Over the past 3 years (2022-2023), the average number of students who received grants aid/scholarships is 57, which is 48.50 % of all undergraduate students. 70 students which is 57.50% of undergraduate students received federal student loans and the average loan amount is $5,043.
For full-time, first-time beginning students (freshmen), 78.50% of students received grants or scholarships and 84% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at Spa Tech Institute-North Andover since 2021.
For that period, the average number of students who received grants aid/scholarships is 57, which is 48.50 % of all undergraduate students. 70 students which is 57.50% of undergraduate students received federal student loans and the average loan amount is $5,043.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2021-22 | 47 (60%) | $3,837 | 46 (59%) | $3,412 | 53 (68%) | $5,045 |
| 2022-23 | 67 (37%) | $3,281 | 66 (36%) | $3,217 | 86 (47%) | $5,041 |
| Average | 57 (48.50%) | $3,559 | 56 (47.50%) | $3,315 | 70 (57.50%) | $5,043 |
For the last 3 years, on average, 14 (78.50 % of students) received grants or scholarships and its average amount is $3,566. It can cover 27.54% of tuition & fees ($12,950).
In addition, 15 (84.00 % of students) students get helped from the students loans (average amount : $4,949).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2021-22 | 8 (89%) | $3,413 | 8 (89%) | $4,928 |
| 2022-23 | 19 (68%) | $3,719 | 22 (79%) | $4,970 |
| Average | 14 (78.50%) | $3,566 | 15 (84.00%) | $4,949 |
The following table shows the trends of grants or scholarships over time. For the last 3 years, on average, 13 (76.50 % of students) received Pell (federal) grants and its average amount is $3,461.
In addition, 1 students received State/local government grants/scholarships (4.00 % 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 | |
| 2021-22 | 8 (89%) | $3,413 | - | - | - | - | - | - |
| 2022-23 | 18 (64%) | $3,509 | - | - | 1 (4%) | $7,500 | - | - |
| Average | 13 (76.50%) | $3,461 | - | - | 1 (4.00%) | $7,500 | - | - |
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 3 years, on average, 15 (84.00 % of students) get any students loan help and its average loan amount is $15.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2021-22 | 8 (89%) | $4,928 | 8 (89%) | $4,928 | - | - |
| 2022-23 | 22 (79%) | $4,970 | 22 (79%) | $4,970 | - | - |
| Average | 15 (84.00%) | $4,949 | 15 (84.00%) | $4,949 | - | - |
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