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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Massachusetts Colleges since 2012. For that period, the average number of students who received grants aid/scholarships is 2,226, which is 73.70 % of all undergraduate students. 1,707 students which is 55.90% of undergraduate students received federal student loans and the average loan amount: $6,966.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-132,109 (71%)$16,602850 (30%)$4,0301,835 (60%)$7,283
2013-142,148 (72%)$16,859857 (30%)$4,1101,796 (60%)$7,242
2014-152,167 (73%)$17,338862 (30%)$4,1121,799 (59%)$7,130
2015-162,157 (70%)$18,210842 (28%)$4,1581,766 (57%)$7,081
2016-172,156 (72%)$18,883818 (28%)$4,2031,728 (56%)$7,120
2017-182,176 (72%)$19,571845 (29%)$4,3711,716 (56%)$6,939
2018-192,242 (73%)$21,105847 (28%)$4,5491,715 (55%)$6,819
2019-202,300 (75%)$21,655826 (28%)$4,5871,663 (54%)$6,808
2020-212,383 (79%)$21,859798 (28%)$4,7311,528 (51%)$6,755
2021-222,425 (80%)$23,351784 (27%)$4,6961,527 (51%)$6,485
Average2,226 (73.70%)$19,543833 (28.60%)$4,3551,707 (55.90%)$6,966

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

OverviewGrants/ScholarshipStudent Loans
For the last 10 years, on average, 551 (82.40 % of students) received grants or scholarships and its average amount is $22,113. It can cover 89.88% of tuition & fees ($24,604) based on out-of-state rate. In addition, 409 (63.00 % of students) students get helped from the students loans (average amount : $8,348).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-13508 (79%)$17,837427 (67%)$8,208
2013-14507 (78%)$19,059417 (66%)$8,172
2014-15521 (81%)$19,326420 (66%)$8,131
2015-16533 (81%)$20,689412 (64%)$8,239
2016-17538 (82%)$21,468415 (64%)$8,628
2017-18550 (82%)$22,485416 (63%)$8,411
2018-19572 (82%)$23,795422 (62%)$8,251
2019-20600 (85%)$25,251422 (61%)$8,869
2020-21567 (87%)$24,558350 (59%)$8,087
2021-22610 (87%)$26,660386 (58%)$8,483
Average551 (82.40%)$22,113409 (63.00%)$8,348
*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, 183 (31.40 % of students) received Pell (federal) grants and its average amount is $4,586. In addition, 170 students received State/local government grants/scholarships (23.10 % 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
2012-13175 (32%)$4,218104 (17%)$1,533188 (25%)$1,655467 (74%)$15,782
2013-14178 (30%)$4,330105 (14%)$1,503195 (24%)$1,768478 (75%)$17,315
2014-15177 (31%)$4,337104 (16%)$1,477187 (25%)$1,771484 (77%)$17,352
2015-16180 (31%)$4,469108 (16%)$1,480189 (23%)$2,014499 (78%)$18,711
2016-17178 (31%)$4,447109 (16%)$1,408150 (21%)$2,313522 (79%)$19,534
2017-18190 (33%)$4,602124 (17%)$1,421156 (22%)$2,092535 (78%)$20,479
2018-19194 (32%)$4,741126 (19%)$1,551160 (22%)$2,058559 (79%)$21,731
2019-20195 (31%)$4,877218 (31%)$1,637170 (21%)$2,250577 (82%)$22,795
2020-21176 (32%)$4,890223 (33%)$1,806152 (26%)$2,269547 (83%)$22,415
2021-22185 (31%)$4,948250 (36%)$1,989156 (22%)$2,771577 (82%)$24,308
Average183 (31.40%)$4,586147 (21.50%)$1,581170 (23.10%)$2,096525 (78.70%)$20,042
*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, 409 (63.00 % of students) get any students loan help and its average loan amount is $409.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2012-13427 (67%)$8,208419 (65%)$6,03479 (14%)$12,779
2013-14417 (66%)$8,172407 (65%)$5,90480 (13%)$13,264
2014-15420 (66%)$8,131411 (64%)$5,65379 (15%)$13,135
2015-16412 (64%)$8,239400 (62%)$5,63885 (15%)$14,266
2016-17415 (64%)$8,628405 (62%)$5,61489 (16%)$14,875
2017-18416 (63%)$8,411406 (62%)$5,50195 (15%)$15,453
2018-19422 (62%)$8,251410 (61%)$5,136104 (14%)$15,026
2019-20422 (61%)$8,869410 (60%)$5,096107 (15%)$16,152
2020-21350 (59%)$8,087338 (57%)$5,07680 (13%)$15,816
2021-22386 (58%)$8,483373 (57%)$4,97193 (13%)$18,344
Average409 (63.00%)$8,348398 (61.50%)$5,46289 (14.30%)$14,911
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