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

For the academic year 2021-2022, 73% of students received grants and/or scholarships and its average aid amount is $13,098. Compared to the percent of received 10 years ago, less students received the financial aid from 74% to 73%. The average financial aid amount has increased from $8,508 to $13,098 at Ohio 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 Ohio Colleges since 2012. For that period, the average number of students who received grants aid/scholarships is 292,075, which is 72.20 % of all undergraduate students. 216,610 students which is 60.00% of undergraduate students received federal student loans and the average loan amount: $6,990.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-13309,042 (74%)$8,508174,340 (48%)$3,828273,857 (69%)$7,282
2013-14307,599 (74%)$8,919166,318 (48%)$3,900261,458 (68%)$7,304
2014-15300,983 (73%)$8,986155,275 (47%)$3,918247,415 (66%)$7,425
2015-16292,619 (72%)$9,645139,742 (43%)$3,957230,368 (62%)$6,972
2016-17290,112 (72%)$10,266132,524 (41%)$3,992225,725 (61%)$7,045
2017-18283,393 (72%)$10,809129,299 (41%)$4,301210,900 (61%)$7,037
2018-19273,754 (70%)$11,595121,997 (38%)$4,407197,317 (56%)$6,707
2019-20289,463 (71%)$12,269115,562 (36%)$4,519188,070 (55%)$6,727
2020-21285,075 (71%)$12,683106,485 (34%)$4,627170,952 (52%)$6,738
2021-22288,710 (73%)$13,098100,894 (32%)$4,659160,041 (50%)$6,666
Average292,075 (72.20%)$10,678134,244 (40.80%)$4,211216,610 (60.00%)$6,990

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

For the last 10 years, on average, 63,058 (85.10 % of students) received grants or scholarships and its average amount is $11,646. It can cover 64.76% of tuition & fees ($17,983) based on out-of-state rate. In addition, 45,103 (67.70 % of students) students get helped from the students loans (average amount : $6,817).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-1364,343 (83%)$9,43452,728 (75%)$7,106
2013-1463,563 (84%)$9,65250,325 (74%)$7,200
2014-1563,286 (84%)$9,94748,014 (73%)$6,809
2015-1662,952 (83%)$10,62646,488 (69%)$6,678
2016-1762,534 (83%)$11,27646,754 (68%)$6,849
2017-1862,868 (85%)$11,77245,359 (68%)$6,749
2018-1963,625 (85%)$12,43845,317 (66%)$6,777
2019-2065,285 (87%)$13,28842,388 (64%)$6,695
2020-2160,562 (88%)$13,76836,469 (60%)$6,560
2021-2261,565 (89%)$14,26037,188 (60%)$6,749
Average63,058 (85.10%)$11,64645,103 (67.70%)$6,817
*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, 25,521 (48.50 % of students) received Pell (federal) grants and its average amount is $4,459. In addition, 12,889 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
2012-1331,016 (54%)$4,1499,126 (19%)$1,15315,018 (29%)$1,83750,657 (56%)$7,485
2013-1429,200 (54%)$4,1959,487 (21%)$1,04213,890 (27%)$1,68351,073 (60%)$8,056
2014-1527,380 (54%)$4,2188,397 (21%)$1,12513,038 (26%)$1,94052,279 (60%)$8,348
2015-1626,109 (50%)$4,2258,467 (21%)$1,15912,673 (23%)$1,95553,348 (61%)$8,544
2016-1725,724 (48%)$4,2818,400 (20%)$1,26112,614 (21%)$2,19053,792 (66%)$9,290
2017-1825,758 (48%)$4,4708,775 (20%)$1,16414,152 (25%)$2,14455,069 (67%)$9,514
2018-1925,666 (47%)$4,5639,416 (19%)$1,14613,090 (20%)$2,58856,309 (70%)$10,296
2019-2023,841 (46%)$4,73924,741 (37%)$1,27212,100 (20%)$2,89055,517 (71%)$11,058
2020-2120,527 (42%)$4,85823,857 (40%)$1,42610,692 (18%)$3,26154,739 (74%)$11,363
2021-2219,988 (42%)$4,89427,608 (45%)$1,82711,621 (23%)$2,58155,282 (77%)$11,851
Average25,521 (48.50%)$4,45913,827 (26.30%)$1,25812,889 (23.20%)$2,30753,807 (66.20%)$9,581
*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, 45,103 (67.70 % of students) get any students loan help and its average loan amount is $45,103.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2012-1352,728 (75%)$7,10652,350 (74%)$6,3825,418 (10%)$9,264
2013-1450,325 (74%)$7,20049,950 (73%)$6,3985,519 (10%)$9,663
2014-1548,014 (73%)$6,80947,598 (72%)$6,0805,332 (9%)$9,552
2015-1646,488 (69%)$6,67846,002 (68%)$5,7675,887 (10%)$9,558
2016-1746,754 (68%)$6,84946,347 (68%)$5,8365,815 (10%)$9,842
2017-1845,359 (68%)$6,74944,804 (67%)$5,7525,830 (9%)$10,407
2018-1945,317 (66%)$6,77744,575 (65%)$5,5486,638 (10%)$10,488
2019-2042,388 (64%)$6,69541,611 (63%)$5,4106,871 (10%)$10,638
2020-2136,469 (60%)$6,56035,749 (59%)$5,4245,168 (8%)$11,099
2021-2237,188 (60%)$6,74936,368 (59%)$5,5065,766 (9%)$12,002
Average45,103 (67.70%)$6,81744,535 (66.80%)$5,8105,824 (9.50%)$10,251
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