How NCMC'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 North Central Michigan College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,347, which is 57.78 % of all undergraduate students. 310 students which is 12.67% of undergraduate students received federal student loans and the average loan amount is $4,338.

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	1,980 (71%)	$3,440	1,520 (54%)	$3,488	526 (19%)	$4,603
2014-15	1,617 (63%)	$3,474	1,271 (49%)	$2,705	465 (18%)	$4,033
2015-16	1,494 (57%)	$3,240	1,227 (47%)	$2,416	401 (15%)	$4,094
2016-17	1,426 (54%)	$3,031	909 (35%)	$2,974	347 (13%)	$4,177
2017-18	1,401 (55%)	$3,226	840 (33%)	$3,174	309 (12%)	$4,087
2018-19	1,123 (48%)	$3,910	716 (31%)	$3,274	267 (11%)	$4,196
2019-20	748 (34%)	$5,180	660 (30%)	$3,389	192 (9%)	$4,828
2020-21	1,120 (64%)	$3,292	803 (46%)	$2,326	150 (9%)	$4,870
2021-22	1,218 (74%)	$4,600	742 (45%)	$2,181	136 (8%)	$4,152
Average	1,347 (57.78%)	$3,710	965 (41.11%)	$2,881	310 (12.67%)	$4,338

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

Overview

For the last 10 years, on average, 166 (75.44 % of students) received grants or scholarships and its average amount is $5,472. It can cover 53.40% of tuition & fees ($10,247) based on out-of-state rate.

In addition, 47 (20.33 % of students) students get helped from the students loans (average amount : $4,116).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	171 (67%)	$4,693	79 (31%)	$5,161
2014-15	145 (64%)	$4,834	66 (29%)	$4,780
2015-16	156 (67%)	$5,070	66 (28%)	$4,561
2016-17	182 (73%)	$5,212	61 (24%)	$4,838
2017-18	199 (74%)	$6,150	52 (19%)	$4,281
2018-19	170 (75%)	$6,042	40 (18%)	$4,036
2019-20	166 (83%)	$6,673	28 (14%)	$3,732
2020-21	139 (76%)	$5,526	16 (9%)	$3,458
2021-22	170 (100%)	$5,047	19 (11%)	$2,200
Average	166 (75.44%)	$5,472	47 (20.33%)	$4,116

^*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, 125 (55.44 % of students) received Pell (federal) grants and its average amount is $3,929.

In addition, 65 students received State/local government grants/scholarships (30.00 % 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	138 (54%)	$4,185	29 (11%)	$218	54 (21%)	$2,717	42 (17%)	$1,713
2014-15	124 (55%)	$3,923	14 (6%)	$137	48 (21%)	$2,655	37 (16%)	$2,300
2015-16	133 (57%)	$4,121	23 (10%)	$154	47 (20%)	$3,135	43 (18%)	$2,141
2016-17	146 (58%)	$3,956	21 (8%)	$183	61 (24%)	$3,301	66 (26%)	$2,514
2017-18	153 (57%)	$4,462	27 (10%)	$182	85 (32%)	$3,895	84 (31%)	$2,442
2018-19	125 (55%)	$4,244	54 (24%)	$283	66 (29%)	$3,929	70 (31%)	$3,170
2019-20	130 (65%)	$4,381	40 (20%)	$317	80 (40%)	$3,985	71 (36%)	$2,911
2020-21	88 (48%)	$3,876	29 (16%)	$283	81 (44%)	$4,197	116 (63%)	$680
2021-22	85 (50%)	$2,217	170 (100%)	$2,473	66 (39%)	$2,462	57 (34%)	$1,520
Average	125 (55.44%)	$3,929	45 (22.78%)	$470	65 (30.00%)	$3,364	65 (30.22%)	$2,155

^*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, 47 (20.33 % of students) get any students loan help and its average loan amount is $47.

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	79 (31%)	$5,161	73 (29%)	$4,574	9 (4%)	$8,203
2014-15	66 (29%)	$4,780	66 (29%)	$4,672	1 (0%)	$7,150
2015-16	66 (28%)	$4,561	63 (27%)	$4,009	5 (2%)	$9,680
2016-17	61 (24%)	$4,838	61 (24%)	$4,684	2 (1%)	$4,696
2017-18	52 (19%)	$4,281	50 (19%)	$4,055	2 (1%)	$9,928
2018-19	40 (18%)	$4,036	37 (16%)	$3,870	3 (1%)	$6,081
2019-20	28 (14%)	$3,732	27 (14%)	$3,611	1 (1%)	$7,000
2020-21	16 (9%)	$3,458	16 (9%)	$3,458	-	-
2021-22	19 (11%)	$2,200	18 (11%)	$2,090	1 (1%)	$4,176
Average	47 (20.33%)	$4,116	46 (19.78%)	$3,891	3 (1.57%)	$7,114

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Scholarships, Grants, and Loan Trends at NCMC

All Undergraduate Students Financial Aid Over Time

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