Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 33, which is 17.11 % of all undergraduate students. 16 students which is 6.11% of undergraduate students received federal student loans and the average loan amount is $7,487.

For full-time, first-time beginning students (freshmen), 19.00% of students received grants or scholarships and 12% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Gemological Institute of America-New York since 2013.

For that period, the average number of students who received grants aid/scholarships is 33, which is 17.11 % of all undergraduate students. 16 students which is 6.11% of undergraduate students received federal student loans and the average loan amount is $7,487.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1428 (8%)$14,30610 (3%)$3,20720 (6%)$8,030
2014-1531 (6%)$6,62116 (3%)$3,95927 (5%)$7,733
2015-1637 (10%)$12,87412 (3%)$3,70423 (6%)$8,230
2016-1751 (13%)$10,96314 (4%)$4,03125 (6%)$8,986
2017-1828 (8%)$10,84312 (3%)$3,48311 (3%)$6,665
2018-1926 (11%)$10,07512 (5%)$4,64313 (6%)$6,058
2019-2019 (12%)$7,4436 (4%)$4,83111 (7%)$5,751
2020-2126 (41%)$7,6145 (8%)$2,7184 (6%)$8,125
2021-2247 (45%)$5,1146 (6%)$4,44610 (10%)$7,804
Average33 (17.11%)$9,53910 (4.33%)$3,89116 (6.11%)$7,487
*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.

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

For the last 10 years, on average, 16 (19.00 % of students) received grants or scholarships and its average amount is $9,339. It can cover 40.10% of tuition & fees ($23,290).

In addition, 11 (12.00 % of students) students get helped from the students loans (average amount : $11,017).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1424 (12%)$8,66219 (10%)$11,918
2014-1519 (11%)$5,75015 (8%)$9,395
2015-1617 (26%)$7,17115 (23%)$10,424
2016-1725 (16%)$9,21613 (8%)$11,198
2017-1820 (16%)$11,3606 (5%)$13,114
2018-1919 (18%)$8,59611 (11%)$14,567
2019-207 (5%)$17,2639 (7%)$10,149
2020-215 (24%)$8,4932 (10%)$14,883
2021-2210 (43%)$7,5366 (26%)$3,502
Average16 (19.00%)$9,33911 (12.00%)$11,017
*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, 7 (7.00 % of students) received Pell (federal) grants and its average amount is $3,522.

In addition, 1 students received State/local government grants/scholarships (4.50 % 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
2013-148 (4%)$3,58415 (8%)$1,800--8 (4%)$19,027
2014-1512 (7%)$3,76414 (8%)$1,643--3 (2%)$13,692
2015-166 (9%)$4,49910 (15%)$1,400--6 (9%)$13,485
2016-178 (5%)$3,64210 (6%)$1,231--15 (9%)$12,596
2017-1810 (8%)$3,0448 (6%)$1,544--12 (10%)$15,367
2018-1910 (10%)$4,50714 (14%)$1,714--6 (6%)$15,710
2019-202 (2%)$4,9252 (2%)$1,125--6 (5%)$18,124
2020-211 (5%)$1412 (10%)$1,2601 (5%)$1,0002 (10%)$19,402
2021-223 (13%)$3,59610 (43%)$2,0931 (4%)$21,8181 (4%)$21,818
Average7 (7.00%)$3,5229 (12.44%)$1,5341 (4.50%)$11,4097 (6.56%)$16,580
*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, 11 (12.00 % of students) get any students loan help and its average loan amount is $11.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1419 (10%)$11,91819 (10%)$7,7706 (3%)$13,137
2014-1515 (8%)$9,39515 (8%)$7,3952 (1%)$15,000
2015-1615 (23%)$10,42413 (20%)$7,8384 (6%)$13,614
2016-1713 (8%)$11,19812 (8%)$8,6235 (3%)$8,419
2017-186 (5%)$13,1146 (5%)$6,2743 (2%)$13,679
2018-1911 (11%)$14,56710 (10%)$6,7645 (5%)$18,520
2019-209 (7%)$10,1497 (5%)$4,8284 (3%)$14,386
2020-212 (10%)$14,8831 (5%)$4,7661 (5%)$25,000
2021-226 (26%)$3,5026 (26%)$3,502--
Average11 (12.00%)$11,01710 (10.78%)$6,4184 (3.50%)$15,219

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