Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 342, which is 66.00 % of all undergraduate students. 320 students which is 61.56% of undergraduate students received federal student loans and the average loan amount is $7,053.

For full-time, first-time beginning students (freshmen), 72.11% of students received grants or scholarships and 81% 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 Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 342, which is 66.00 % of all undergraduate students. 320 students which is 61.56% of undergraduate students received federal student loans and the average loan amount is $7,053.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14416 (76%)$3,916355 (65%)$3,243412 (76%)$5,715
2014-15348 (67%)$4,536288 (56%)$4,142294 (57%)$6,857
2015-16372 (81%)$5,146340 (74%)$4,046347 (75%)$6,619
2016-17342 (69%)$4,491313 (63%)$3,343323 (65%)$7,704
2017-18347 (63%)$3,882329 (60%)$3,306375 (68%)$5,815
2018-19317 (58%)$4,110300 (55%)$3,650270 (50%)$7,387
2019-20317 (63%)$5,296271 (54%)$3,947233 (46%)$7,504
2020-21373 (64%)$6,145323 (55%)$4,756381 (65%)$8,120
2021-22244 (53%)$4,735230 (50%)$3,838242 (52%)$7,752
Average342 (66.00%)$4,695305 (59.11%)$3,808320 (61.56%)$7,053
*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, 198 (72.11 % of students) received grants or scholarships and its average amount is $4,698. It can cover 15.18% of tuition & fees ($30,956).

In addition, 223 (81.11 % of students) students get helped from the students loans (average amount : $7,377).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14221 (76%)$4,485227 (79%)$6,652
2014-15198 (73%)$4,359208 (76%)$7,081
2015-16173 (78%)$4,568162 (73%)$6,988
2016-17196 (70%)$4,196242 (87%)$8,292
2017-18200 (70%)$4,087247 (86%)$6,189
2018-19205 (70%)$4,113226 (77%)$7,292
2019-20191 (67%)$5,583211 (74%)$7,186
2020-21271 (87%)$6,121285 (91%)$8,400
2021-22130 (58%)$4,773195 (87%)$8,313
Average198 (72.11%)$4,698223 (81.11%)$7,377
*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, 185 (67.22 % of students) received Pell (federal) grants and its average amount is $3,983.

In addition, 11 students received State/local government grants/scholarships (4.13 % 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
2013-14207 (72%)$3,78795 (33%)$20324 (8%)$5,94840 (14%)$1,126
2014-15183 (67%)$4,13186 (32%)$21211 (4%)$3,00446 (17%)$1,214
2015-16163 (73%)$3,83967 (30%)$19020 (9%)$5,62529 (13%)$1,355
2016-17191 (68%)$3,620116 (42%)$21612 (4%)$8,831--
2017-18193 (67%)$3,648117 (41%)$19810 (3%)$8,9732 (1%)$186
2018-19201 (69%)$3,809134 (46%)$3008 (3%)$3,5972 (1%)$4,312
2019-20162 (57%)$4,363172 (60%)$1,7724 (1%)$12,9761 (0%)$2,835
2020-21234 (75%)$4,525251 (80%)$2,2072 (1%)$17,9822 (1%)$5,016
2021-22128 (57%)$4,12397 (43%)$956----
Average185 (67.22%)$3,983126 (45.22%)$69511 (4.13%)$8,36717 (7.83%)$2,292
*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, 223 (81.11 % of students) get any students loan help and its average loan amount is $223.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14227 (79%)$6,652223 (77%)$6,66095 (33%)$260
2014-15208 (76%)$7,081192 (70%)$7,535106 (39%)$245
2015-16162 (73%)$6,988160 (72%)$6,90276 (34%)$364
2016-17242 (87%)$8,292232 (83%)$8,439143 (51%)$342
2017-18247 (86%)$6,189217 (76%)$6,747151 (53%)$428
2018-19226 (77%)$7,292204 (70%)$7,821131 (45%)$401
2019-20211 (74%)$7,186176 (62%)$8,162131 (46%)$608
2020-21285 (91%)$8,400280 (89%)$8,046181 (58%)$778
2021-22195 (87%)$8,313167 (75%)$8,711126 (56%)$1,320
Average223 (81.11%)$7,377206 (74.89%)$7,669127 (46.11%)$527