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

For the academic year 2021-2022, 86% of students received grants and/or scholarships and its average aid amount is $20,052. Compared to the percent of received 10 years ago, similar percent of students received the financial aid. The average financial aid amount has increased from $12,234 to $20,052 at Iowa 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 Iowa Colleges since 2012. For that period, the average number of students who received grants aid/scholarships is 93,142, which is 85.20 % of all undergraduate students. 69,432 students which is 64.10% of undergraduate students received federal student loans and the average loan amount: $7,195.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-13105,257 (86%)$12,23454,954 (44%)$3,84489,413 (71%)$7,648
2013-14107,528 (86%)$12,40456,282 (44%)$3,94884,091 (70%)$7,753
2014-15105,695 (84%)$13,25953,732 (41%)$4,05885,636 (67%)$7,495
2015-16103,198 (85%)$13,63949,657 (39%)$3,89580,977 (66%)$7,257
2016-1798,983 (83%)$14,74744,299 (37%)$3,99175,709 (64%)$7,197
2017-1896,967 (83%)$15,37543,446 (39%)$4,39572,145 (64%)$7,319
2018-1978,762 (86%)$17,01527,897 (36%)$4,23555,844 (62%)$6,757
2019-2084,723 (86%)$18,01625,918 (34%)$4,37553,137 (61%)$6,873
2020-2174,667 (87%)$18,49924,491 (33%)$4,42250,141 (58%)$6,912
2021-2275,641 (86%)$20,05222,960 (33%)$4,59547,227 (58%)$6,739
Average93,142 (85.20%)$15,52440,364 (38.00%)$4,17669,432 (64.10%)$7,195

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

For the last 10 years, on average, 17,383 (93.10 % of students) received grants or scholarships and its average amount is $17,796. It can cover 65.20% of tuition & fees ($27,294) based on out-of-state rate. In addition, 11,971 (72.00 % of students) students get helped from the students loans (average amount : $7,687).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-1316,522 (91%)$13,35012,581 (76%)$8,027
2013-1417,351 (94%)$14,50712,546 (77%)$7,491
2014-1517,602 (93%)$14,88312,594 (74%)$7,577
2015-1618,141 (91%)$15,91312,375 (75%)$7,591
2016-1718,266 (92%)$16,66412,548 (71%)$7,188
2017-1817,974 (93%)$17,83912,221 (73%)$7,654
2018-1917,095 (92%)$20,05012,057 (69%)$7,679
2019-2017,169 (95%)$21,23211,510 (70%)$8,054
2020-2116,456 (95%)$21,34410,677 (69%)$7,812
2021-2217,252 (95%)$22,18210,603 (66%)$7,801
Average17,383 (93.10%)$17,79611,971 (72.00%)$7,687
*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, 5,284 (42.00 % of students) received Pell (federal) grants and its average amount is $4,365. In addition, 2,251 students received State/local government grants/scholarships (26.40 % 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
2012-135,263 (44%)$4,0432,647 (29%)$1,2312,534 (34%)$3,66315,486 (85%)$10,896
2013-145,427 (48%)$4,1502,752 (34%)$9642,573 (28%)$3,96716,474 (91%)$11,981
2014-155,462 (44%)$4,2003,113 (32%)$9582,680 (27%)$4,31316,713 (89%)$12,947
2015-165,533 (44%)$4,1212,805 (33%)$9762,134 (26%)$4,71317,578 (86%)$13,507
2016-175,593 (42%)$4,0842,735 (31%)$1,0632,115 (24%)$5,25517,691 (90%)$15,140
2017-185,390 (45%)$4,5373,048 (33%)$1,0731,939 (27%)$4,94917,300 (90%)$15,427
2018-195,467 (39%)$4,3793,056 (27%)$1,0632,225 (26%)$5,23716,486 (89%)$17,198
2019-205,071 (39%)$4,5565,840 (40%)$1,2482,045 (25%)$5,46116,373 (92%)$18,168
2020-214,790 (38%)$4,7446,666 (46%)$1,4302,428 (25%)$5,27615,946 (92%)$18,161
2021-224,844 (37%)$4,8338,532 (50%)$1,7851,841 (22%)$6,30516,272 (92%)$18,904
Average5,284 (42.00%)$4,3654,119 (35.50%)$1,1792,251 (26.40%)$4,91416,632 (89.60%)$15,233
*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, 11,971 (72.00 % of students) get any students loan help and its average loan amount is $11,971.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2012-1312,581 (76%)$8,02712,414 (76%)$6,4182,212 (21%)$8,213
2013-1412,546 (77%)$7,49112,275 (75%)$6,2602,365 (17%)$8,052
2014-1512,594 (74%)$7,57712,402 (73%)$6,2552,264 (16%)$9,089
2015-1612,375 (75%)$7,59112,179 (74%)$6,1842,454 (17%)$8,961
2016-1712,548 (71%)$7,18812,367 (70%)$5,9012,375 (15%)$9,717
2017-1812,221 (73%)$7,65412,017 (72%)$6,2692,436 (15%)$10,131
2018-1912,057 (69%)$7,67911,888 (68%)$5,5043,075 (19%)$10,036
2019-2011,510 (70%)$8,05411,250 (69%)$5,6993,391 (22%)$10,313
2020-2110,677 (69%)$7,81210,413 (67%)$5,7232,800 (18%)$10,942
2021-2210,603 (66%)$7,80110,476 (65%)$5,6602,582 (17%)$11,728
Average11,971 (72.00%)$7,68711,768 (70.90%)$5,9872,595 (17.70%)$9,718
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