How Modern Welding School'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 Modern Welding School since 2013.

For that period, the average number of students who received grants aid/scholarships is 62, which is 56.22 % of all undergraduate students. 68 students which is 61.89% of undergraduate students received federal student loans and the average loan amount is $6,645.

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	68 (59%)	$6,088	66 (57%)	$4,202	78 (68%)	$7,123
2014-15	71 (63%)	$5,266	71 (63%)	$4,343	78 (69%)	$7,126
2015-16	48 (43%)	$6,033	37 (33%)	$4,854	54 (49%)	$7,112
2016-17	61 (55%)	$5,490	50 (45%)	$3,305	69 (63%)	$5,792
2017-18	62 (60%)	$5,392	48 (46%)	$3,854	62 (60%)	$6,571
2018-19	64 (55%)	$5,348	53 (45%)	$4,684	76 (65%)	$6,508
2019-20	51 (50%)	$6,487	47 (46%)	$4,874	61 (60%)	$6,345
2020-21	55 (49%)	$5,145	44 (39%)	$4,865	75 (66%)	$6,515
2021-22	79 (72%)	$8,658	51 (46%)	$5,121	63 (57%)	$6,711
Average	62 (56.22%)	$5,990	52 (46.67%)	$4,456	68 (61.89%)	$6,645

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

Overview

For the last 10 years, on average, 40 (59.89 % of students) received grants or scholarships and its average amount is $6,386. It can cover 35.28% of tuition & fees ($18,100).

In addition, 45 (67.78 % of students) students get helped from the students loans (average amount : $6,819).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	53 (61%)	$4,777	60 (69%)	$7,550
2014-15	60 (79%)	$5,580	55 (72%)	$7,812
2015-16	36 (54%)	$5,830	38 (57%)	$7,096
2016-17	32 (60%)	$6,848	30 (57%)	$6,441
2017-18	37 (61%)	$6,555	46 (75%)	$6,441
2018-19	30 (47%)	$8,013	47 (73%)	$6,877
2019-20	31 (60%)	$7,966	37 (71%)	$6,049
2020-21	38 (59%)	$5,686	44 (69%)	$6,398
2021-22	39 (58%)	$6,221	45 (67%)	$6,711
Average	40 (59.89%)	$6,386	45 (67.78%)	$6,819

^*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, 36 (54.33 % of students) received Pell (federal) grants and its average amount is $4,698.

In addition, 10 students received State/local government grants/scholarships (15.88 % 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	53 (61%)	$4,777	-	-	-	-	-	-
2014-15	60 (79%)	$4,114	-	-	9 (12%)	$9,772	-	-
2015-16	33 (49%)	$4,372	-	-	7 (10%)	$9,371	-	-
2016-17	21 (40%)	$4,591	-	-	13 (25%)	$9,441	-	-
2017-18	37 (61%)	$3,598	-	-	13 (21%)	$8,417	-	-
2018-19	30 (47%)	$4,880	-	-	10 (16%)	$9,000	4 (6%)	$1,000
2019-20	27 (52%)	$5,377	-	-	12 (23%)	$8,314	2 (4%)	$1,000
2020-21	27 (42%)	$5,475	-	-	8 (13%)	$8,152	3 (5%)	$1,000
2021-22	39 (58%)	$5,099	-	-	5 (7%)	$8,557	1 (1%)	$1,000
Average	36 (54.33%)	$4,698	-	-	10 (15.88%)	$8,878	3 (4.00%)	$1,000

^*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, 45 (67.78 % of students) get any students loan help and its average loan amount is $45.

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	60 (69%)	$7,550	60 (69%)	$7,550	-	-
2014-15	55 (72%)	$7,812	55 (72%)	$7,812	-	-
2015-16	38 (57%)	$7,096	38 (57%)	$7,096	-	-
2016-17	30 (57%)	$6,441	30 (57%)	$6,441	-	-
2017-18	46 (75%)	$6,441	46 (75%)	$6,441	-	-
2018-19	47 (73%)	$6,877	47 (73%)	$6,877	-	-
2019-20	37 (71%)	$6,049	37 (71%)	$6,049	-	-
2020-21	44 (69%)	$6,398	44 (69%)	$6,398	-	-
2021-22	45 (67%)	$6,711	45 (67%)	$6,711	-	-
Average	45 (67.78%)	$6,819	45 (67.78%)	$6,819	-	-

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Scholarships, Grants, and Loan Trends at Modern Welding School

All Undergraduate Students Financial Aid Over Time

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