How Musicians Institute'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 Musicians Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 359, which is 35.56 % of all undergraduate students. 340 students which is 33.22% of undergraduate students received federal student loans and the average loan amount is $6,438.

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	416 (35%)	$4,681	352 (29%)	$3,949	527 (44%)	$6,374
2014-15	368 (32%)	$4,293	303 (26%)	$4,060	434 (38%)	$6,330
2015-16	384 (34%)	$4,565	303 (27%)	$3,960	402 (36%)	$6,366
2016-17	323 (32%)	$4,838	225 (22%)	$4,002	311 (30%)	$6,509
2017-18	383 (39%)	$5,172	233 (24%)	$4,487	322 (33%)	$6,022
2018-19	425 (38%)	$4,981	258 (23%)	$4,522	316 (29%)	$6,258
2019-20	386 (38%)	$4,751	221 (22%)	$4,551	313 (31%)	$5,923
2020-21	254 (35%)	$4,790	139 (19%)	$5,063	193 (27%)	$7,171
2021-22	291 (37%)	$4,448	163 (21%)	$5,193	240 (31%)	$6,990
Average	359 (35.56%)	$4,724	244 (23.67%)	$4,421	340 (33.22%)	$6,438

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

Overview

For the last 10 years, on average, 92 (46.33 % of students) received grants or scholarships and its average amount is $4,408. It can cover 16.21% of tuition & fees ($27,194).

In addition, 101 (44.44 % of students) students get helped from the students loans (average amount : $5,626).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	174 (36%)	$4,342	257 (53%)	$5,554
2014-15	149 (49%)	$4,073	176 (58%)	$5,558
2015-16	135 (57%)	$4,510	151 (64%)	$5,575
2016-17	73 (33%)	$4,612	75 (34%)	$5,752
2017-18	89 (45%)	$5,532	81 (41%)	$5,442
2018-19	73 (41%)	$5,078	57 (32%)	$5,558
2019-20	57 (50%)	$3,609	50 (44%)	$5,039
2020-21	39 (59%)	$3,653	21 (32%)	$6,516
2021-22	43 (47%)	$4,265	39 (42%)	$5,637
Average	92 (46.33%)	$4,408	101 (44.44%)	$5,626

^*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, 70 (32.33 % of students) received Pell (federal) grants and its average amount is $3,849.

In addition, 4 students received State/local government grants/scholarships (2.50 % 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	160 (33%)	$3,737	20 (4%)	$745	-	-	41 (8%)	$3,479
2014-15	119 (39%)	$3,812	37 (12%)	$519	-	-	44 (15%)	$3,048
2015-16	109 (46%)	$3,754	56 (24%)	$571	12 (5%)	$2,640	44 (19%)	$3,091
2016-17	48 (22%)	$3,662	30 (14%)	$509	2 (1%)	$2,450	45 (20%)	$3,128
2017-18	67 (34%)	$4,075	41 (21%)	$599	5 (3%)	$2,602	63 (32%)	$2,885
2018-19	50 (28%)	$4,004	32 (18%)	$563	5 (3%)	$3,402	48 (27%)	$2,823
2019-20	34 (30%)	$3,702	24 (21%)	$498	-	-	36 (32%)	$1,887
2020-21	20 (30%)	$3,254	18 (27%)	$650	1 (2%)	$1,333	31 (47%)	$2,076
2021-22	27 (29%)	$4,637	16 (17%)	$888	1 (1%)	$3,999	24 (26%)	$1,667
Average	70 (32.33%)	$3,849	30 (17.56%)	$616	4 (2.50%)	$2,738	42 (25.11%)	$2,676

^*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, 101 (44.44 % of students) get any students loan help and its average loan amount is $101.

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	257 (53%)	$5,554	257 (53%)	$5,554	-	-
2014-15	176 (58%)	$5,558	176 (58%)	$5,558	-	-
2015-16	151 (64%)	$5,575	151 (64%)	$5,575	-	-
2016-17	75 (34%)	$5,752	75 (34%)	$5,752	-	-
2017-18	81 (41%)	$5,442	81 (41%)	$5,442	-	-
2018-19	57 (32%)	$5,558	57 (32%)	$5,558	-	-
2019-20	50 (44%)	$5,039	50 (44%)	$5,039	-	-
2020-21	21 (32%)	$6,516	21 (32%)	$6,516	-	-
2021-22	39 (42%)	$5,637	39 (42%)	$5,637	-	-
Average	101 (44.44%)	$5,626	101 (44.44%)	$5,626	-	-

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Scholarships, Grants, and Loan Trends at Musicians Institute

All Undergraduate Students Financial Aid Over Time

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