How Ultimate Medical Academy'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 Ultimate Medical Academy since 2013.

For that period, the average number of students who received grants aid/scholarships is 16,444, which is 81.33 % of all undergraduate students. 16,085 students which is 68.44% of undergraduate students received federal student loans and the average loan amount is $5,511.

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	379 (64%)	$3,536	374 (63%)	$3,555	80 (14%)	$4,839
2014-15	368 (71%)	$3,606	362 (70%)	$3,651	71 (14%)	$5,203
2015-16	378 (71%)	$5,433	365 (69%)	$4,984	366 (69%)	$6,471
2016-17	24,333 (91%)	$6,009	23,451 (88%)	$5,691	25,034 (94%)	$6,643
2017-18	26,920 (91%)	$6,611	25,838 (88%)	$5,918	26,753 (91%)	$6,931
2018-19	24,997 (91%)	$6,203	24,009 (87%)	$6,089	25,919 (94%)	$6,705
2019-20	27,367 (94%)	$7,281	27,050 (93%)	$6,194	25,033 (86%)	$7,643
2020-21	22,805 (81%)	$6,013	21,867 (78%)	$5,817	21,800 (78%)	$2,449
2021-22	20,453 (78%)	$5,806	19,714 (76%)	$5,708	19,710 (76%)	$2,718
Average	16,444 (81.33%)	$5,611	15,892 (79.11%)	$5,290	16,085 (68.44%)	$5,511

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

Overview

For the last 10 years, on average, 10,454 (84.78 % of students) received grants or scholarships and its average amount is $5,493. It can cover 18.36% of tuition & fees ($29,925).

In addition, 10,699 (75.44 % of students) students get helped from the students loans (average amount : $5,205).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	368 (64%)	$3,540	130 (23%)	$3,703
2014-15	354 (71%)	$3,655	122 (24%)	$3,905
2015-16	351 (86%)	$5,630	354 (86%)	$7,144
2016-17	22,148 (92%)	$6,111	23,181 (96%)	$6,982
2017-18	23,837 (93%)	$5,998	24,789 (96%)	$7,173
2018-19	22,059 (91%)	$5,986	23,632 (97%)	$6,963
2019-20	8,448 (99%)	$6,087	8,327 (98%)	$5,840
2020-21	8,804 (88%)	$6,068	8,379 (83%)	$2,427
2021-22	7,718 (79%)	$6,360	7,374 (76%)	$2,706
Average	10,454 (84.78%)	$5,493	10,699 (75.44%)	$5,205

^*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, 10,128 (82.22 % of students) received Pell (federal) grants and its average amount is $5,383.

In addition, 16 students received State/local government grants/scholarships (1.00 % 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	363 (63%)	$3,560	28 (5%)	$132	3 (1%)	$1,667	1 (0%)	$1,625
2014-15	349 (70%)	$3,680	24 (5%)	$129	3 (1%)	$1,667	1 (0%)	$1,625
2015-16	341 (83%)	$5,124	49 (12%)	$1,155	-	-	65 (16%)	$2,652
2016-17	21,520 (89%)	$5,813	459 (2%)	$551	8 (0%)	$2,067	4,300 (18%)	$2,321
2017-18	23,220 (90%)	$5,868	641 (2%)	$579	4 (0%)	$1,921	3,254 (13%)	$1,953
2018-19	21,170 (87%)	$6,090	477 (2%)	$589	21 (0%)	$972	1,952 (8%)	$1,445
2019-20	8,262 (97%)	$6,195	186 (2%)	$1,042	3 (0%)	$1,300	28 (0%)	$1,611
2020-21	8,457 (84%)	$5,876	78 (1%)	$711	78 (1%)	$107	2,255 (22%)	$1,627
2021-22	7,471 (77%)	$6,239	54 (1%)	$1,081	8 (0%)	$1,049	1,744 (18%)	$1,380
Average	10,128 (82.22%)	$5,383	222 (3.56%)	$663	16 (1.00%)	$1,344	1,511 (15.83%)	$1,804

^*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, 10,699 (75.44 % of students) get any students loan help and its average loan amount is $10,699.

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	130 (23%)	$3,703	77 (13%)	$4,829	62 (11%)	$1,767
2014-15	122 (24%)	$3,905	65 (13%)	$5,672	57 (11%)	$1,890
2015-16	354 (86%)	$7,144	340 (83%)	$6,617	82 (20%)	$3,405
2016-17	23,181 (96%)	$6,982	23,092 (96%)	$6,815	2,692 (11%)	$1,658
2017-18	24,789 (96%)	$7,173	24,704 (96%)	$7,057	2,326 (9%)	$1,491
2018-19	23,632 (97%)	$6,963	23,552 (97%)	$6,861	1,965 (8%)	$1,513
2019-20	8,327 (98%)	$5,840	8,153 (96%)	$5,900	174 (2%)	$2,997
2020-21	8,379 (83%)	$2,427	8,379 (83%)	$2,427	-	-
2021-22	7,374 (76%)	$2,706	7,374 (76%)	$2,706	-	-
Average	10,699 (75.44%)	$5,205	10,637 (72.56%)	$5,432	1,051 (10.29%)	$2,103

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Scholarships, Grants, and Loan Trends at Ultimate Medical Academy

All Undergraduate Students Financial Aid Over Time

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