Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 359, which is 35.56 % of all undergraduate students. 340 students which is 33.22% of undergraduate students received federal student loans and the average loan amount is $6,438.

For full-time, first-time beginning students (freshmen), 46.33% of students received grants or scholarships and 44% 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 Musicians Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 359, which is 35.56 % of all undergraduate students. 340 students which is 33.22% of undergraduate students received federal student loans and the average loan amount is $6,438.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14416 (35%)$4,681352 (29%)$3,949527 (44%)$6,374
2014-15368 (32%)$4,293303 (26%)$4,060434 (38%)$6,330
2015-16384 (34%)$4,565303 (27%)$3,960402 (36%)$6,366
2016-17323 (32%)$4,838225 (22%)$4,002311 (30%)$6,509
2017-18383 (39%)$5,172233 (24%)$4,487322 (33%)$6,022
2018-19425 (38%)$4,981258 (23%)$4,522316 (29%)$6,258
2019-20386 (38%)$4,751221 (22%)$4,551313 (31%)$5,923
2020-21254 (35%)$4,790139 (19%)$5,063193 (27%)$7,171
2021-22291 (37%)$4,448163 (21%)$5,193240 (31%)$6,990
Average359 (35.56%)$4,724244 (23.67%)$4,421340 (33.22%)$6,438
*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, 92 (46.33 % of students) received grants or scholarships and its average amount is $4,408. It can cover 16.21% of tuition & fees ($27,194).

In addition, 101 (44.44 % of students) students get helped from the students loans (average amount : $5,626).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14174 (36%)$4,342257 (53%)$5,554
2014-15149 (49%)$4,073176 (58%)$5,558
2015-16135 (57%)$4,510151 (64%)$5,575
2016-1773 (33%)$4,61275 (34%)$5,752
2017-1889 (45%)$5,53281 (41%)$5,442
2018-1973 (41%)$5,07857 (32%)$5,558
2019-2057 (50%)$3,60950 (44%)$5,039
2020-2139 (59%)$3,65321 (32%)$6,516
2021-2243 (47%)$4,26539 (42%)$5,637
Average92 (46.33%)$4,408101 (44.44%)$5,626
*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, 70 (32.33 % of students) received Pell (federal) grants and its average amount is $3,849.

In addition, 4 students received State/local government grants/scholarships (2.50 % 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
2013-14160 (33%)$3,73720 (4%)$745--41 (8%)$3,479
2014-15119 (39%)$3,81237 (12%)$519--44 (15%)$3,048
2015-16109 (46%)$3,75456 (24%)$57112 (5%)$2,64044 (19%)$3,091
2016-1748 (22%)$3,66230 (14%)$5092 (1%)$2,45045 (20%)$3,128
2017-1867 (34%)$4,07541 (21%)$5995 (3%)$2,60263 (32%)$2,885
2018-1950 (28%)$4,00432 (18%)$5635 (3%)$3,40248 (27%)$2,823
2019-2034 (30%)$3,70224 (21%)$498--36 (32%)$1,887
2020-2120 (30%)$3,25418 (27%)$6501 (2%)$1,33331 (47%)$2,076
2021-2227 (29%)$4,63716 (17%)$8881 (1%)$3,99924 (26%)$1,667
Average70 (32.33%)$3,84930 (17.56%)$6164 (2.50%)$2,73842 (25.11%)$2,676
*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, 101 (44.44 % of students) get any students loan help and its average loan amount is $101.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14257 (53%)$5,554257 (53%)$5,554--
2014-15176 (58%)$5,558176 (58%)$5,558--
2015-16151 (64%)$5,575151 (64%)$5,575--
2016-1775 (34%)$5,75275 (34%)$5,752--
2017-1881 (41%)$5,44281 (41%)$5,442--
2018-1957 (32%)$5,55857 (32%)$5,558--
2019-2050 (44%)$5,03950 (44%)$5,039--
2020-2121 (32%)$6,51621 (32%)$6,516--
2021-2239 (42%)$5,63739 (42%)$5,637--
Average101 (44.44%)$5,626101 (44.44%)$5,626--

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