Financial Aid at Merrimack
Financial Aid Amount Received
$25,169 (48.60% of tuition)
Percent of Financial Aid Received
95% of 4,229 students
3,912 undergraduate students (95% of all students) have received grants, scholarships, and/or federal student loans at Merrimack College. The percentage of students who received financial aid much higher compared to Private (not-for-profit), 4-Years Colleges in Massachusetts.
Compared to similar schools in rankings such as Bay Path University and Bentley University, the percentage of students who received financial aid is much higher (the average of the schools is 71.00%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $25,169 and the average loan amount is $6,561. The average financial aid amount is 48.60% of tuition & fees (tuition & fees: $51,786).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 3,912 | 95% | $98,462,489 | $25,169 |
| Pell Grants | 664 | 16% | $3,188,349 | $4,802 |
| Federal Students Loans | 2,573 | 62% | $16,881,143 | $6,561 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 940 students have received one or more types of financial aid at Merrimack College.
The average amount of federal, state, local or institutional grant aid is $27,729 and the average amount of student loans awarded to full-time first-time undergraduate students is $12,924.
The following table shows the financial data by type of aid at Merrimack College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 940 | 97% | - | - |
| Grant or scholarship aid | 940 | 97% | $26,065,514 | $27,729 |
| Federal Grants | 172 | 18% | $933,260 | $5,426 |
| Pell Grants | 172 | 18% | $840,760 | $4,888 |
| Other Federal Grants | 27 | 3% | $92,500 | $3,426 |
| State/Local Grants | 141 | 15% | $323,150 | $2,292 |
| Institutional Grants | 940 | 97% | $24,809,104 | $26,393 |
| Student Loans | 617 | 64% | $7,974,185 | $12,924 |
| Federal Student Loans | 595 | 62% | $3,185,473 | $5,354 |
| Other Student Loans | 202 | 21% | $4,788,712 | $23,706 |