which is 64.89 % of all undergraduate students. 550 students which is 15.11% of undergraduate students received federal student loans and the average loan amount is $5,566.

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	2,765 (61%)	$3,725	1,847 (41%)	$3,911	875 (19%)	$5,898
2014-15	2,785 (60%)	$3,670	1,773 (38%)	$3,869	822 (18%)	$5,748
2015-16	2,514 (57%)	$3,673	1,453 (33%)	$3,919	679 (15%)	$5,559
2016-17	2,426 (58%)	$3,692	1,378 (33%)	$3,870	657 (16%)	$5,383
2017-18	2,169 (59%)	$3,913	1,212 (33%)	$4,227	558 (15%)	$5,121
2018-19	1,985 (69%)	$3,877	1,096 (38%)	$4,292	429 (15%)	$5,627
2019-20	1,902 (72%)	$4,050	1,059 (40%)	$4,431	381 (14%)	$5,607
2020-21	1,755 (73%)	$4,974	897 (37%)	$4,473	305 (13%)	$5,672
2021-22	1,722 (75%)	$3,877	800 (35%)	$4,360	246 (11%)	$5,475
Average	2,225 (64.89%)	$3,939	1,279 (36.44%)	$4,150	550 (15.11%)	$5,566

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

Overview

For the last 10 years, on average, 560 (92.22 % of students) received grants or scholarships and its average amount is $5,177. It can cover 64.00% of tuition & fees ($8,090) based on out-of-state rate.

In addition, 115 (18.11 % of students) students get helped from the students loans (average amount : $4,922).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	685 (92%)	$4,505	173 (23%)	$5,125
2014-15	712 (93%)	$4,740	190 (25%)	$5,162
2015-16	557 (90%)	$4,935	119 (19%)	$4,735
2016-17	577 (91%)	$4,988	135 (21%)	$4,898
2017-18	545 (92%)	$5,433	124 (21%)	$4,474
2018-19	495 (93%)	$5,504	90 (17%)	$5,374
2019-20	540 (94%)	$5,417	89 (15%)	$4,908
2020-21	461 (91%)	$5,521	68 (13%)	$4,723
2021-22	464 (94%)	$5,553	47 (9%)	$4,900
Average	560 (92.22%)	$5,177	115 (18.11%)	$4,922

^*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, 354 (57.67 % of students) received Pell (federal) grants and its average amount is $4,633.

In addition, 370 students received State/local government grants/scholarships (61.44 % 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	460 (62%)	$4,288	16 (2%)	$518	379 (51%)	$1,812	112 (15%)	$3,735
2014-15	511 (67%)	$4,251	26 (3%)	$435	449 (59%)	$1,629	127 (17%)	$3,622
2015-16	346 (56%)	$4,311	21 (3%)	$471	385 (62%)	$1,848	129 (21%)	$4,155
2016-17	385 (61%)	$4,247	8 (1%)	$506	373 (59%)	$1,931	145 (23%)	$3,578
2017-18	337 (57%)	$4,889	11 (2%)	$511	368 (62%)	$2,115	107 (18%)	$4,951
2018-19	312 (58%)	$4,818	25 (5%)	$486	331 (62%)	$2,174	100 (19%)	$4,897
2019-20	347 (60%)	$4,911	41 (7%)	$280	393 (68%)	$2,035	92 (16%)	$4,452
2020-21	247 (49%)	$4,943	53 (11%)	$168	324 (64%)	$2,501	115 (23%)	$4,389
2021-22	241 (49%)	$5,038	55 (11%)	$266	326 (66%)	$2,815	107 (22%)	$4,019
Average	354 (57.67%)	$4,633	28 (5.00%)	$405	370 (61.44%)	$2,096	115 (19.33%)	$4,200

^*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, 115 (18.11 % of students) get any students loan help and its average loan amount is $115.

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	173 (23%)	$5,125	173 (23%)	$5,125	-	-
2014-15	190 (25%)	$5,162	190 (25%)	$5,162	-	-
2015-16	119 (19%)	$4,735	119 (19%)	$4,735	-	-
2016-17	135 (21%)	$4,898	135 (21%)	$4,898	-	-
2017-18	124 (21%)	$4,474	124 (21%)	$4,474	-	-
2018-19	90 (17%)	$5,374	90 (17%)	$5,374	-	-
2019-20	89 (15%)	$4,908	89 (15%)	$4,908	-	-
2020-21	68 (13%)	$4,723	68 (13%)	$4,723	-	-
2021-22	47 (9%)	$4,900	47 (9%)	$4,900	-	-
Average	115 (18.11%)	$4,922	115 (18.11%)	$4,922	-	-

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Scholarships, Grants, and Loan Trends at MAC

All Undergraduate Students Financial Aid Over Time

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