Scholarships, Grants, and Loan Trends at UTK

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 17,958, which is 76.78 % of all undergraduate students. 8,795 students which is 38.11% of undergraduate students received federal student loans and the average loan amount is $6,392.

For full-time, first-time beginning students (freshmen), 87.33% of students received grants or scholarships and 39% 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 The University of Tennessee-Knoxville since 2014.

For that period, the average number of students who received grants aid/scholarships is 17,958, which is 76.78 % of all undergraduate students. 8,795 students which is 38.11% of undergraduate students received federal student loans and the average loan amount is $6,392.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1516,093 (75%)$7,9736,310 (29%)$4,1929,470 (44%)$6,359
2015-1616,517 (76%)$8,5196,342 (29%)$4,2359,544 (44%)$6,511
2016-1716,467 (74%)$8,9646,004 (27%)$4,2979,488 (43%)$6,533
2017-1816,492 (74%)$9,4645,901 (26%)$4,6599,395 (42%)$6,435
2018-1916,896 (74%)$9,7505,682 (25%)$4,7378,971 (39%)$6,425
2019-2017,666 (76%)$10,0355,747 (25%)$4,8498,762 (38%)$6,398
2020-2119,570 (81%)$10,7165,821 (24%)$5,0177,928 (33%)$6,362
2021-2221,632 (86%)$11,5185,604 (22%)$4,7897,456 (30%)$6,219
2022-2320,290 (75%)$11,4265,593 (21%)$5,2408,137 (30%)$6,285
Average17,958 (76.78%)$9,8185,889 (25.33%)$4,6688,795 (38.11%)$6,392
*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, 4,625 (87.33 % of students) received grants or scholarships and its average amount is $10,080. It can cover 30.31% of tuition & fees ($33,256) based on out-of-state rate.

In addition, 2,050 (39.22 % of students) students get helped from the students loans (average amount : $8,130).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-154,215 (90%)$9,0642,062 (44%)$6,436
2015-164,160 (89%)$8,8642,063 (44%)$6,901
2016-174,245 (88%)$8,9032,169 (45%)$6,934
2017-184,229 (87%)$9,8902,199 (45%)$7,418
2018-194,394 (84%)$10,4642,098 (40%)$7,648
2019-204,416 (84%)$10,5652,028 (39%)$8,369
2020-214,994 (91%)$10,8841,760 (32%)$9,233
2021-225,199 (88%)$10,5931,914 (32%)$10,094
2022-235,777 (85%)$11,4912,153 (32%)$10,134
Average4,625 (87.33%)$10,0802,050 (39.22%)$8,130
*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, 1,261 (24.22 % of students) received Pell (federal) grants and its average amount is $4,847.

In addition, 3,739 students received State/local government grants/scholarships (71.67 % 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
2014-151,373 (29%)$4,323140 (3%)$1,3143,942 (84%)$4,6552,203 (47%)$6,235
2015-161,308 (28%)$4,43771 (2%)$1,5103,809 (81%)$4,3602,202 (47%)$6,519
2016-171,303 (27%)$4,50653 (1%)$1,0633,822 (79%)$4,1542,341 (48%)$6,831
2017-181,304 (27%)$4,81863 (1%)$1,0423,754 (77%)$4,5022,576 (53%)$7,210
2018-191,272 (24%)$4,862125 (2%)$1,4343,843 (74%)$4,8292,810 (54%)$7,493
2019-201,257 (24%)$4,9851,883 (36%)$1,2693,712 (71%)$4,8672,762 (53%)$7,217
2020-211,253 (23%)$5,1692,547 (46%)$1,4623,659 (67%)$4,4283,628 (66%)$7,703
2021-221,107 (19%)$5,1132,675 (45%)$1,1753,536 (60%)$4,2534,017 (68%)$7,775
2022-231,173 (17%)$5,412461 (7%)$1,2693,570 (52%)$5,4315,314 (78%)$7,539
Average1,261 (24.22%)$4,847891 (15.89%)$1,2823,739 (71.67%)$4,6093,095 (57.11%)$7,169
*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, 2,050 (39.22 % of students) get any students loan help and its average loan amount is $2,050.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-152,062 (44%)$6,4362,041 (44%)$4,993228 (5%)$13,512
2015-162,063 (44%)$6,9012,033 (43%)$5,323227 (5%)$15,051
2016-172,169 (45%)$6,9342,139 (44%)$5,226268 (6%)$14,408
2017-182,199 (45%)$7,4182,155 (44%)$5,216291 (6%)$17,428
2018-192,098 (40%)$7,6482,021 (39%)$5,157333 (6%)$16,887
2019-202,028 (39%)$8,3691,954 (37%)$5,151377 (7%)$18,319
2020-211,760 (32%)$9,2331,620 (30%)$5,160402 (7%)$19,631
2021-221,914 (32%)$10,0941,761 (30%)$5,219455 (8%)$22,260
2022-232,153 (32%)$10,1341,983 (29%)$5,208499 (7%)$23,030
Average2,050 (39.22%)$8,1301,967 (37.78%)$5,184342 (6.33%)$17,836

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