Financial Aid at USMMA
Financial Aid Amount Received
$4,362 (461.59% of tuition)
Percent of Financial Aid Received
12% of 931 students
117 undergraduate students (12% of all students) have received grants, scholarships, and/or federal student loans at United States Merchant Marine Academy. The percentage of students who received financial aid lower compared to Public, 4-Years Colleges in New York.
Compared to similar schools in rankings such as Vaughn College of Aeronautics and Technology and Berkeley College-New York, the percentage of students who received financial aid is lower (the average of the schools is 90.44%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,362 and the average loan amount is $3,696. The average financial aid amount is 461.59% of tuition & fees based on out-of-state rate (tuition & fees: $945).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 117 | 12% | $510,395 | $4,362 |
| Pell Grants | 78 | 8% | $397,236 | $5,093 |
| Federal Students Loans | 61 | 6% | $225,457 | $3,696 |
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), 25 students have received one or more types of financial aid at United States Merchant Marine Academy.
The average amount of federal, state, local or institutional grant aid is $4,489 and the average amount of student loans awarded to full-time first-time undergraduate students is $4,320.
The following table shows the financial data by type of aid at United States Merchant Marine Academy.
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 | 39 | 17% | - | - |
| Grant or scholarship aid | 25 | 11% | $112,229 | $4,489 |
| Federal Grants | 25 | 11% | $112,229 | $4,489 |
| Pell Grants | 25 | 11% | $112,229 | $4,489 |
| Other Federal Grants | 0 | 0% | $0 | $0 |
| State/Local Grants | 0 | 0% | $0 | $0 |
| Institutional Grants | 0 | 0% | $0 | $0 |
| Student Loans | 27 | 12% | $116,647 | $4,320 |
| Federal Student Loans | 27 | 12% | $116,647 | $4,320 |
| Other Student Loans | 0 | 0% | $0 | $0 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at United States Merchant Marine Academy.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $112,229 | $2,878 |
| 0 - $30,000 | 13 | 13 | $71,228 | $5,479 |
| $30,001 - $48,000 | 8 | 8 | $30,151 | $3,769 |
| $48,001 - $75,000 | 3 | 2 | $8,190 | $2,730 |
| $75,001 - $110,000 | 5 | 2 | $2,660 | $532 |
| $110,001 - more | 10 | 0 | $0 | $0 |
Number of Students by Living Arrangement (Freshmen)
At United States Merchant Marine Academy, 25 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 0 students live off-campus.
| # of Students | |
|---|---|
| Living On-Campus | 25 |
| Living Off-Campus | 0 |
| Living with Family | 0 |
| Un-known | 0 |