Over the past 3 years (2022-2023), the average number of students who received grants aid/scholarships is 313, which is 87.00 % of all undergraduate students. 353 students which is 97.50% of undergraduate students received federal student loans and the average loan amount is $8,043.
For full-time, first-time beginning students (freshmen), 90.00% of students received grants or scholarships and 99% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at American Institute-Cherry Hill since 2021.
For that period, the average number of students who received grants aid/scholarships is 313, which is 87.00 % of all undergraduate students. 353 students which is 97.50% of undergraduate students received federal student loans and the average loan amount is $8,043.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2021-22 | 219 (89%) | $3,964 | 219 (89%) | $3,858 | 238 (97%) | $8,137 |
| 2022-23 | 406 (85%) | $4,485 | 406 (85%) | $4,324 | 468 (98%) | $7,949 |
| Average | 313 (87.00%) | $4,225 | 313 (87.00%) | $4,091 | 353 (97.50%) | $8,043 |
For the last 3 years, on average, 131 (90.00 % of students) received grants or scholarships and its average amount is $4,853. It can cover 24.89% of tuition & fees ($19,495).
In addition, 144 (99.00 % of students) students get helped from the students loans (average amount : $9,295).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2021-22 | 137 (90%) | $4,315 | 151 (99%) | $9,393 |
| 2022-23 | 124 (90%) | $5,391 | 137 (99%) | $9,197 |
| Average | 131 (90.00%) | $4,853 | 144 (99.00%) | $9,295 |
The following table shows the trends of grants or scholarships over time. For the last 3 years, on average, 131 (90.00 % of students) received Pell (federal) grants and its average amount is $4,664.
In addition, 2 students received State/local government grants/scholarships (1.00 % of students).
| Year | Federal (Pell) Grants | Other Federal | State/Local government | Institutional | ||||
|---|---|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2021-22 | 137 (90%) | $4,205 | 107 (70%) | $141 | - | - | - | - |
| 2022-23 | 124 (90%) | $5,122 | 101 (73%) | $139 | 2 (1%) | $2,000 | 2 (1%) | $7,651 |
| Average | 131 (90.00%) | $4,664 | 104 (71.50%) | $140 | 2 (1.00%) | $2,000 | 2 (1.00%) | $7,651 |
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 3 years, on average, 144 (99.00 % of students) get any students loan help and its average loan amount is $144.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2021-22 | 151 (99%) | $9,393 | 147 (97%) | $8,026 | 118 (78%) | $2,022 |
| 2022-23 | 137 (99%) | $9,197 | 133 (96%) | $7,677 | 113 (82%) | $2,114 |
| Average | 144 (99.00%) | $9,295 | 140 (96.50%) | $7,852 | 116 (80.00%) | $2,068 |
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