Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 3,304, which is 92.22 % of all undergraduate students. 2,434 students which is 68.33% of undergraduate students received federal student loans and the average loan amount is $6,547.

For full-time, first-time beginning students (freshmen), 99.11% of students received grants or scholarships and 76% 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 Merrimack College since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,304, which is 92.22 % of all undergraduate students. 2,434 students which is 68.33% of undergraduate students received federal student loans and the average loan amount is $6,547.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,472 (90%)$17,051638 (23%)$4,0861,885 (68%)$6,781
2014-152,705 (89%)$17,715694 (23%)$4,1322,123 (70%)$6,769
2015-162,933 (93%)$17,829643 (20%)$4,1272,426 (77%)$6,217
2016-173,142 (92%)$18,999658 (19%)$4,1722,408 (70%)$6,641
2017-183,305 (93%)$19,114724 (20%)$4,4122,443 (69%)$6,528
2018-193,513 (91%)$21,338700 (18%)$4,6082,573 (67%)$6,473
2019-203,817 (93%)$22,692680 (16%)$4,5792,802 (68%)$6,352
2020-213,934 (94%)$23,427670 (16%)$4,7622,673 (64%)$6,602
2021-223,912 (95%)$25,169664 (16%)$4,8022,573 (62%)$6,561
Average3,304 (92.22%)$20,370675 (19.00%)$4,4092,434 (68.33%)$6,547
*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, 956 (99.11 % of students) received grants or scholarships and its average amount is $22,138. It can cover 42.75% of tuition & fees ($51,786).

In addition, 725 (75.56 % of students) students get helped from the students loans (average amount : $11,830).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14775 (98%)$18,626633 (80%)$11,093
2014-15849 (99%)$18,267663 (77%)$10,604
2015-16824 (100%)$18,995700 (85%)$10,277
2016-171,002 (100%)$20,113797 (79%)$12,087
2017-18852 (100%)$21,561677 (79%)$12,433
2018-191,114 (99%)$23,529853 (76%)$12,907
2019-201,174 (100%)$24,891862 (73%)$13,364
2020-211,075 (99%)$25,528723 (67%)$10,784
2021-22940 (97%)$27,729617 (64%)$12,924
Average956 (99.11%)$22,138725 (75.56%)$11,830
*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, 186 (19.78 % of students) received Pell (federal) grants and its average amount is $4,451.

In addition, 144 students received State/local government grants/scholarships (15.33 % 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
2013-14196 (25%)$4,16819 (2%)$1,758170 (21%)$1,299774 (97%)$17,266
2014-15197 (23%)$4,0697 (1%)$2,758148 (17%)$1,116849 (99%)$17,105
2015-16160 (19%)$3,98923 (3%)$2,434117 (14%)$1,473824 (100%)$17,943
2016-17197 (20%)$4,36717 (2%)$3,068149 (15%)$1,5231,002 (100%)$18,976
2017-18188 (22%)$4,64824 (3%)$3,604145 (17%)$1,895852 (100%)$20,111
2018-19197 (18%)$4,60321 (2%)$3,529143 (13%)$1,4651,111 (99%)$22,521
2019-20200 (17%)$4,66224 (2%)$3,679148 (13%)$1,6221,174 (100%)$23,817
2020-21171 (16%)$4,66724 (2%)$3,661137 (13%)$1,9821,075 (99%)$24,451
2021-22172 (18%)$4,88827 (3%)$3,426141 (15%)$2,292940 (97%)$26,393
Average186 (19.78%)$4,45121 (2.22%)$3,102144 (15.33%)$1,630956 (99.00%)$20,954
*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, 725 (75.56 % of students) get any students loan help and its average loan amount is $725.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14633 (80%)$11,093627 (79%)$5,676211 (27%)$16,412
2014-15663 (77%)$10,604654 (76%)$5,527183 (21%)$18,666
2015-16700 (85%)$10,277696 (84%)$4,826211 (25%)$18,173
2016-17797 (79%)$12,087786 (78%)$5,410284 (28%)$18,948
2017-18677 (79%)$12,433668 (78%)$5,399233 (27%)$20,647
2018-19853 (76%)$12,907839 (75%)$5,479310 (28%)$20,686
2019-20862 (73%)$13,364843 (72%)$5,177328 (28%)$21,815
2020-21723 (67%)$10,784700 (64%)$5,356178 (16%)$22,739
2021-22617 (64%)$12,924595 (62%)$5,354202 (21%)$23,706
Average725 (75.56%)$11,830712 (74.22%)$5,356238 (24.56%)$20,199

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