Financial Aid Trends for Arkansas Colleges

3%

Received Percent Changed

$1,719

Received Amount Changes

For the academic year 2023-2024, 83% of students received grants and/or scholarships and its average aid amount is $12,728.

Compared to the percent of received 10 years ago, more students received the financial aid from 83% to 86%. The average financial aid amount has increased from $10,582 to $12,301 at Arkansas Colleges.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Arkansas Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 74,375, which is 83.78 % of all undergraduate students.

44,810 students which is 54.22% of undergraduate students received federal student loans and the average loan amount: $6,897.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1580,658 (83%)$10,58244,100 (50%)$4,18452,084 (59%)$7,120
2015-1678,290 (81%)$10,25540,654 (46%)$4,07449,593 (54%)$7,206
2016-1775,357 (83%)$9,79139,382 (46%)$4,26549,658 (56%)$7,116
2017-1874,139 (83%)$10,92039,183 (47%)$4,56749,315 (58%)$6,931
2018-1972,756 (82%)$11,08137,284 (47%)$4,63246,383 (56%)$6,906
2019-2077,005 (84%)$11,46535,226 (46%)$4,75343,995 (55%)$6,818
2020-2174,719 (86%)$12,26232,342 (46%)$4,73839,656 (53%)$6,734
2021-2269,597 (86%)$11,92930,032 (43%)$4,80336,475 (51%)$6,677
2022-2366,856 (86%)$12,30130,078 (43%)$5,08136,132 (46%)$6,565
Average74,375 (83.78%)$11,17636,476 (46.00%)$4,56644,810 (54.22%)$6,897
*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

Over the past 10 years, on average, 15,348 (94.00 % of students) received grants or scholarships and its average amount is $11,414. It can cover 70.44% of tuition & fees ($16,203) based on out-of-state rate. In addition, 9,357 (60.56 % of students) students get helped from the students loans (average amount : $6,410).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1517,253 (95%)$10,02810,960 (65%)$6,300
2015-1616,848 (93%)$10,55610,717 (62%)$6,277
2016-1715,618 (93%)$10,46910,160 (63%)$6,648
2017-1815,516 (93%)$11,1089,851 (62%)$6,277
2018-1915,129 (93%)$11,4419,462 (61%)$6,420
2019-2016,085 (94%)$11,8799,206 (61%)$6,374
2020-2113,896 (95%)$12,2857,864 (59%)$6,413
2021-2213,846 (95%)$12,5307,635 (54%)$6,572
2022-2313,941 (95%)$12,4278,355 (58%)$6,412
Average15,348 (94.00%)$11,4149,357 (60.56%)$6,410
*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. Over the past 10 years, on average, 7,382 (51.56 % of students) received Pell (federal) grants and its average amount is $4,784. In addition, 8,605 students received State/local government grants/scholarships (42.22 % of students).

YearFederal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-159,349 (57%)$4,4221,362 (14%)$1,02210,058 (49%)$2,34011,059 (71%)$7,958
2015-168,725 (52%)$4,4081,561 (12%)$8709,961 (49%)$2,34210,371 (68%)$8,185
2016-177,737 (51%)$4,4461,717 (14%)$1,1469,180 (45%)$1,58810,579 (70%)$8,263
2017-187,604 (51%)$4,6601,855 (17%)$1,0059,095 (44%)$1,46210,873 (71%)$8,811
2018-197,460 (52%)$4,7531,927 (17%)$1,0378,880 (41%)$1,56811,223 (70%)$9,114
2019-207,267 (52%)$4,9607,909 (39%)$1,1228,779 (43%)$1,52211,180 (75%)$9,449
2020-216,111 (53%)$4,9196,520 (45%)$1,6467,427 (38%)$1,58811,157 (78%)$9,819
2021-225,858 (46%)$5,1986,760 (46%)$1,9706,849 (35%)$1,63311,264 (80%)$10,322
2022-236,329 (50%)$5,2883,269 (28%)$1,4427,220 (36%)$1,81111,498 (79%)$9,500
Average7,382 (51.56%)$4,7843,653 (25.78%)$1,2518,605 (42.22%)$1,76211,023 (73.56%)$9,047

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. Over the past 10 years, on average, 9,357 (60.56 % of students) get any students loan help and its average loan amount is $9,357.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1510,960 (65%)$6,30010,863 (64%)$5,833559 (6%)$8,261
2015-1610,717 (62%)$6,27710,562 (60%)$5,698761 (7%)$8,499
2016-1710,160 (63%)$6,64810,025 (62%)$6,034800 (7%)$8,174
2017-189,851 (62%)$6,2779,738 (61%)$5,794801 (5%)$8,188
2018-199,462 (61%)$6,4209,319 (60%)$5,7811,026 (8%)$7,925
2019-209,206 (61%)$6,3749,058 (60%)$5,785915 (7%)$8,882
2020-217,864 (59%)$6,4137,669 (57%)$5,863806 (6%)$9,164
2021-227,635 (54%)$6,5727,444 (53%)$5,724964 (7%)$10,964
2022-238,355 (58%)$6,4128,125 (57%)$5,4061,154 (7%)$10,214
Average9,357 (60.56%)$6,4109,200 (59.33%)$5,769865 (6.67%)$8,919