Financial Aid Trends for California Colleges

For the academic year 2023-2024, 65% of students received grants and/or scholarships and its average aid amount is $13,500.

Compared to the percent of received 10 years ago, less students received the financial aid from 68% to 66%. The average financial aid amount has increased from $9,940 to $13,123 at California Colleges.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at California Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 761,328, which is 67.11 % of all undergraduate students.

331,437 students which is 46.56% of undergraduate students received federal student loans and the average loan amount: $7,449.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15775,542 (68%)$9,940473,515 (45%)$4,110406,527 (52%)$7,666
2015-16755,590 (68%)$10,817462,437 (42%)$4,147384,540 (50%)$7,778
2016-17756,370 (66%)$10,818452,578 (41%)$4,091370,911 (49%)$7,637
2017-18765,255 (66%)$11,364462,851 (41%)$4,393360,284 (48%)$7,638
2018-19757,883 (66%)$11,740448,538 (41%)$4,520340,833 (47%)$7,288
2019-20771,164 (68%)$11,958439,956 (40%)$4,592319,683 (46%)$7,368
2020-21759,742 (68%)$11,728423,127 (38%)$4,650266,945 (43%)$7,314
2021-22761,103 (68%)$12,278409,578 (37%)$4,608265,660 (42%)$7,193
2022-23749,300 (66%)$13,123394,340 (37%)$4,920267,547 (42%)$7,160
Average761,328 (67.11%)$11,530440,769 (40.22%)$4,448331,437 (46.56%)$7,449
*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

Over the past 10 years, on average, 119,414 (76.78 % of students) received grants or scholarships and its average amount is $13,487. It can cover 68.85% of tuition & fees ($19,590) based on out-of-state rate. In addition, 55,821 (52.22 % of students) students get helped from the students loans (average amount : $7,277).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15119,787 (77%)$11,16465,787 (58%)$7,337
2015-16115,251 (74%)$12,37963,101 (56%)$7,221
2016-17117,564 (77%)$12,57364,452 (57%)$7,286
2017-18122,071 (75%)$13,29662,625 (55%)$7,311
2018-19124,391 (76%)$13,87460,464 (52%)$7,121
2019-20125,107 (79%)$14,03554,228 (52%)$7,286
2020-21114,357 (77%)$13,84838,622 (46%)$7,217
2021-22114,903 (79%)$14,65845,323 (48%)$7,215
2022-23121,293 (77%)$15,55747,785 (46%)$7,498
Average119,414 (76.78%)$13,48755,821 (52.22%)$7,277
*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. Over the past 10 years, on average, 69,061 (46.67 % of students) received Pell (federal) grants and its average amount is $4,844. In addition, 77,427 students received State/local government grants/scholarships (34.78 % of students).

YearFederal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1572,674 (51%)$4,42016,998 (20%)$1,11375,869 (33%)$5,63179,166 (58%)$9,416
2015-1670,199 (48%)$4,53816,978 (20%)$1,15471,599 (33%)$5,70476,998 (59%)$10,327
2016-1770,176 (49%)$4,52416,893 (22%)$1,00574,431 (33%)$5,41179,449 (58%)$10,138
2017-1872,805 (48%)$4,72618,293 (22%)$1,18780,714 (35%)$5,61382,931 (58%)$11,149
2018-1972,566 (47%)$4,92218,502 (21%)$1,09184,116 (36%)$5,68984,014 (58%)$11,249
2019-2070,427 (46%)$5,00741,719 (31%)$1,08581,668 (37%)$5,58783,283 (59%)$11,267
2020-2163,712 (43%)$5,11344,882 (33%)$1,33874,619 (36%)$5,48876,556 (60%)$11,627
2021-2262,315 (44%)$4,98251,353 (34%)$1,49070,744 (34%)$5,84980,690 (62%)$12,547
2022-2366,671 (44%)$5,36124,406 (23%)$1,29883,079 (36%)$6,38189,349 (62%)$13,049
Average69,061 (46.67%)$4,84427,780 (25.11%)$1,19677,427 (34.78%)$5,70681,382 (59.33%)$11,197

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. Over the past 10 years, on average, 55,821 (52.22 % of students) get any students loan help and its average loan amount is $55,821.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1565,787 (58%)$7,33764,909 (57%)$6,4534,883 (10%)$12,850
2015-1663,101 (56%)$7,22162,054 (55%)$6,3175,635 (10%)$12,835
2016-1764,452 (57%)$7,28662,753 (56%)$6,3266,960 (10%)$12,881
2017-1862,625 (55%)$7,31161,138 (53%)$6,2517,253 (10%)$13,828
2018-1960,464 (52%)$7,12158,632 (51%)$6,05310,057 (10%)$13,426
2019-2054,228 (52%)$7,28652,765 (51%)$6,0419,019 (9%)$14,168
2020-2138,622 (46%)$7,21737,168 (45%)$5,7885,321 (8%)$15,390
2021-2245,323 (48%)$7,21543,894 (47%)$5,6207,438 (9%)$16,355
2022-2347,785 (46%)$7,49846,346 (45%)$5,8407,234 (9%)$16,680
Average55,821 (52.22%)$7,27754,407 (51.11%)$6,0777,089 (9.44%)$14,268
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