Over the past 5 years (2018-2022), the average number of students who received grants aid/scholarships is 32, which is 95.50 % of all undergraduate students. 10 students which is 30.50% of undergraduate students received federal student loans and the average loan amount is $8,075.

For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 34% 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 Health-Tech Institute of Memphis since 2018.

For that period, the average number of students who received grants aid/scholarships is 32, which is 95.50 % of all undergraduate students. 10 students which is 30.50% of undergraduate students received federal student loans and the average loan amount is $8,075.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2018-1945 (100%)$6,16018 (40%)$6,0959 (20%)$6,856
2019-2027 (82%)$4,30025 (76%)$3,64518 (55%)$7,178
2020-2128 (100%)$8,88524 (86%)$5,80812 (43%)$8,767
2021-2228 (100%)$9,00019 (68%)$6,3451 (4%)$9,500
Average32 (95.50%)$7,08622 (67.50%)$5,47310 (30.50%)$8,075
*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 5 years, on average, 6 (100.00 % of students) received grants or scholarships and its average amount is $9,698. It can cover 71.61% of tuition & fees ($13,542).

In addition, 2 (33.75 % of students) students get helped from the students loans (average amount : $9,146).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2018-198 (100%)$9,8372 (25%)$9,500
2019-205 (100%)$7,5583 (60%)$8,083
2020-213 (100%)$9,6101 (33%)$9,500
2021-226 (100%)$11,7871 (17%)$9,500
Average6 (100.00%)$9,6982 (33.75%)$9,146
*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 5 years, on average, 4 (73.00 % of students) received Pell (federal) grants and its average amount is $5,006.

In addition, 4 students received State/local government grants/scholarships (73.75 % 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
2018-192 (25%)$6,095--7 (88%)$4,0006 (75%)$6,418
2019-205 (100%)$5,166--2 (40%)$4,0002 (40%)$1,981
2020-213 (100%)$3,8762 (67%)$4,1012 (67%)$3,2502 (67%)$1,250
2021-224 (67%)$4,888--6 (100%)$4,1675 (83%)$5,234
Average4 (73.00%)$5,0062 (67.00%)$4,1014 (73.75%)$3,8544 (66.25%)$3,721
*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 5 years, on average, 2 (33.75 % of students) get any students loan help and its average loan amount is $2.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2018-192 (25%)$9,5002 (25%)$9,500--
2019-203 (60%)$8,0833 (60%)$8,083--
2020-211 (33%)$9,5001 (33%)$9,500--
2021-221 (17%)$9,5001 (17%)$9,500--
Average2 (33.75%)$9,1462 (33.75%)$9,146--

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