Over the past 6 years (2017-2022), the average number of students who received grants aid/scholarships is 166, which is 68.60 % of all undergraduate students. 56 students which is 23.60% of undergraduate students received federal student loans and the average loan amount is $8,981.

For full-time, first-time beginning students (freshmen), 91.50% of students received grants or scholarships and 0% 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 Mayo Clinic College of Medicine and Science since 2017.

For that period, the average number of students who received grants aid/scholarships is 166, which is 68.60 % of all undergraduate students. 56 students which is 23.60% of undergraduate students received federal student loans and the average loan amount is $8,981.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2017-18155 (73%)$3,47420 (9%)$3,52975 (35%)$8,720
2018-19203 (94%)$3,55312 (6%)$4,11772 (33%)$8,593
2019-20116 (44%)$6,41812 (5%)$4,03147 (18%)$8,569
2020-21186 (66%)$6,7308 (3%)$4,82344 (16%)$8,993
2021-22169 (66%)$10,0466 (2%)$3,52640 (16%)$10,028
Average166 (68.60%)$6,04412 (5.00%)$4,00556 (23.60%)$8,981
*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, 23 (91.50 % of students) received grants or scholarships and its average amount is $2,196. It can cover 21.90% of tuition & fees ($10,025).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2017-18----
2018-1910 (100%)$3,000--
2019-2025 (69%)$1,500--
2020-2135 (97%)$2,100--
2021-2222 (100%)$2,182--
Average23 (91.50%)$2,196--
*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,

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
2017-18--------
2018-19------10 (100%)$3,000
2019-20------25 (69%)$1,500
2020-21------35 (97%)$2,100
2021-22------22 (100%)$2,182
Average------23 (91.50%)$2,196
*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.

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