How USMMA'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 United States Merchant Marine Academy since 2013.

For that period, the average number of students who received grants aid/scholarships is 112, which is 11.67 % of all undergraduate students. 74 students which is 7.56% of undergraduate students received federal student loans and the average loan amount is $4,605.

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	75 (8%)	$4,335	75 (8%)	$4,335	64 (7%)	$3,804
2014-15	113 (12%)	$3,332	63 (7%)	$4,284	67 (7%)	$4,747
2015-16	106 (12%)	$3,917	69 (8%)	$4,438	111 (12%)	$4,002
2016-17	122 (13%)	$3,182	69 (8%)	$4,229	94 (10%)	$5,721
2017-18	95 (10%)	$4,569	95 (10%)	$4,569	80 (8%)	$5,541
2018-19	129 (13%)	$3,711	74 (7%)	$4,836	62 (6%)	$5,489
2019-20	122 (12%)	$4,175	82 (8%)	$4,924	63 (6%)	$4,279
2020-21	132 (13%)	$4,018	82 (8%)	$5,394	63 (6%)	$4,169
2021-22	117 (12%)	$4,362	78 (8%)	$5,093	61 (6%)	$3,696
Average	112 (11.67%)	$3,956	76 (8.00%)	$4,678	74 (7.56%)	$4,605

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

Overview

For the last 10 years, on average, 28 (11.44 % of students) received grants or scholarships and its average amount is $4,305. It can cover 455.57% of tuition & fees ($945) based on out-of-state rate.

In addition, 30 (12.78 % of students) students get helped from the students loans (average amount : $4,660).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	38 (17%)	$3,480	28 (13%)	$3,066
2014-15	37 (16%)	$4,402	27 (12%)	$5,601
2015-16	19 (8%)	$3,894	39 (17%)	$4,988
2016-17	24 (9%)	$3,597	39 (15%)	$5,414
2017-18	43 (16%)	$4,142	36 (14%)	$5,774
2018-19	16 (6%)	$4,458	18 (7%)	$4,352
2019-20	27 (11%)	$4,991	30 (12%)	$4,241
2020-21	21 (9%)	$5,293	30 (13%)	$4,181
2021-22	25 (11%)	$4,489	27 (12%)	$4,320
Average	28 (11.44%)	$4,305	30 (12.78%)	$4,660

^*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, 26 (10.89 % of students) received Pell (federal) grants and its average amount is $4,300.

In addition, 5 students received State/local government grants/scholarships (7.00 % 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	38 (17%)	$3,454	-	-	1 (0%)	$1,000	-	-
2014-15	25 (11%)	$4,408	2 (1%)	$1,107	15 (7%)	$3,330	1 (0%)	$500
2015-16	18 (8%)	$3,987	-	-	1 (0%)	$2,216	-	-
2016-17	24 (9%)	$3,482	-	-	1 (0%)	$2,761	-	-
2017-18	43 (16%)	$4,142	-	-	-	-	-	-
2018-19	16 (6%)	$4,458	-	-	-	-	-	-
2019-20	27 (11%)	$4,991	-	-	-	-	-	-
2020-21	21 (9%)	$5,293	-	-	-	-	-	-
2021-22	25 (11%)	$4,489	-	-	-	-	-	-
Average	26 (10.89%)	$4,300	2 (1.00%)	$1,107	5 (7.00%)	$2,327	1 (0.00%)	$500

^*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, 30 (12.78 % of students) get any students loan help and its average loan amount is $30.

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	28 (13%)	$3,066	28 (13%)	$3,066	-	-
2014-15	27 (12%)	$5,601	27 (12%)	$5,601	-	-
2015-16	39 (17%)	$4,988	39 (17%)	$4,988	-	-
2016-17	39 (15%)	$5,414	39 (15%)	$5,414	-	-
2017-18	36 (14%)	$5,774	36 (14%)	$5,774	-	-
2018-19	18 (7%)	$4,352	18 (7%)	$4,352	-	-
2019-20	30 (12%)	$4,241	29 (11%)	$4,232	1 (0%)	$4,500
2020-21	30 (13%)	$4,181	29 (13%)	$4,170	1 (0%)	$4,500
2021-22	27 (12%)	$4,320	27 (12%)	$4,320	-	-
Average	30 (12.78%)	$4,660	30 (12.67%)	$4,657	1 (0.00%)	$4,500

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Scholarships, Grants, and Loan Trends at USMMA

All Undergraduate Students Financial Aid Over Time

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