Over the past 6 years (2013-2018), the average number of students who received grants aid/scholarships is 172, which is 59.00 % of all undergraduate students. 243 students which is 82.20% of undergraduate students received federal student loans and the average loan amount is $8,848.

For full-time, first-time beginning students (freshmen), 56.40% of students received grants or scholarships and 83% 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 Madison Media Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 172, which is 59.00 % of all undergraduate students. 243 students which is 82.20% of undergraduate students received federal student loans and the average loan amount is $8,848.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14277 (58%)$5,499256 (54%)$4,050387 (82%)$10,035
2014-15205 (55%)$4,288192 (52%)$4,042308 (83%)$7,913
2015-16174 (54%)$4,404155 (48%)$4,067249 (78%)$8,259
2016-17123 (57%)$5,381120 (56%)$5,245177 (82%)$10,143
2017-1879 (71%)$5,11076 (68%)$5,07096 (86%)$7,889
Average172 (59.00%)$4,936160 (55.60%)$4,495243 (82.20%)$8,848
*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 6 years, on average, 54 (56.40 % of students) received grants or scholarships and its average amount is $4,728. It can cover 32.15% of tuition & fees ($14,708).

In addition, 78 (83.20 % of students) students get helped from the students loans (average amount : $9,371).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14107 (58%)$4,488142 (77%)$7,820
2014-1551 (61%)$4,77773 (87%)$9,945
2015-1631 (45%)$4,31857 (83%)$11,333
2016-1747 (53%)$4,55376 (85%)$8,621
2017-1832 (65%)$5,50541 (84%)$9,135
Average54 (56.40%)$4,72878 (83.20%)$9,371
*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 6 years, on average, 51 (53.40 % of students) received Pell (federal) grants and its average amount is $4,495.

In addition, 27 students received State/local government grants/scholarships (18.00 % 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
2013-14101 (55%)$3,7257 (4%)$34344 (24%)$1,9409 (5%)$1,808
2014-1544 (52%)$4,65222 (26%)$27310 (12%)$2,7932 (2%)$2,500
2015-1629 (42%)$4,30510 (14%)$300--3 (4%)$2,000
2016-1747 (53%)$4,40825 (28%)$272----
2017-1832 (65%)$5,38613 (27%)$292----
Average51 (53.40%)$4,49515 (19.80%)$29627 (18.00%)$2,3675 (3.67%)$2,103
*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 6 years, on average, 78 (83.20 % of students) get any students loan help and its average loan amount is $78.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14142 (77%)$7,820142 (77%)$5,94230 (16%)$8,888
2014-1573 (87%)$9,94573 (87%)$7,88714 (17%)$10,731
2015-1657 (83%)$11,33357 (83%)$6,71118 (26%)$14,638
2016-1776 (85%)$8,62176 (85%)$7,3638 (9%)$11,957
2017-1841 (84%)$9,13541 (84%)$7,8765 (10%)$10,318
Average78 (83.20%)$9,37178 (83.20%)$7,15615 (15.60%)$11,306

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