Over the past 7 years (2018-2023), the average number of students who received grants aid/scholarships is 2,933, which is 74.83 % of all undergraduate students. 2,920 students which is 73.33% of undergraduate students received federal student loans and the average loan amount is $6,475.
For full-time, first-time beginning students (freshmen), 80.50% of students received grants or scholarships and 72% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at Indiana Institute of Technology-College of Professional Studies since 2017.
For that period, the average number of students who received grants aid/scholarships is 2,933, which is 74.83 % of all undergraduate students. 2,920 students which is 73.33% of undergraduate students received federal student loans and the average loan amount is $6,475.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2017-18 | 4,210 (85%) | $5,540 | 3,799 (77%) | $3,825 | 4,326 (88%) | $7,019 |
| 2018-19 | 3,501 (74%) | $5,099 | 2,985 (63%) | $3,739 | 3,649 (77%) | $6,766 |
| 2019-20 | 2,738 (66%) | $5,352 | 2,447 (59%) | $3,836 | 3,118 (75%) | $6,824 |
| 2020-21 | 2,837 (74%) | $5,024 | 2,175 (57%) | $3,783 | 2,763 (72%) | $6,416 |
| 2021-22 | 2,374 (76%) | $4,649 | 1,733 (56%) | $3,495 | 2,026 (65%) | $5,913 |
| 2022-23 | 1,936 (74%) | $4,218 | 1,370 (53%) | $3,588 | 1,637 (63%) | $5,910 |
| Average | 2,933 (74.83%) | $4,980 | 2,418 (60.83%) | $3,711 | 2,920 (73.33%) | $6,475 |
For the last 7 years, on average, 155 (80.50 % of students) received grants or scholarships and its average amount is $5,525. It can cover 55.83% of tuition & fees ($9,896).
In addition, 141 (72.00 % of students) students get helped from the students loans (average amount : $6,267).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2017-18 | 254 (91%) | $6,331 | 253 (91%) | $7,508 |
| 2018-19 | 133 (38%) | $5,973 | 133 (38%) | $7,158 |
| 2019-20 | 113 (87%) | $5,187 | 120 (92%) | $6,689 |
| 2020-21 | 160 (90%) | $4,328 | 148 (83%) | $4,914 |
| 2021-22 | 142 (87%) | $5,719 | 88 (54%) | $5,921 |
| 2022-23 | 129 (90%) | $5,613 | 106 (74%) | $5,411 |
| Average | 155 (80.50%) | $5,525 | 141 (72.00%) | $6,267 |
The following table shows the trends of grants or scholarships over time. For the last 7 years, on average, 139 (71.17 % of students) received Pell (federal) grants and its average amount is $4,194.
In addition, 50 students received State/local government grants/scholarships (26.67 % of students).
| Year | Federal (Pell) Grants | Other Federal | State/Local government | Institutional | ||||
|---|---|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2017-18 | 243 (87%) | $4,860 | - | - | 71 (25%) | $5,740 | 6 (2%) | $3,232 |
| 2018-19 | 127 (37%) | $4,921 | - | - | 31 (9%) | $5,434 | 1 (0%) | $1,000 |
| 2019-20 | 113 (87%) | $4,034 | - | - | 20 (15%) | $6,188 | 3 (2%) | $2,171 |
| 2020-21 | 128 (72%) | $3,483 | 1 (1%) | $837 | 61 (34%) | $2,868 | 34 (19%) | $2,084 |
| 2021-22 | 116 (71%) | $3,566 | 6 (4%) | $288 | 72 (44%) | $5,011 | 18 (11%) | $2,000 |
| 2022-23 | 104 (73%) | $4,300 | - | - | 47 (33%) | $3,943 | 34 (24%) | $2,694 |
| Average | 139 (71.17%) | $4,194 | 4 (2.50%) | $563 | 50 (26.67%) | $4,864 | 16 (11.60%) | $2,197 |
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.
For the last 7 years, on average, 141 (72.00 % of students) get any students loan help and its average loan amount is $141.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2017-18 | 253 (91%) | $7,508 | 251 (90%) | $7,459 | 3 (1%) | $9,088 |
| 2018-19 | 133 (38%) | $7,158 | 133 (38%) | $7,158 | - | - |
| 2019-20 | 120 (92%) | $6,689 | 120 (92%) | $6,689 | - | - |
| 2020-21 | 148 (83%) | $4,914 | 148 (83%) | $4,914 | - | - |
| 2021-22 | 88 (54%) | $5,921 | 88 (54%) | $5,921 | - | - |
| 2022-23 | 106 (74%) | $5,411 | 106 (74%) | $5,411 | - | - |
| Average | 141 (72.00%) | $6,267 | 141 (71.83%) | $6,259 | 3 (1.00%) | $9,088 |
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