Financial Aid Trends for Guam Colleges

-18%

Received Percent Changed

$514

Received Amount Changes

For the academic year 2023-2024, 73% of students received grants and/or scholarships and its average aid amount is $5,806.

Compared to the percent of received 10 years ago, less students received the financial aid from 78% to 60%. The average financial aid amount has increased from $4,859 to $5,373 at Guam Colleges.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Guam Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 3,561, which is 73.67 % of all undergraduate students.

725 students which is 23.67% of undergraduate students received federal student loans and the average loan amount: $5,052.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-154,136 (78%)$4,8593,597 (72%)$3,8501,092 (30%)$5,324
2015-163,684 (71%)$4,0613,337 (68%)$3,553977 (26%)$5,398
2016-173,634 (73%)$3,7913,068 (68%)$3,025862 (24%)$5,350
2017-183,703 (76%)$5,2652,949 (67%)$4,257851 (24%)$5,330
2018-193,714 (72%)$8,8802,825 (63%)$4,812733 (21%)$5,256
2019-203,522 (80%)$4,3742,888 (73%)$4,170640 (20%)$3,063
2020-214,080 (82%)$4,2172,638 (66%)$3,979622 (42%)$3,989
2021-222,630 (71%)$5,3092,172 (66%)$4,682420 (17%)$4,723
2022-232,947 (60%)$5,3731,722 (39%)$5,578329 (9%)$7,033
Average3,561 (73.67%)$5,1252,800 (64.67%)$4,212725 (23.67%)$5,052
*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, 520 (81.33 % of students) received grants or scholarships and its average amount is $5,149. It can cover 64.25% of tuition & fees ($8,014) based on out-of-state rate. In addition, 114 (24.22 % of students) students get helped from the students loans (average amount : $3,919).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15475 (84%)$4,174173 (32%)$2,253
2015-16408 (82%)$4,11689 (18%)$4,475
2016-17516 (81%)$4,55172 (17%)$4,622
2017-18425 (77%)$6,69471 (17%)$4,462
2018-19580 (83%)$5,61385 (18%)$4,234
2019-20599 (86%)$5,62791 (12%)$3,559
2020-21503 (78%)$5,16564 (16%)$2,898
2021-22422 (80%)$4,87357 (14%)$4,423
2022-23749 (81%)$5,527322 (74%)$4,347
Average520 (81.33%)$5,149114 (24.22%)$3,919
*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, 415 (73.44 % of students) received Pell (federal) grants and its average amount is $4,770. In addition, 143 students received State/local government grants/scholarships (34.22 % 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
2014-15393 (79%)$3,577164 (21%)$41466 (24%)$2,09415 (45%)$1,252
2015-16302 (75%)$4,11347 (10%)$1,29580 (16%)$5,427--
2016-17453 (77%)$4,32622 (3%)$84452 (55%)$3,7124 (1%)$4,632
2017-18366 (72%)$4,54420 (3%)$1,28041 (30%)$4,75410 (51%)$4,746
2018-19453 (74%)$5,57525 (6%)$952116 (16%)$3,2436 (20%)$2,401
2019-20503 (78%)$5,458224 (78%)$429203 (48%)$92221 (24%)$1,151
2020-21442 (73%)$4,789159 (22%)$723141 (27%)$2,26312 (12%)$1,172
2021-22328 (73%)$4,83172 (40%)$554208 (52%)$1,8057 (1%)$2,718
2022-23494 (60%)$5,719494 (58%)$472378 (40%)$1,76320 (5%)$2,262
Average415 (73.44%)$4,770136 (26.78%)$774143 (34.22%)$2,88712 (19.88%)$2,542

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, 114 (24.22 % of students) get any students loan help and its average loan amount is $114.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15173 (32%)$2,253144 (26%)$2,21845 (8%)$1,567
2015-1689 (18%)$4,47589 (18%)$4,475--
2016-1772 (17%)$4,62271 (16%)$4,6581 (0%)$2,106
2017-1871 (17%)$4,46271 (17%)$4,462--
2018-1985 (18%)$4,23484 (18%)$4,1711 (0%)$9,500
2019-2091 (12%)$3,55989 (23%)$3,4682 (1%)$3,650
2020-2164 (16%)$2,89864 (16%)$2,898--
2021-2257 (14%)$4,42357 (14%)$4,423--
2022-23322 (74%)$4,347317 (72%)$4,2445 (1%)$10,903
Average114 (24.22%)$3,919110 (24.44%)$3,89111 (3.33%)$5,545