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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Michigan Colleges since 2012. For that period, the average number of students who received grants aid/scholarships is 3,996, which is 77.50 % of all undergraduate students. 3,151 students which is 55.30% of undergraduate students received federal student loans and the average loan amount: $7,105.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-134,133 (77%)$9,0972,373 (41%)$3,9553,802 (62%)$7,384
2013-144,145 (76%)$9,7502,271 (39%)$3,9753,681 (60%)$7,442
2014-154,336 (77%)$10,3802,469 (39%)$4,0003,866 (60%)$7,289
2015-164,016 (74%)$10,2022,230 (36%)$4,0683,519 (57%)$7,305
2016-173,925 (74%)$10,8142,056 (35%)$4,1243,333 (57%)$7,282
2017-183,872 (76%)$11,4371,980 (37%)$4,2323,142 (56%)$7,055
2018-193,807 (76%)$12,0781,865 (35%)$4,4582,905 (53%)$6,971
2019-203,882 (79%)$12,5791,749 (34%)$4,5412,732 (53%)$6,878
2020-213,825 (82%)$12,6401,578 (32%)$4,5912,388 (49%)$6,850
2021-224,019 (84%)$13,7631,512 (31%)$4,6122,139 (46%)$6,595
Average3,996 (77.50%)$11,2742,008 (35.90%)$4,2563,151 (55.30%)$7,105

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 10 years, on average, 793 (89.60 % of students) received grants or scholarships and its average amount is $13,327. It can cover 61.82% of tuition & fees ($21,558) based on out-of-state rate. In addition, 559 (60.90 % of students) students get helped from the students loans (average amount : $7,271).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-13765 (85%)$10,752660 (66%)$6,933
2013-14767 (86%)$11,265610 (63%)$7,076
2014-15796 (87%)$11,795606 (64%)$7,035
2015-16794 (88%)$12,296595 (62%)$7,323
2016-17805 (88%)$12,934587 (63%)$7,562
2017-18775 (90%)$13,634578 (61%)$7,427
2018-19790 (90%)$13,959562 (61%)$7,310
2019-20798 (92%)$15,079526 (61%)$7,477
2020-21780 (94%)$15,511439 (55%)$7,388
2021-22855 (96%)$16,044423 (53%)$7,178
Average793 (89.60%)$13,327559 (60.90%)$7,271
*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, 352 (40.70 % of students) received Pell (federal) grants and its average amount is $4,541. In addition, 203 students received State/local government grants/scholarships (34.70 % 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
2012-13396 (45%)$4,201151 (22%)$1,098222 (36%)$1,752655 (73%)$8,269
2013-14377 (42%)$4,309141 (21%)$978242 (37%)$1,754677 (76%)$8,802
2014-15392 (43%)$4,384131 (21%)$973224 (37%)$1,976708 (77%)$9,236
2015-16374 (41%)$4,452135 (20%)$996205 (34%)$2,173701 (76%)$9,621
2016-17358 (40%)$4,312128 (19%)$1,035248 (37%)$2,119717 (78%)$10,686
2017-18356 (42%)$4,528131 (20%)$1,073193 (36%)$2,400715 (81%)$11,014
2018-19351 (40%)$4,656130 (20%)$998188 (33%)$2,687735 (81%)$11,410
2019-20332 (40%)$4,764307 (40%)$1,164193 (34%)$3,081717 (82%)$11,909
2020-21291 (36%)$4,912430 (51%)$1,171166 (33%)$3,035707 (83%)$12,390
2021-22290 (38%)$4,892497 (57%)$1,631145 (30%)$3,233768 (87%)$12,533
Average352 (40.70%)$4,541218 (29.10%)$1,112203 (34.70%)$2,421710 (79.40%)$10,587
*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, 559 (60.90 % of students) get any students loan help and its average loan amount is $559.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2012-13660 (66%)$6,933667 (66%)$5,94964 (8%)$10,195
2013-14610 (63%)$7,076617 (64%)$6,05063 (8%)$10,681
2014-15606 (64%)$7,035620 (65%)$5,87068 (9%)$10,882
2015-16595 (62%)$7,323596 (62%)$5,87574 (10%)$11,521
2016-17587 (63%)$7,562587 (63%)$5,79472 (12%)$12,093
2017-18578 (61%)$7,427590 (61%)$5,70379 (10%)$11,848
2018-19562 (61%)$7,310560 (60%)$5,32790 (12%)$12,437
2019-20526 (61%)$7,477524 (60%)$5,40093 (12%)$12,632
2020-21439 (55%)$7,388435 (53%)$5,35773 (11%)$13,185
2021-22423 (53%)$7,178418 (52%)$5,32672 (9%)$13,753
Average559 (60.90%)$7,271561 (60.60%)$5,66575 (10.10%)$11,923
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