Financial Aid Trends for Iowa Colleges

3%

Received Percent Changed

$6,627

Received Amount Changes

For the academic year 2023-2024, 84% of students received grants and/or scholarships and its average aid amount is $21,877.

Compared to the percent of received 10 years ago, more students received the financial aid from 84% to 87%. The average financial aid amount has increased from $13,259 to $19,886 at Iowa Colleges.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Iowa Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 87,779, which is 85.22 % of all undergraduate students.

62,904 students which is 62.00% of undergraduate students received federal student loans and the average loan amount: $7,035.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15105,695 (84%)$13,25953,732 (41%)$4,05885,636 (67%)$7,495
2015-16103,198 (85%)$13,63949,657 (39%)$3,89580,977 (66%)$7,257
2016-1798,983 (83%)$14,74744,299 (37%)$3,99175,709 (64%)$7,197
2017-1896,967 (83%)$15,37543,446 (39%)$4,39572,145 (64%)$7,319
2018-1978,762 (86%)$17,01527,897 (36%)$4,23555,844 (62%)$6,757
2019-2084,723 (86%)$18,01625,918 (34%)$4,37553,137 (61%)$6,873
2020-2174,667 (87%)$18,49924,491 (33%)$4,42250,141 (58%)$6,912
2021-2275,641 (86%)$20,05222,960 (33%)$4,59547,227 (58%)$6,739
2022-2371,374 (87%)$19,88621,508 (31%)$4,73645,320 (58%)$6,764
Average87,779 (85.22%)$16,72134,879 (35.89%)$4,30062,904 (62.00%)$7,035
*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, 17,418 (93.56 % of students) received grants or scholarships and its average amount is $19,311. It can cover 69.00% of tuition & fees ($27,988) based on out-of-state rate. In addition, 11,693 (70.11 % of students) students get helped from the students loans (average amount : $7,713).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1517,602 (93%)$14,88312,594 (74%)$7,577
2015-1618,141 (91%)$15,91312,375 (75%)$7,591
2016-1718,266 (92%)$16,66412,548 (71%)$7,188
2017-1817,974 (93%)$17,83912,221 (73%)$7,654
2018-1917,095 (92%)$20,05012,057 (69%)$7,679
2019-2017,169 (95%)$21,23211,510 (70%)$8,054
2020-2116,456 (95%)$21,34410,677 (69%)$7,812
2021-2217,252 (95%)$22,18210,603 (66%)$7,801
2022-2316,811 (96%)$23,69210,655 (64%)$8,063
Average17,418 (93.56%)$19,31111,693 (70.11%)$7,713
*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, 5,177 (40.44 % of students) received Pell (federal) grants and its average amount is $4,515. In addition, 2,146 students received State/local government grants/scholarships (25.00 % 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
2014-155,462 (44%)$4,2003,113 (32%)$9582,680 (27%)$4,31316,713 (89%)$12,947
2015-165,533 (44%)$4,1212,805 (33%)$9762,134 (26%)$4,71317,578 (86%)$13,507
2016-175,593 (42%)$4,0842,735 (31%)$1,0632,115 (24%)$5,25517,691 (90%)$15,140
2017-185,390 (45%)$4,5373,048 (33%)$1,0731,939 (27%)$4,94917,300 (90%)$15,427
2018-195,467 (39%)$4,3793,056 (27%)$1,0632,225 (26%)$5,23716,486 (89%)$17,198
2019-205,071 (39%)$4,5565,840 (40%)$1,2482,045 (25%)$5,46116,373 (92%)$18,168
2020-214,790 (38%)$4,7446,666 (46%)$1,4302,428 (25%)$5,27615,946 (92%)$18,161
2021-224,844 (37%)$4,8338,532 (50%)$1,7851,841 (22%)$6,30516,272 (92%)$18,904
2022-234,442 (36%)$5,1772,986 (28%)$1,1841,908 (23%)$6,94216,417 (94%)$20,532
Average5,177 (40.44%)$4,5154,309 (35.56%)$1,1982,146 (25.00%)$5,38316,753 (90.44%)$16,665

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, 11,693 (70.11 % of students) get any students loan help and its average loan amount is $11,693.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1512,594 (74%)$7,57712,402 (73%)$6,2552,264 (16%)$9,089
2015-1612,375 (75%)$7,59112,179 (74%)$6,1842,454 (17%)$8,961
2016-1712,548 (71%)$7,18812,367 (70%)$5,9012,375 (15%)$9,717
2017-1812,221 (73%)$7,65412,017 (72%)$6,2692,436 (15%)$10,131
2018-1912,057 (69%)$7,67911,888 (68%)$5,5043,075 (19%)$10,036
2019-2011,510 (70%)$8,05411,250 (69%)$5,6993,391 (22%)$10,313
2020-2110,677 (69%)$7,81210,413 (67%)$5,7232,800 (18%)$10,942
2021-2210,603 (66%)$7,80110,476 (65%)$5,6602,582 (17%)$11,728
2022-2310,655 (64%)$8,06310,394 (63%)$5,5352,924 (18%)$11,331
Average11,693 (70.11%)$7,71311,487 (69.00%)$5,8592,700 (17.44%)$10,250