Over the past 8 years (2017-2023), the average number of students who received grants aid/scholarships is 295, which is 79.29 % of all undergraduate students. 296 students which is 76.00% of undergraduate students received federal student loans and the average loan amount is $7,499.
For full-time, first-time beginning students (freshmen), 89.43% of students received grants or scholarships and 97% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at American Institute-Somerset since 2016.
For that period, the average number of students who received grants aid/scholarships is 295, which is 79.29 % of all undergraduate students. 296 students which is 76.00% of undergraduate students received federal student loans and the average loan amount is $7,499.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2016-17 | 19 (90%) | $3,500 | 16 (76%) | $2,026 | 15 (71%) | $7,728 |
| 2017-18 | 155 (85%) | $3,731 | 149 (81%) | $2,778 | 147 (80%) | $7,809 |
| 2018-19 | 275 (78%) | $3,405 | 266 (76%) | $2,836 | 259 (74%) | $7,035 |
| 2019-20 | 315 (67%) | $3,346 | 302 (64%) | $2,737 | 318 (67%) | $6,893 |
| 2020-21 | 421 (68%) | $3,029 | 416 (67%) | $2,771 | 422 (68%) | $7,700 |
| 2021-22 | 480 (84%) | $3,839 | 474 (83%) | $3,554 | 503 (88%) | $7,967 |
| 2022-23 | 400 (83%) | $4,229 | 396 (82%) | $3,913 | 406 (84%) | $7,362 |
| Average | 295 (79.29%) | $3,583 | 288 (75.57%) | $2,945 | 296 (76.00%) | $7,499 |
For the last 8 years, on average, 106 (89.43 % of students) received grants or scholarships and its average amount is $4,008. It can cover 20.56% of tuition & fees ($19,495).
In addition, 116 (96.71 % of students) students get helped from the students loans (average amount : $9,005).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2016-17 | 13 (100%) | $3,874 | 13 (100%) | $6,393 |
| 2017-18 | 99 (93%) | $3,666 | 100 (93%) | $9,358 |
| 2018-19 | 135 (90%) | $3,532 | 144 (96%) | $9,223 |
| 2019-20 | 140 (84%) | $3,675 | 160 (96%) | $9,175 |
| 2020-21 | 139 (89%) | $3,188 | 155 (99%) | $9,526 |
| 2021-22 | 135 (86%) | $3,995 | 156 (99%) | $9,304 |
| 2022-23 | 78 (84%) | $6,126 | 87 (94%) | $10,059 |
| Average | 106 (89.43%) | $4,008 | 116 (96.71%) | $9,005 |
The following table shows the trends of grants or scholarships over time. For the last 8 years, on average, 104 (86.14 % of students) received Pell (federal) grants and its average amount is $3,298.
In addition, 5 students received State/local government grants/scholarships (5.86 % 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 | |
| 2016-17 | 11 (85%) | $2,181 | 11 (85%) | $100 | 2 (15%) | $3,500 | 5 (38%) | $3,654 |
| 2017-18 | 96 (90%) | $2,784 | 80 (75%) | $94 | 8 (7%) | $3,400 | 11 (10%) | $5,541 |
| 2018-19 | 133 (89%) | $3,066 | 108 (72%) | $91 | 7 (5%) | $2,429 | 7 (5%) | $6,036 |
| 2019-20 | 136 (81%) | $2,960 | 108 (65%) | $89 | 7 (4%) | $10,551 | 5 (3%) | $5,694 |
| 2020-21 | 138 (88%) | $2,836 | 112 (71%) | $91 | 5 (3%) | $3,274 | 5 (3%) | $5,063 |
| 2021-22 | 135 (86%) | $3,844 | 103 (66%) | $143 | 1 (1%) | $2,000 | 1 (1%) | $3,653 |
| 2022-23 | 78 (84%) | $5,416 | 60 (65%) | $146 | 6 (6%) | $3,000 | 6 (6%) | $4,776 |
| Average | 104 (86.14%) | $3,298 | 83 (71.29%) | $108 | 5 (5.86%) | $4,022 | 6 (9.43%) | $4,917 |
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 8 years, on average, 116 (96.71 % of students) get any students loan help and its average loan amount is $116.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2016-17 | 13 (100%) | $6,393 | 10 (77%) | $7,587 | 13 (100%) | $557 |
| 2017-18 | 100 (93%) | $9,358 | 90 (84%) | $8,281 | 91 (85%) | $2,093 |
| 2018-19 | 144 (96%) | $9,223 | 140 (93%) | $7,946 | 118 (79%) | $1,827 |
| 2019-20 | 160 (96%) | $9,175 | 146 (87%) | $7,922 | 121 (72%) | $2,573 |
| 2020-21 | 155 (99%) | $9,526 | 144 (92%) | $8,419 | 109 (69%) | $2,424 |
| 2021-22 | 156 (99%) | $9,304 | 142 (90%) | $8,059 | 103 (66%) | $2,981 |
| 2022-23 | 87 (94%) | $10,059 | 80 (86%) | $7,980 | 66 (71%) | $3,586 |
| Average | 116 (96.71%) | $9,005 | 107 (87.00%) | $8,028 | 89 (77.43%) | $2,292 |
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