Scholarships, Grants, and Loan Trends at Bloomfield

5%

Received Percent Changed

$6,483

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,574, which is 95.44 % of all undergraduate students. 1,411 students which is 86.11% of undergraduate students received federal student loans and the average loan amount is $6,010.

For full-time, first-time beginning students (freshmen), 99.11% of students received grants or scholarships and 89% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Bloomfield College of Montclair State University since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,574, which is 95.44 % of all undergraduate students. 1,411 students which is 86.11% of undergraduate students received federal student loans and the average loan amount is $6,010.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,806 (92%)$18,6261,374 (70%)$4,4731,632 (83%)$7,711
2015-161,782 (94%)$19,2331,347 (71%)$4,5481,541 (81%)$7,135
2016-171,829 (94%)$20,1891,332 (68%)$4,6501,510 (78%)$7,082
2017-181,719 (94%)$21,3041,279 (70%)$4,8311,379 (76%)$6,950
2018-191,602 (96%)$23,1001,200 (72%)$4,7491,537 (92%)$5,472
2019-201,572 (97%)$24,0791,160 (72%)$4,8771,480 (92%)$5,355
2020-211,480 (97%)$26,1281,078 (70%)$4,7621,380 (90%)$4,648
2021-221,267 (98%)$24,101901 (69%)$5,0401,202 (93%)$4,731
2022-231,112 (97%)$25,109794 (69%)$5,4211,037 (90%)$5,005
Average1,574 (95.44%)$22,4301,163 (70.11%)$4,8171,411 (86.11%)$6,010
*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, 376 (99.11 % of students) received grants or scholarships and its average amount is $23,304. It can cover 89.55% of tuition & fees ($26,022) based on out-of-state rate.

In addition, 333 (88.56 % of students) students get helped from the students loans (average amount : $5,056).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15423 (99%)$21,533374 (87%)$6,846
2015-16427 (100%)$23,045339 (79%)$6,065
2016-17501 (100%)$22,926401 (80%)$6,511
2017-18409 (100%)$21,948301 (73%)$5,863
2018-19390 (100%)$24,648375 (96%)$4,364
2019-20397 (99%)$24,330387 (96%)$4,527
2020-21344 (98%)$21,818334 (95%)$3,180
2021-22270 (99%)$23,850266 (97%)$4,177
2022-23225 (97%)$25,635218 (94%)$3,974
Average376 (99.11%)$23,304333 (88.56%)$5,056
*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, 297 (78.11 % of students) received Pell (federal) grants and its average amount is $4,859.

In addition, 283 students received State/local government grants/scholarships (74.67 % 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
2014-15358 (84%)$4,77038 (9%)$1,865344 (80%)$9,700422 (99%)$9,462
2015-16345 (80%)$4,81684 (20%)$1,094327 (76%)$10,242427 (100%)$11,095
2016-17383 (76%)$4,86779 (16%)$1,125343 (68%)$10,404500 (99%)$11,929
2017-18318 (78%)$4,88864 (16%)$1,280251 (61%)$9,684407 (99%)$12,063
2018-19305 (78%)$4,743143 (37%)$1,073305 (78%)$9,857388 (99%)$12,902
2019-20307 (76%)$4,85284 (21%)$1,039309 (77%)$9,874397 (99%)$12,673
2020-21288 (82%)$4,40346 (13%)$1,017289 (82%)$7,920344 (98%)$11,342
2021-22196 (72%)$5,09971 (26%)$1,112201 (74%)$10,240270 (99%)$12,233
2022-23177 (77%)$5,29281 (35%)$1,013175 (76%)$10,993225 (97%)$12,558
Average297 (78.11%)$4,85977 (21.44%)$1,180283 (74.67%)$9,879376 (98.78%)$11,806
*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, 333 (88.56 % of students) get any students loan help and its average loan amount is $333.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15374 (87%)$6,846374 (87%)$6,58912 (3%)$8,018
2015-16339 (79%)$6,065338 (79%)$5,7549 (2%)$12,357
2016-17401 (80%)$6,511399 (79%)$5,93922 (4%)$10,955
2017-18301 (73%)$5,863298 (73%)$5,5808 (2%)$12,715
2018-19375 (96%)$4,364375 (96%)$3,83516 (4%)$12,389
2019-20387 (96%)$4,527387 (96%)$4,25410 (2%)$10,594
2020-21334 (95%)$3,180334 (95%)$3,1034 (1%)$6,475
2021-22266 (97%)$4,177264 (97%)$3,49411 (4%)$17,154
2022-23218 (94%)$3,974218 (94%)$3,5968 (3%)$10,300
Average333 (88.56%)$5,056332 (88.44%)$4,68311 (2.78%)$11,217

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