Grants, Scholarships, and Student Loan Stats Trends for Arkansas Colleges

For the academic year 2021-2022, 86% of students received grants and/or scholarships and its average aid amount is $11,929. Compared to the percent of received 10 years ago, more students received the financial aid from 83% to 86%. The average financial aid amount has increased from $9,353 to $11,929 at Arkansas Colleges.
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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Arkansas Colleges since 2012. For that period, the average number of students who received grants aid/scholarships is 76,030, which is 83.30 % of all undergraduate students. 46,879 students which is 55.70% of undergraduate students received federal student loans and the average loan amount: $6,955.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-1377,714 (83%)$9,35340,754 (47%)$4,01249,302 (57%)$7,035
2013-1480,068 (82%)$10,17543,827 (49%)$4,08752,331 (58%)$7,010
2014-1580,658 (83%)$10,58244,100 (50%)$4,18452,084 (59%)$7,120
2015-1678,290 (81%)$10,25540,654 (46%)$4,07449,593 (54%)$7,206
2016-1775,357 (83%)$9,79139,382 (46%)$4,26549,658 (56%)$7,116
2017-1874,139 (83%)$10,92039,183 (47%)$4,56749,315 (58%)$6,931
2018-1972,756 (82%)$11,08137,284 (47%)$4,63246,383 (56%)$6,906
2019-2077,005 (84%)$11,46535,226 (46%)$4,75343,995 (55%)$6,818
2020-2174,719 (86%)$12,26232,342 (46%)$4,73839,656 (53%)$6,734
2021-2269,597 (86%)$11,92930,032 (43%)$4,80336,475 (51%)$6,677
Average76,030 (83.30%)$10,78138,278 (46.70%)$4,41246,879 (55.70%)$6,955

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

For the last 10 years, on average, 15,762 (93.80 % of students) received grants or scholarships and its average amount is $11,049. It can cover 70.09% of tuition & fees ($15,763) based on out-of-state rate. In addition, 9,607 (61.10 % of students) students get helped from the students loans (average amount : $6,365).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-1316,460 (93%)$10,2839,523 (60%)$6,072
2013-1416,967 (94%)$9,90910,687 (64%)$6,296
2014-1517,253 (95%)$10,02810,960 (65%)$6,300
2015-1616,848 (93%)$10,55610,717 (62%)$6,277
2016-1715,618 (93%)$10,46910,160 (63%)$6,648
2017-1815,516 (93%)$11,1089,851 (62%)$6,277
2018-1915,129 (93%)$11,4419,462 (61%)$6,420
2019-2016,085 (94%)$11,8799,206 (61%)$6,374
2020-2113,896 (95%)$12,2857,864 (59%)$6,413
2021-2213,846 (95%)$12,5307,635 (54%)$6,572
Average15,762 (93.80%)$11,0499,607 (61.10%)$6,365
*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, 7,783 (52.10 % of students) received Pell (federal) grants and its average amount is $4,623. In addition, 9,021 students received State/local government grants/scholarships (44.70 % 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
2012-138,543 (52%)$4,1681,508 (12%)$87710,155 (51%)$4,28710,357 (70%)$6,901
2013-149,180 (55%)$4,2981,623 (14%)$7789,827 (52%)$2,40812,672 (75%)$7,366
2014-159,349 (57%)$4,4221,362 (14%)$1,02210,058 (49%)$2,34011,059 (71%)$7,958
2015-168,725 (52%)$4,4081,561 (12%)$8709,961 (49%)$2,34210,371 (68%)$8,185
2016-177,737 (51%)$4,4461,717 (14%)$1,1469,180 (45%)$1,58810,579 (70%)$8,263
2017-187,604 (51%)$4,6601,855 (17%)$1,0059,095 (44%)$1,46210,873 (71%)$8,811
2018-197,460 (52%)$4,7531,927 (17%)$1,0378,880 (41%)$1,56811,223 (70%)$9,114
2019-207,267 (52%)$4,9607,909 (39%)$1,1228,779 (43%)$1,52211,180 (75%)$9,449
2020-216,111 (53%)$4,9196,520 (45%)$1,6467,427 (38%)$1,58811,157 (78%)$9,819
2021-225,858 (46%)$5,1986,760 (46%)$1,9706,849 (35%)$1,63311,264 (80%)$10,322
Average7,783 (52.10%)$4,6233,274 (23.00%)$1,1479,021 (44.70%)$2,07411,074 (72.80%)$8,619
*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, 9,607 (61.10 % of students) get any students loan help and its average loan amount is $9,607.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2012-139,523 (60%)$6,0729,464 (59%)$5,674469 (6%)$7,117
2013-1410,687 (64%)$6,29610,599 (63%)$5,929510 (7%)$6,925
2014-1510,960 (65%)$6,30010,863 (64%)$5,833559 (6%)$8,261
2015-1610,717 (62%)$6,27710,562 (60%)$5,698761 (7%)$8,499
2016-1710,160 (63%)$6,64810,025 (62%)$6,034800 (7%)$8,174
2017-189,851 (62%)$6,2779,738 (61%)$5,794801 (5%)$8,188
2018-199,462 (61%)$6,4209,319 (60%)$5,7811,026 (8%)$7,925
2019-209,206 (61%)$6,3749,058 (60%)$5,785915 (7%)$8,882
2020-217,864 (59%)$6,4137,669 (57%)$5,863806 (6%)$9,164
2021-227,635 (54%)$6,5727,444 (53%)$5,724964 (7%)$10,964
Average9,607 (61.10%)$6,3659,474 (59.90%)$5,812761 (6.60%)$8,410
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