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

For the academic year 2021-2022, 78% of students received grants and/or scholarships and its average aid amount is $22,925. Compared to the percent of received 10 years ago, more students received the financial aid from 71% to 79%. The average financial aid amount has increased from $15,796 to $23,125 at Massachusetts 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 Massachusetts Colleges since 2012. For that period, the average number of students who received grants aid/scholarships is 180,633, which is 73.50 % of all undergraduate students. 138,422 students which is 55.80% of undergraduate students received federal student loans and the average loan amount: $6,999.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-13172,564 (71%)$15,79669,495 (31%)$4,008150,512 (60%)$7,365
2013-14175,755 (72%)$16,04670,934 (31%)$4,102148,961 (60%)$7,320
2014-15179,445 (73%)$16,51971,404 (31%)$4,094149,166 (59%)$7,260
2015-16177,753 (70%)$17,69369,027 (29%)$4,154145,758 (57%)$7,129
2016-17179,300 (72%)$18,50367,762 (28%)$4,192144,125 (56%)$7,146
2017-18180,844 (72%)$19,20969,930 (29%)$4,352141,244 (55%)$6,966
2018-19180,421 (72%)$20,86367,560 (28%)$4,531136,520 (55%)$6,797
2019-20184,650 (75%)$21,41465,650 (28%)$4,570132,214 (54%)$6,791
2020-21187,270 (79%)$21,63961,897 (28%)$4,718118,775 (51%)$6,742
2021-22188,330 (79%)$23,12559,862 (27%)$4,683116,947 (51%)$6,472
Average180,633 (73.50%)$19,08167,352 (29.00%)$4,340138,422 (55.80%)$6,999

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

For the last 10 years, on average, 41,092 (82.50 % of students) received grants or scholarships and its average amount is $21,623. It can cover 87.88% of tuition & fees ($24,604) based on out-of-state rate. In addition, 30,632 (63.20 % of students) students get helped from the students loans (average amount : $8,355).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-1339,173 (79%)$16,88932,930 (67%)$8,264
2013-1439,044 (79%)$18,12432,129 (67%)$8,262
2014-1540,144 (81%)$18,36132,385 (67%)$8,186
2015-1640,281 (81%)$20,22331,526 (64%)$8,260
2016-1740,651 (82%)$21,22631,816 (64%)$8,607
2017-1841,417 (82%)$22,24031,394 (64%)$8,415
2018-1942,287 (82%)$23,51430,794 (62%)$8,235
2019-2042,966 (85%)$24,94530,258 (61%)$8,843
2020-2141,506 (87%)$24,31325,634 (58%)$8,048
2021-2243,451 (87%)$26,39127,452 (58%)$8,430
Average41,092 (82.50%)$21,62330,632 (63.20%)$8,355
*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, 13,766 (32.30 % of students) received Pell (federal) grants and its average amount is $4,577. In addition, 11,958 students received State/local government grants/scholarships (23.20 % 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
2012-1313,719 (34%)$4,1897,554 (17%)$1,47313,632 (25%)$1,62735,829 (73%)$14,996
2013-1413,768 (33%)$4,3667,566 (15%)$1,43413,744 (24%)$1,76035,625 (76%)$16,607
2014-1513,874 (34%)$4,2827,662 (16%)$1,42413,765 (25%)$1,72736,623 (77%)$16,913
2015-1613,592 (32%)$4,4327,825 (16%)$1,44813,485 (23%)$1,99237,104 (77%)$18,261
2016-1713,687 (31%)$4,4517,859 (16%)$1,38910,672 (21%)$2,27638,707 (79%)$19,250
2017-1814,532 (33%)$4,6008,871 (17%)$1,40511,361 (23%)$2,05139,546 (78%)$20,190
2018-1914,283 (32%)$4,7388,645 (19%)$1,53311,022 (22%)$2,03540,587 (79%)$21,692
2019-2014,052 (31%)$4,87415,319 (31%)$1,61511,306 (21%)$2,22541,232 (81%)$22,455
2020-2112,905 (32%)$4,89315,716 (33%)$1,80610,526 (26%)$2,24539,405 (83%)$22,415
2021-2213,246 (31%)$4,94217,380 (36%)$2,01810,069 (22%)$2,73840,977 (82%)$24,308
Average13,766 (32.30%)$4,57710,440 (21.60%)$1,55511,958 (23.20%)$2,06838,564 (78.50%)$19,709
*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, 30,632 (63.20 % of students) get any students loan help and its average loan amount is $30,632.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2012-1332,930 (67%)$8,26432,286 (66%)$6,1585,753 (14%)$12,922
2013-1432,129 (67%)$8,26231,421 (66%)$6,0225,764 (14%)$13,470
2014-1532,385 (67%)$8,18631,674 (65%)$5,8035,705 (15%)$13,087
2015-1631,526 (64%)$8,26030,621 (62%)$5,6695,972 (15%)$14,097
2016-1731,816 (64%)$8,60731,036 (63%)$5,5986,348 (16%)$14,845
2017-1831,394 (64%)$8,41530,623 (62%)$5,4936,589 (15%)$15,405
2018-1930,794 (62%)$8,23529,908 (61%)$5,1317,145 (14%)$15,028
2019-2030,258 (61%)$8,84329,386 (60%)$5,0857,344 (15%)$16,125
2020-2125,634 (58%)$8,04824,685 (57%)$5,0765,337 (12%)$15,656
2021-2227,452 (58%)$8,43026,573 (56%)$4,9676,062 (13%)$18,344
Average30,632 (63.20%)$8,35529,821 (61.80%)$5,5006,202 (14.30%)$14,898
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