All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Formations Institute since 2011.
For that period, the average number of students who received grants aid/scholarships is 47, which is 78.82 % of all undergraduate students. 30 students which is 51.00% of undergraduate students received federal student loans and the average loan amount is $6,231.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-1254 (69%)$5,46949 (63%)$4,18044 (56%)$3,613
2012-1342 (62%)$5,48635 (51%)$4,20229 (43%)$5,810
2013-1462 (81%)$4,71657 (74%)$3,58046 (60%)$4,861
2014-1558 (82%)$4,33355 (77%)$3,92435 (49%)$6,332
2015-1649 (89%)$5,07246 (84%)$4,26232 (58%)$5,972
2016-1754 (96%)$5,50950 (89%)$4,48035 (63%)$7,790
2017-1850 (86%)$5,34547 (81%)$4,94124 (41%)$7,238
2018-1936 (69%)$6,59136 (69%)$5,78525 (48%)$7,358
2019-2043 (78%)$4,70338 (69%)$4,38820 (36%)$7,085
2020-2134 (69%)$5,02133 (67%)$4,96118 (37%)$7,771
2021-2232 (86%)$4,10731 (84%)$3,98126 (70%)$4,710
Average47 (78.82%)$5,12343 (73.45%)$4,42630 (51.00%)$6,231

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

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 21 (85.91 % of students) received grants or scholarships and its average amount is $4,686. It can cover 26.93% of tuition & fees ($17,400).
In addition, 18 (74.09 % of students) students get helped from the students loans (average amount : $6,754).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-1239 (95%)$4,10432 (78%)$3,998
2012-1319 (73%)$4,42119 (73%)$6,421
2013-1438 (95%)$3,64332 (80%)$5,761
2014-1518 (72%)$4,78522 (88%)$7,731
2015-1615 (100%)$3,92911 (73%)$7,918
2016-1720 (100%)$4,44116 (80%)$6,819
2017-1816 (76%)$5,59516 (76%)$8,004
2018-1923 (96%)$5,86518 (75%)$7,798
2019-2016 (70%)$4,95014 (61%)$7,311
2020-2116 (89%)$5,61112 (67%)$9,092
2021-2211 (79%)$4,2069 (64%)$3,445
Average21 (85.91%)$4,68618 (74.09%)$6,754
*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 12 years, on average, 19 (79.73 % of students) received Pell (federal) grants and its average amount is $4,761.
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
2011-1235 (85%)$4,231----4 (10%)$3,000
2012-1319 (73%)$4,421------
2013-1433 (83%)$3,862----5 (13%)$2,200
2014-1518 (72%)$4,785------
2015-1612 (80%)$4,328----3 (20%)$2,333
2016-1716 (80%)$4,926----4 (20%)$2,500
2017-1816 (76%)$4,970----5 (24%)$2,000
2018-1923 (96%)$5,865------
2019-2016 (70%)$4,950------
2020-2115 (83%)$5,918----1 (6%)$1,000
2021-2211 (79%)$4,115----1 (7%)$1,000
Average19 (79.73%)$4,761----3 (14.29%)$2,005
*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 12 years, on average, 18 (74.09 % of students) get any students loan help and its average loan amount is $18.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1232 (78%)$3,99832 (78%)$3,998--
2012-1319 (73%)$6,42119 (73%)$6,421--
2013-1432 (80%)$5,76132 (80%)$5,761--
2014-1522 (88%)$7,73122 (88%)$7,731--
2015-1611 (73%)$7,91811 (73%)$7,918--
2016-1716 (80%)$6,81916 (80%)$6,819--
2017-1816 (76%)$8,00416 (76%)$8,004--
2018-1918 (75%)$7,79818 (75%)$7,798--
2019-2014 (61%)$7,31114 (61%)$7,311--
2020-2112 (67%)$9,09212 (67%)$9,092--
2021-229 (64%)$3,4459 (64%)$3,445--
Average18 (74.09%)$6,75418 (74.09%)$6,754--
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