Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,242, which is 55.33 % of all undergraduate students. 581 students which is 25.00% of undergraduate students received federal student loans and the average loan amount is $5,030.

For full-time, first-time beginning students (freshmen), 84.11% of students received grants or scholarships and 35% 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 Southwestern Michigan College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,242, which is 55.33 % of all undergraduate students. 581 students which is 25.00% of undergraduate students received federal student loans and the average loan amount is $5,030.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,749 (62%)$4,1981,492 (53%)$3,5441,076 (38%)$5,804
2014-151,470 (57%)$4,2991,246 (49%)$3,634826 (32%)$5,105
2015-161,308 (56%)$4,4641,020 (43%)$3,765685 (29%)$5,104
2016-171,248 (55%)$4,407917 (41%)$3,728599 (27%)$4,868
2017-181,254 (54%)$4,729980 (42%)$3,870559 (24%)$4,781
2018-191,074 (50%)$4,642772 (36%)$3,907448 (21%)$5,012
2019-201,088 (51%)$4,936799 (37%)$4,102453 (21%)$4,865
2020-21935 (53%)$4,844642 (36%)$4,103315 (18%)$4,813
2021-221,048 (60%)$4,706672 (38%)$3,837265 (15%)$4,914
Average1,242 (55.33%)$4,581949 (41.67%)$3,832581 (25.00%)$5,030
*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, 392 (84.11 % of students) received grants or scholarships and its average amount is $5,270. It can cover 67.13% of tuition & fees ($7,850) based on out-of-state rate.

In addition, 172 (35.44 % of students) students get helped from the students loans (average amount : $4,845).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14486 (79%)$4,777291 (47%)$4,890
2014-15413 (77%)$5,105214 (40%)$4,795
2015-16425 (82%)$4,856188 (36%)$5,056
2016-17408 (85%)$4,940179 (37%)$4,890
2017-18452 (85%)$5,187186 (35%)$4,716
2018-19347 (85%)$5,560138 (34%)$5,220
2019-20412 (86%)$5,805176 (37%)$4,851
2020-21286 (84%)$5,42993 (27%)$4,645
2021-22296 (94%)$5,76881 (26%)$4,539
Average392 (84.11%)$5,270172 (35.44%)$4,845
*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, 287 (60.56 % of students) received Pell (federal) grants and its average amount is $4,495.

In addition, 115 students received State/local government grants/scholarships (25.22 % 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
2013-14392 (64%)$4,19183 (13%)$332121 (20%)$2,475186 (30%)$1,891
2014-15347 (65%)$4,33791 (17%)$399107 (20%)$2,569157 (29%)$1,861
2015-16313 (61%)$4,21458 (11%)$370106 (21%)$2,523227 (44%)$2,009
2016-17295 (61%)$4,24798 (20%)$465116 (24%)$2,405213 (44%)$2,057
2017-18330 (62%)$4,407137 (26%)$251139 (26%)$2,827235 (44%)$1,970
2018-19244 (60%)$4,743136 (33%)$35999 (24%)$2,993212 (52%)$2,013
2019-20297 (62%)$4,849154 (32%)$385135 (28%)$3,022226 (47%)$2,144
2020-21185 (54%)$4,67472 (21%)$267116 (34%)$2,975170 (50%)$1,903
2021-22178 (56%)$4,79693 (29%)$26195 (30%)$3,705290 (92%)$1,646
Average287 (60.56%)$4,495102 (22.44%)$343115 (25.22%)$2,833213 (48.00%)$1,944
*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, 172 (35.44 % of students) get any students loan help and its average loan amount is $172.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14291 (47%)$4,890291 (47%)$4,890--
2014-15214 (40%)$4,795213 (40%)$4,6206 (1%)$6,996
2015-16188 (36%)$5,056183 (35%)$4,73010 (2%)$8,488
2016-17179 (37%)$4,890177 (37%)$4,5469 (2%)$7,859
2017-18186 (35%)$4,716184 (35%)$4,5815 (1%)$6,860
2018-19138 (34%)$5,220134 (33%)$4,9327 (2%)$8,499
2019-20176 (37%)$4,851173 (36%)$4,5127 (1%)$10,448
2020-2193 (27%)$4,64588 (26%)$4,2075 (1%)$12,362
2021-2281 (26%)$4,53981 (26%)$4,4151 (0%)$10,065
Average172 (35.44%)$4,845169 (35.00%)$4,6046 (1.43%)$8,947