Scholarships, Grants, and Loan Trends at Prospect College

Over the past 9 years (2015-2022), the average number of students who received grants aid/scholarships is 513, which is 84.13 % of all undergraduate students. 436 students which is 73.88% of undergraduate students received federal student loans and the average loan amount is $6,230.

For full-time, first-time beginning students (freshmen), 86.50% of students received grants or scholarships and 76% 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 Technical Learning Centers Inc since 2014.

For that period, the average number of students who received grants aid/scholarships is 513, which is 84.13 % of all undergraduate students. 436 students which is 73.88% of undergraduate students received federal student loans and the average loan amount is $6,230.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15900 (100%)$6,484783 (87%)$3,779572 (64%)$5,030
2015-16737 (93%)$5,217731 (93%)$5,228611 (77%)$7,006
2016-17883 (98%)$5,679883 (98%)$5,679897 (100%)$8,613
2017-18378 (62%)$5,015378 (62%)$5,015330 (54%)$6,977
2018-19380 (70%)$3,067370 (68%)$2,690291 (53%)$4,620
2019-20327 (55%)$2,869319 (54%)$2,816300 (50%)$3,810
2020-21247 (96%)$6,099229 (89%)$6,211257 (100%)$6,913
2021-22249 (99%)$5,135228 (91%)$5,174233 (93%)$6,873
Average513 (84.13%)$4,946490 (80.25%)$4,574436 (73.88%)$6,230
*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 9 years, on average, 452 (86.50 % of students) received grants or scholarships and its average amount is $4,810. It can cover 24.16% of tuition & fees ($19,911).

In addition, 389 (75.50 % of students) students get helped from the students loans (average amount : $6,465).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15641 (99%)$5,590454 (70%)$6,338
2015-16731 (99%)$5,258611 (82%)$7,006
2016-17768 (98%)$5,680780 (100%)$8,617
2017-18327 (61%)$4,884285 (53%)$6,931
2018-19380 (76%)$2,751291 (58%)$4,620
2019-20327 (59%)$2,869259 (47%)$4,414
2020-21206 (100%)$6,074206 (100%)$6,913
2021-22238 (100%)$5,372224 (94%)$6,884
Average452 (86.50%)$4,810389 (75.50%)$6,465
*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 9 years, on average, 445 (84.25 % of students) received Pell (federal) grants and its average amount is $4,675.

In addition, 5 students received State/local government grants/scholarships (1.00 % 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
2014-15627 (97%)$4,7194 (1%)$8,3906 (1%)$3,333175 (27%)$3,263
2015-16731 (99%)$5,2281 (0%)$9,9743 (0%)$3,999--
2016-17768 (98%)$5,680------
2017-18327 (61%)$4,884------
2018-19370 (74%)$2,690--5 (1%)$5,0005 (1%)$5,000
2019-20319 (58%)$2,816----8 (1%)$5,000
2020-21188 (91%)$6,211----18 (9%)$4,638
2021-22228 (96%)$5,174----21 (9%)$4,710
Average445 (84.25%)$4,6753 (1.00%)$9,1825 (1.00%)$4,11145 (9.40%)$4,522
*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 9 years, on average, 389 (75.50 % of students) get any students loan help and its average loan amount is $389.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15454 (70%)$6,338454 (70%)$6,338--
2015-16611 (82%)$7,006611 (82%)$7,006--
2016-17780 (100%)$8,617780 (100%)$8,617--
2017-18285 (53%)$6,931285 (53%)$6,931--
2018-19291 (58%)$4,620291 (58%)$4,620--
2019-20259 (47%)$4,414259 (47%)$4,414--
2020-21206 (100%)$6,913206 (100%)$6,913--
2021-22224 (94%)$6,884224 (94%)$6,884--
Average389 (75.50%)$6,465389 (75.50%)$6,465--

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