How Grace College and Theological Seminary's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Grace College and Theological Seminary since 2011.

For that period, the average number of students who received grants aid/scholarships is 1,321, which is 79.45 % of all undergraduate students. 918 students which is 55.09% of undergraduate students received federal student loans and the average loan amount is $7,056.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	1,054 (80%)	$12,926	482 (37%)	$3,862	792 (60%)	$7,139
2012-13	1,223 (80%)	$14,106	527 (34%)	$3,885	890 (58%)	$8,801
2013-14	1,224 (76%)	$13,467	485 (30%)	$3,885	919 (57%)	$7,379
2014-15	1,323 (71%)	$15,363	538 (29%)	$3,887	953 (51%)	$7,396
2015-16	1,426 (74%)	$13,883	547 (28%)	$3,901	1,016 (53%)	$7,306
2016-17	1,462 (76%)	$12,216	558 (29%)	$4,001	1,046 (54%)	$7,145
2017-18	1,424 (81%)	$12,043	538 (31%)	$4,043	991 (56%)	$7,206
2018-19	1,378 (85%)	$12,448	519 (32%)	$4,316	938 (58%)	$6,280
2019-20	1,355 (84%)	$13,420	493 (30%)	$4,208	891 (55%)	$6,291
2020-21	1,319 (83%)	$17,052	484 (30%)	$4,873	838 (53%)	$6,371
2021-22	1,341 (84%)	$18,297	482 (30%)	$5,069	822 (51%)	$6,299
Average	1,321 (79.45%)	$14,111	514 (30.91%)	$4,175	918 (55.09%)	$7,056

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

Overview

For the last 12 years, on average, 356 (97.18 % of students) received grants or scholarships and its average amount is $15,792. It can cover 52.58% of tuition & fees ($30,034).

In addition, 234 (64.18 % of students) students get helped from the students loans (average amount : $7,597).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	279 (100%)	$14,406	204 (73%)	$6,863
2012-13	344 (100%)	$15,984	255 (74%)	$8,942
2013-14	353 (95%)	$14,428	51 (14%)	$8,857
2014-15	381 (96%)	$16,184	295 (75%)	$7,137
2015-16	370 (96%)	$14,225	278 (72%)	$7,069
2016-17	398 (100%)	$13,531	279 (70%)	$8,026
2017-18	349 (100%)	$13,040	251 (72%)	$8,393
2018-19	311 (97%)	$14,331	228 (71%)	$7,016
2019-20	334 (92%)	$16,442	219 (60%)	$7,770
2020-21	390 (100%)	$19,892	253 (65%)	$6,913
2021-22	407 (93%)	$21,252	262 (60%)	$6,586
Average	356 (97.18%)	$15,792	234 (64.18%)	$7,597

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 139 (38.09 % of students) received Pell (federal) grants and its average amount is $4,257.

In addition, 117 students received State/local government grants/scholarships (31.82 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	121 (43%)	$3,906	85 (30%)	$1,826	92 (33%)	$4,659	278 (100%)	$10,658
2012-13	143 (42%)	$4,110	113 (33%)	$1,772	97 (28%)	$4,693	344 (100%)	$12,370
2013-14	137 (37%)	$3,978	-	-	107 (29%)	$4,700	333 (90%)	$12,147
2014-15	163 (41%)	$3,935	12 (3%)	$1,825	121 (31%)	$5,684	371 (94%)	$12,979
2015-16	129 (34%)	$4,085	-	-	115 (30%)	$6,044	361 (94%)	$11,195
2016-17	142 (36%)	$4,007	147 (37%)	$4,523	113 (28%)	$5,960	398 (100%)	$8,738
2017-18	137 (39%)	$4,195	33 (9%)	$1,130	114 (33%)	$7,112	349 (100%)	$8,963
2018-19	126 (39%)	$4,402	6 (2%)	$1,000	113 (35%)	$6,831	297 (93%)	$10,520
2019-20	124 (34%)	$4,224	75 (21%)	$808	113 (31%)	$7,414	326 (90%)	$12,483
2020-21	145 (37%)	$4,552	93 (24%)	$944	146 (37%)	$6,904	390 (100%)	$15,390
2021-22	160 (37%)	$5,429	93 (21%)	$948	154 (35%)	$7,597	403 (92%)	$16,186
Average	139 (38.09%)	$4,257	73 (20.00%)	$1,642	117 (31.82%)	$6,145	350 (95.73%)	$11,966

^*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..

Student Loans

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 12 years, on average, 234 (64.18 % of students) get any students loan help and its average loan amount is $234.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	204 (73%)	$6,863	202 (72%)	$5,990	20 (7%)	$9,505
2012-13	255 (74%)	$8,942	255 (74%)	$8,106	19 (6%)	$11,217
2013-14	51 (14%)	$8,857	30 (8%)	$6,717	21 (6%)	$11,913
2014-15	295 (75%)	$7,137	269 (68%)	$6,502	33 (8%)	$10,799
2015-16	278 (72%)	$7,069	259 (67%)	$6,658	19 (5%)	$12,676
2016-17	279 (70%)	$8,026	279 (70%)	$6,519	34 (9%)	$12,359
2017-18	251 (72%)	$8,393	250 (72%)	$6,679	35 (10%)	$12,484
2018-19	228 (71%)	$7,016	226 (71%)	$5,180	32 (10%)	$13,407
2019-20	219 (60%)	$7,770	216 (60%)	$5,384	39 (11%)	$13,816
2020-21	253 (65%)	$6,913	253 (65%)	$5,514	33 (8%)	$10,726
2021-22	262 (60%)	$6,586	262 (60%)	$5,366	28 (6%)	$11,418
Average	234 (64.18%)	$7,597	227 (62.45%)	$6,238	28 (7.82%)	$11,847

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Scholarships, Grants, and Loan Trends at Grace College and Theological Seminary

All Undergraduate Students Financial Aid Over Time

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