Scholarships, Grants, and Loan Trends at SHC

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,167, which is 97.56 % of all undergraduate students. 861 students which is 71.11% of undergraduate students received federal student loans and the average loan amount is $8,183.

For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 74% of students received student loans.

Trends by Subject

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Spring Hill College since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,167, which is 97.56 % of all undergraduate students. 861 students which is 71.11% of undergraduate students received federal student loans and the average loan amount is $8,183.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,224 (99%)$23,529433 (35%)$4,325846 (68%)$9,792
2015-161,336 (99%)$17,237414 (31%)$4,5841,014 (75%)$3,304
2016-171,351 (98%)$27,554414 (30%)$4,7231,047 (76%)$7,044
2017-181,360 (99%)$29,929471 (34%)$4,8851,091 (79%)$9,987
2018-191,239 (99%)$31,324447 (36%)$4,989981 (78%)$10,242
2019-201,152 (99%)$32,798425 (37%)$5,047935 (81%)$9,876
2020-211,041 (98%)$20,292387 (36%)$6,101794 (75%)$6,514
2021-22920 (93%)$13,853351 (35%)$5,082562 (57%)$10,209
2022-23876 (94%)$15,946308 (33%)$5,622478 (51%)$6,683
Average1,167 (97.56%)$23,607406 (34.11%)$5,040861 (71.11%)$8,183
*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.

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

For the last 10 years, on average, 317 (100.00 % of students) received grants or scholarships and its average amount is $27,646. It can cover 114.93% of tuition & fees ($24,054).

In addition, 236 (74.22 % of students) students get helped from the students loans (average amount : $8,736).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15361 (100%)$25,509239 (66%)$9,293
2015-16415 (100%)$28,064164 (39%)$8,807
2016-17392 (100%)$29,825347 (89%)$9,588
2017-18395 (100%)$32,208360 (91%)$8,111
2018-19309 (100%)$33,391276 (89%)$9,511
2019-20292 (100%)$32,986263 (90%)$10,224
2020-21245 (100%)$34,816202 (82%)$9,777
2021-22216 (100%)$14,836121 (56%)$6,429
2022-23225 (100%)$17,175149 (66%)$6,888
Average317 (100.00%)$27,646236 (74.22%)$8,736
*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, 116 (37.00 % of students) received Pell (federal) grants and its average amount is $5,004.

In addition, 120 students received State/local government grants/scholarships (37.67 % 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
2014-15123 (34%)$4,332116 (32%)$479109 (30%)$423360 (99%)$23,817
2015-16129 (31%)$4,61861 (15%)$494155 (37%)$553415 (100%)$26,349
2016-17130 (33%)$4,57864 (16%)$465134 (34%)$906390 (99%)$28,065
2017-18169 (43%)$5,133105 (27%)$420179 (45%)$1,079395 (100%)$29,411
2018-19138 (45%)$5,13775 (24%)$471117 (38%)$1,085309 (100%)$30,572
2019-20104 (36%)$5,44474 (25%)$688127 (43%)$1,405292 (100%)$30,262
2020-21105 (43%)$5,98793 (38%)$1,575114 (47%)$1,397245 (100%)$31,002
2021-2274 (34%)$4,72862 (29%)$2,08876 (35%)$1,746216 (100%)$12,002
2022-2376 (34%)$5,08265 (29%)$2,54267 (30%)$2,383221 (98%)$14,268
Average116 (37.00%)$5,00479 (26.11%)$1,025120 (37.67%)$1,220316 (99.56%)$25,083
*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, 236 (74.22 % of students) get any students loan help and its average loan amount is $236.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15239 (66%)$9,293234 (65%)$8,85615 (4%)$9,917
2015-16164 (39%)$8,807163 (39%)$8,12411 (3%)$10,921
2016-17347 (89%)$9,588347 (89%)$8,69621 (5%)$14,734
2017-18360 (91%)$8,111360 (91%)$7,57815 (4%)$12,813
2018-19276 (89%)$9,511276 (89%)$8,80413 (4%)$15,015
2019-20263 (90%)$10,224263 (90%)$9,46216 (5%)$12,527
2020-21202 (82%)$9,777202 (82%)$8,83014 (6%)$13,675
2021-22121 (56%)$6,429119 (55%)$5,09313 (6%)$13,219
2022-23149 (66%)$6,888149 (66%)$5,31515 (7%)$15,618
Average236 (74.22%)$8,736235 (74.00%)$7,86215 (4.89%)$13,160

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