Scholarships, Grants, and Loan Trends at Arclabs

Over the past 8 years (2015-2022), the average number of students who received grants aid/scholarships is 440, which is 61.43 % of all undergraduate students. 334 students which is 42.86% of undergraduate students received federal student loans and the average loan amount is $8,642.
For full-time, first-time beginning students (freshmen), 71.71% of students received grants or scholarships and 69% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Arclabs since 2015.
For that period, the average number of students who received grants aid/scholarships is 440, which is 61.43 % of all undergraduate students. 334 students which is 42.86% of undergraduate students received federal student loans and the average loan amount is $8,642.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2015-16160 (60%)$7,94960 (22%)$4,45863 (24%)$9,314
2016-17218 (61%)$6,484127 (36%)$4,012122 (34%)$8,947
2017-18426 (65%)$6,973262 (40%)$4,345264 (40%)$8,478
2018-19571 (63%)$5,428534 (58%)$5,075467 (51%)$8,478
2019-20582 (62%)$5,173538 (57%)$4,810438 (46%)$9,058
2020-21583 (61%)$5,495548 (57%)$5,142460 (48%)$7,903
2021-22538 (58%)$5,765520 (56%)$5,417527 (57%)$8,314
Average440 (61.43%)$6,181370 (46.57%)$4,751334 (42.86%)$8,642

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

For the last 8 years, on average, 96 (71.71 % of students) received grants or scholarships and its average amount is $5,843. It can cover 30.92% of tuition & fees ($18,900).
In addition, 99 (68.57 % of students) students get helped from the students loans (average amount : $8,640).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2015-1638 (64%)$6,44524 (41%)$9,761
2016-1736 (75%)$5,13322 (46%)$8,438
2017-1871 (68%)$5,51579 (75%)$7,970
2018-19112 (79%)$5,828111 (78%)$8,496
2019-20127 (74%)$5,770138 (80%)$9,129
2020-21133 (71%)$5,777153 (81%)$7,729
2021-22152 (71%)$6,436169 (79%)$8,956
Average96 (71.71%)$5,84399 (68.57%)$8,640
*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 8 years, on average, 87 (60.71 % of students) received Pell (federal) grants and its average amount is $5,030.
In addition, 13 students received State/local government grants/scholarships (15.00 % 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
2015-1624 (41%)$4,755--19 (32%)$6,883--
2016-1718 (38%)$3,726--19 (40%)$6,196--
2017-1865 (62%)$4,535--12 (11%)$8,067--
2018-19107 (75%)$5,402--8 (6%)$9,345--
2019-20123 (72%)$5,380--11 (6%)$6,461--
2020-21127 (68%)$5,405--11 (6%)$7,446--
2021-22147 (69%)$6,01020 (9%)$8739 (4%)$8,588--
Average87 (60.71%)$5,03020 (9.00%)$87313 (15.00%)$7,569--
*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 8 years, on average, 99 (68.57 % of students) get any students loan help and its average loan amount is $99.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2015-1624 (41%)$9,76124 (41%)$9,761--
2016-1722 (46%)$8,43822 (46%)$8,438--
2017-1879 (75%)$7,97079 (75%)$7,970--
2018-19111 (78%)$8,496111 (78%)$8,496--
2019-20138 (80%)$9,129138 (80%)$9,129--
2020-21153 (81%)$7,729153 (81%)$7,729--
2021-22169 (79%)$8,956169 (79%)$8,956--
Average99 (68.57%)$8,64099 (68.57%)$8,640--
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