Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 112, which is 11.67 % of all undergraduate students. 74 students which is 7.56% of undergraduate students received federal student loans and the average loan amount is $4,605.

For full-time, first-time beginning students (freshmen), 11.44% of students received grants or scholarships and 13% 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 United States Merchant Marine Academy since 2013.

For that period, the average number of students who received grants aid/scholarships is 112, which is 11.67 % of all undergraduate students. 74 students which is 7.56% of undergraduate students received federal student loans and the average loan amount is $4,605.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1475 (8%)$4,33575 (8%)$4,33564 (7%)$3,804
2014-15113 (12%)$3,33263 (7%)$4,28467 (7%)$4,747
2015-16106 (12%)$3,91769 (8%)$4,438111 (12%)$4,002
2016-17122 (13%)$3,18269 (8%)$4,22994 (10%)$5,721
2017-1895 (10%)$4,56995 (10%)$4,56980 (8%)$5,541
2018-19129 (13%)$3,71174 (7%)$4,83662 (6%)$5,489
2019-20122 (12%)$4,17582 (8%)$4,92463 (6%)$4,279
2020-21132 (13%)$4,01882 (8%)$5,39463 (6%)$4,169
2021-22117 (12%)$4,36278 (8%)$5,09361 (6%)$3,696
Average112 (11.67%)$3,95676 (8.00%)$4,67874 (7.56%)$4,605
*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, 28 (11.44 % of students) received grants or scholarships and its average amount is $4,305. It can cover 455.57% of tuition & fees ($945) based on out-of-state rate.

In addition, 30 (12.78 % of students) students get helped from the students loans (average amount : $4,660).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1438 (17%)$3,48028 (13%)$3,066
2014-1537 (16%)$4,40227 (12%)$5,601
2015-1619 (8%)$3,89439 (17%)$4,988
2016-1724 (9%)$3,59739 (15%)$5,414
2017-1843 (16%)$4,14236 (14%)$5,774
2018-1916 (6%)$4,45818 (7%)$4,352
2019-2027 (11%)$4,99130 (12%)$4,241
2020-2121 (9%)$5,29330 (13%)$4,181
2021-2225 (11%)$4,48927 (12%)$4,320
Average28 (11.44%)$4,30530 (12.78%)$4,660
*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, 26 (10.89 % of students) received Pell (federal) grants and its average amount is $4,300.

In addition, 5 students received State/local government grants/scholarships (7.00 % 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
2013-1438 (17%)$3,454--1 (0%)$1,000--
2014-1525 (11%)$4,4082 (1%)$1,10715 (7%)$3,3301 (0%)$500
2015-1618 (8%)$3,987--1 (0%)$2,216--
2016-1724 (9%)$3,482--1 (0%)$2,761--
2017-1843 (16%)$4,142------
2018-1916 (6%)$4,458------
2019-2027 (11%)$4,991------
2020-2121 (9%)$5,293------
2021-2225 (11%)$4,489------
Average26 (10.89%)$4,3002 (1.00%)$1,1075 (7.00%)$2,3271 (0.00%)$500
*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, 30 (12.78 % of students) get any students loan help and its average loan amount is $30.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1428 (13%)$3,06628 (13%)$3,066--
2014-1527 (12%)$5,60127 (12%)$5,601--
2015-1639 (17%)$4,98839 (17%)$4,988--
2016-1739 (15%)$5,41439 (15%)$5,414--
2017-1836 (14%)$5,77436 (14%)$5,774--
2018-1918 (7%)$4,35218 (7%)$4,352--
2019-2030 (12%)$4,24129 (11%)$4,2321 (0%)$4,500
2020-2130 (13%)$4,18129 (13%)$4,1701 (0%)$4,500
2021-2227 (12%)$4,32027 (12%)$4,320--
Average30 (12.78%)$4,66030 (12.67%)$4,6571 (0.00%)$4,500

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