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What is the average loan amount at Merrimack College?

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For the academic year 2022-2023, total 617 full-time, first-time students (64% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 2,573 students (62% of all students) have received federal student loans and the average loan amount is $6,561 at Merrimack College.

Below tables show the number and amount by source of financial aid at Merrimack College.
All Undergraduate Student Financial Aid at Merrimack College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid3,91295%$25,169
Pell Grants66416%$4,802
Federal Student Loans2,57362%$6,561
Beginning Students (Freshmen) Financial Aid at Merrimack College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid94198%-
Grants or Scholarship from All Sources94097%$27,729
Federal Grants17218%$5,426
Pell Grants17218%$4,888
Other Federal Grants273%$3,426
State/Local Grants14115%$2,292
Institutional Grants94097%$26,393
Student Loans61764%$12,924
Federal Student Loans59562%$5,354
Other Student Loans20221%$23,706
see more grants, scholarship, student loans, and other financial aid stats

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