Scholarships, Grants, and Loan Trends at Pima Medical Institute-Albuquerque

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 854, which is 64.00 % of all undergraduate students. 840 students which is 62.44% of undergraduate students received federal student loans and the average loan amount is $7,680.
For full-time, first-time beginning students (freshmen), 73.11% of students received grants or scholarships and 74% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Pima Medical Institute-Albuquerque since 2013.
For that period, the average number of students who received grants aid/scholarships is 854, which is 64.00 % of all undergraduate students. 840 students which is 62.44% of undergraduate students received federal student loans and the average loan amount is $7,680.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14977 (63%)$5,746921 (59%)$4,6431,035 (66%)$9,634
2014-15989 (69%)$5,904925 (64%)$4,751988 (69%)$9,336
2015-16969 (69%)$5,361924 (66%)$4,2721,014 (72%)$8,789
2016-17893 (66%)$5,246871 (65%)$4,366988 (73%)$7,334
2017-18885 (68%)$4,632857 (65%)$4,061933 (71%)$6,349
2018-19450 (39%)$5,861433 (38%)$4,165416 (36%)$2,916
2019-20839 (72%)$5,996753 (64%)$4,439723 (62%)$8,552
2020-21823 (60%)$6,088774 (57%)$4,740759 (56%)$8,317
2021-22861 (70%)$6,264762 (62%)$4,421705 (57%)$7,897
Average854 (64.00%)$5,678802 (60.00%)$4,429840 (62.44%)$7,680

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

For the last 10 years, on average, 607 (73.11 % of students) received grants or scholarships and its average amount is $5,798. It can cover 32.75% of tuition & fees ($17,706).
In addition, 646 (74.22 % of students) students get helped from the students loans (average amount : $7,651).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14919 (62%)$5,622986 (67%)$10,145
2014-15927 (68%)$5,762988 (72%)$9,538
2015-16921 (69%)$5,3561,014 (76%)$8,942
2016-17848 (66%)$5,159988 (77%)$7,571
2017-18841 (68%)$4,625889 (71%)$6,674
2018-19216 (83%)$5,667212 (81%)$3,236
2019-20249 (80%)$6,515249 (80%)$7,860
2020-21274 (79%)$6,342260 (74%)$7,336
2021-22265 (83%)$7,133225 (70%)$7,555
Average607 (73.11%)$5,798646 (74.22%)$7,651
*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.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 581 (69.78 % of students) received Pell (federal) grants and its average amount is $4,413.
In addition, 83 students received State/local government grants/scholarships (12.78 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14874 (59%)$4,642215 (15%)$284105 (7%)$9,74420 (1%)$1,301
2014-15878 (64%)$4,755227 (17%)$328113 (8%)$9,50710 (1%)$1,804
2015-16877 (66%)$4,273180 (13%)$455125 (9%)$8,38615 (1%)$3,722
2016-17834 (65%)$4,369263 (21%)$35981 (6%)$6,91411 (1%)$7,004
2017-18814 (65%)$4,062258 (21%)$24582 (7%)$5,67510 (1%)$5,512
2018-19211 (81%)$4,140125 (48%)$17241 (16%)$7,78910 (4%)$969
2019-20232 (75%)$4,660194 (62%)$1,08242 (14%)$7,7494 (1%)$1,400
2020-21268 (77%)$4,688121 (35%)$14257 (16%)$7,43280 (23%)$508
2021-22245 (76%)$4,12629 (9%)$269104 (32%)$8,3761 (0%)$500
Average581 (69.78%)$4,413179 (26.78%)$37183 (12.78%)$7,95218 (4.13%)$2,524
*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..
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, 646 (74.22 % of students) get any students loan help and its average loan amount is $646.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14986 (67%)$10,145984 (66%)$9,63657 (4%)$9,155
2014-15988 (72%)$9,538938 (69%)$9,34253 (4%)$12,455
2015-161,014 (76%)$8,942964 (72%)$8,78350 (4%)$12,020
2016-17988 (77%)$7,571939 (73%)$7,33152 (4%)$11,468
2017-18889 (71%)$6,674886 (71%)$6,35241 (3%)$7,444
2018-19212 (81%)$3,236212 (81%)$2,8396 (2%)$14,029
2019-20249 (80%)$7,860249 (80%)$7,6503 (1%)$17,430
2020-21260 (74%)$7,336260 (74%)$7,2062 (1%)$16,890
2021-22225 (70%)$7,555225 (70%)$6,87310 (3%)$15,357
Average646 (74.22%)$7,651629 (72.89%)$7,33530 (2.89%)$12,916
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