Financial Aid Trends for Nevada Colleges

-13%

Received Percent Changed

-$368

Received Amount Changes

For the academic year 2023-2024, 50% of students received grants and/or scholarships and its average aid amount is $5,529.

Compared to the percent of received 10 years ago, less students received the financial aid from 64% to 51%. The average financial aid amount has decreased from $5,542 to $5,174 at Nevada Colleges.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Nevada Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 55,256, which is 58.89 % of all undergraduate students.

22,318 students which is 42.44% of undergraduate students received federal student loans and the average loan amount: $7,995.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1554,514 (64%)$5,54235,933 (47%)$3,91529,130 (53%)$8,309
2015-1656,400 (64%)$5,04132,979 (41%)$3,73526,312 (51%)$8,051
2016-1751,278 (57%)$5,05531,325 (39%)$3,84525,376 (48%)$8,189
2017-1851,502 (60%)$5,78431,352 (41%)$3,84823,220 (46%)$7,414
2018-1950,981 (56%)$5,93830,389 (33%)$4,08822,265 (40%)$7,656
2019-2058,116 (61%)$5,67731,348 (33%)$4,36420,559 (38%)$7,984
2020-2157,989 (58%)$5,70628,522 (32%)$4,04918,303 (37%)$8,151
2021-2267,007 (59%)$4,88229,111 (31%)$4,15717,873 (35%)$7,882
2022-2349,518 (51%)$5,17428,512 (30%)$4,48517,826 (34%)$8,322
Average55,256 (58.89%)$5,42231,052 (36.33%)$4,05422,318 (42.44%)$7,995
*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, 9,963 (82.56 % of students) received grants or scholarships and its average amount is $6,099. It can cover 33.66% of tuition & fees ($18,119) based on out-of-state rate. In addition, 3,078 (46.11 % of students) students get helped from the students loans (average amount : $6,782).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-158,702 (84%)$5,9943,751 (56%)$6,834
2015-169,188 (83%)$5,6843,546 (55%)$6,482
2016-178,778 (79%)$6,1133,408 (53%)$6,503
2017-189,745 (86%)$6,1293,228 (50%)$4,955
2018-1910,421 (84%)$6,7303,250 (43%)$6,598
2019-2011,651 (85%)$6,9132,995 (42%)$6,675
2020-2110,552 (81%)$5,7462,361 (41%)$6,856
2021-2210,223 (86%)$5,5312,557 (38%)$7,969
2022-2310,409 (75%)$6,0472,607 (37%)$8,168
Average9,963 (82.56%)$6,0993,078 (46.11%)$6,782
*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, 4,898 (54.11 % of students) received Pell (federal) grants and its average amount is $4,676. In addition, 7,440 students received State/local government grants/scholarships (53.78 % 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
2014-154,550 (58%)$4,441464 (12%)$9415,692 (40%)$1,4374,036 (50%)$3,626
2015-164,442 (59%)$4,336337 (22%)$8746,406 (45%)$1,7604,077 (49%)$3,114
2016-174,346 (52%)$4,484421 (23%)$8156,720 (46%)$3,7403,917 (54%)$3,477
2017-184,922 (61%)$4,532435 (30%)$9767,700 (53%)$2,0254,811 (51%)$3,347
2018-195,188 (55%)$4,788643 (18%)$7558,485 (58%)$2,2164,879 (52%)$3,452
2019-205,702 (54%)$4,7277,286 (55%)$1,0818,739 (58%)$2,2395,296 (51%)$3,933
2020-214,814 (42%)$5,0796,149 (41%)$8788,377 (59%)$2,2655,488 (48%)$3,844
2021-224,949 (59%)$4,5063,720 (41%)$1,3047,313 (63%)$2,4476,078 (44%)$2,649
2022-235,167 (47%)$5,1901,183 (14%)$1,1057,529 (62%)$2,4826,937 (45%)$2,558
Average4,898 (54.11%)$4,6762,293 (28.44%)$9707,440 (53.78%)$2,2905,058 (49.33%)$3,333

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, 3,078 (46.11 % of students) get any students loan help and its average loan amount is $3,078.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-153,751 (56%)$6,8343,688 (56%)$6,673297 (3%)$10,210
2015-163,546 (55%)$6,4823,492 (55%)$6,284343 (5%)$9,088
2016-173,408 (53%)$6,5033,337 (52%)$6,167266 (11%)$9,837
2017-183,228 (50%)$4,9553,201 (49%)$4,758199 (4%)$9,356
2018-193,250 (43%)$6,5983,199 (42%)$6,137294 (8%)$9,874
2019-202,995 (42%)$6,6752,944 (42%)$5,656276 (18%)$13,158
2020-212,361 (41%)$6,8562,298 (41%)$6,402221 (16%)$8,726
2021-222,557 (38%)$7,9692,506 (38%)$6,003223 (46%)$11,932
2022-232,607 (37%)$8,1682,544 (36%)$6,076311 (22%)$14,947
Average3,078 (46.11%)$6,7823,023 (45.67%)$6,017270 (14.78%)$10,792