How Minerva'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 Minerva University since 2014.

For that period, the average number of students who received grants aid/scholarships is 241, which is 82.20 % of all undergraduate students.

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
2014-15	28 (100%)	$23,369	-	-	-	-
2015-16	108 (97%)	$12,884	-	-	-	-
2016-17	205 (73%)	$14,021	-	-	-	-
2017-18	-	-
2018-19	-	-
2019-20	-	-
2020-21	411 (66%)	$14,925	-	-	-	-
2021-22	455 (75%)	$17,447	-	-	-	-
Average	241 (82.20%)	$16,529	-	-	-	-

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

Overview

For the last 9 years, on average, 159 (80.40 % of students) received grants or scholarships and its average amount is $16,576. It can cover 88.64% of tuition & fees ($18,700).

In addition, 130 (44.00 % of students) students get helped from the students loans (average amount : $4,704).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2014-15	16 (100%)	$23,563	2 (13%)	$2,905
2015-16	78 (96%)	$14,322	3 (4%)	$8,000
2016-17	161 (70%)	$12,742	171 (75%)	$1,876
2017-18	-	-
2018-19	-	-
2019-20	-	-
2020-21	411 (67%)	$14,518	340 (56%)	$5,434
2021-22	131 (69%)	$17,735	136 (72%)	$5,305
Average	159 (80.40%)	$16,576	130 (44.00%)	$4,704

^*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 9 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
2014-15	-	-	-	-	-	-	16 (100%)	$23,563
2015-16	-	-	-	-	-	-	78 (96%)	$14,322
2016-17	-	-	-	-	-	-	161 (70%)	$12,742
2017-18	-	-
2018-19	-	-
2019-20	-	-
2020-21	-	-	-	-	-	-	411 (67%)	$14,518
2021-22	-	-	-	-	-	-	131 (69%)	$17,735
Average	-	-	-	-	-	-	159 (80.40%)	$16,576

^*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 9 years, on average, 130 (44.00 % of students) get any students loan help and its average loan amount is $130.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2014-15	2 (13%)	$2,905	-	-	2 (13%)	$2,905
2015-16	3 (4%)	$8,000	-	-	3 (4%)	$8,000
2016-17	171 (75%)	$1,876	-	-	171 (75%)	$1,876
2017-18	-	-
2018-19	-	-
2019-20	-	-
2020-21	340 (56%)	$5,434	-	-	340 (56%)	$5,434
2021-22	136 (72%)	$5,305	-	-	136 (72%)	$5,305
Average	130 (44.00%)	$4,704	-	-	130 (44.00%)	$4,704

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Scholarships, Grants, and Loan Trends at Minerva

All Undergraduate Students Financial Aid Over Time

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