Financial Aid Trends for South Carolina Colleges

1%

Received Percent Changed

$4,261

Received Amount Changes

For the academic year 2023-2024, 83% of students received grants and/or scholarships and its average aid amount is $16,294.

Compared to the percent of received 10 years ago, more students received the financial aid from 83% to 84%. The average financial aid amount has increased from $10,922 to $15,183 at South Carolina Colleges.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at South Carolina Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 110,789, which is 83.33 % of all undergraduate students.

69,984 students which is 60.78% of undergraduate students received federal student loans and the average loan amount: $7,118.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15105,767 (83%)$10,92252,886 (52%)$4,15478,128 (67%)$7,825
2015-16106,525 (82%)$11,53251,309 (49%)$4,14274,148 (65%)$7,278
2016-17107,049 (83%)$11,76149,260 (48%)$4,20575,842 (64%)$7,489
2017-18108,627 (83%)$11,99149,440 (47%)$4,40375,340 (65%)$7,123
2018-19108,443 (82%)$12,72347,860 (45%)$4,59172,456 (62%)$7,118
2019-20116,871 (84%)$13,14246,748 (45%)$4,69669,501 (59%)$6,859
2020-21112,901 (83%)$13,90542,302 (43%)$4,84264,544 (58%)$6,797
2021-22118,883 (86%)$14,72041,251 (42%)$4,88461,138 (55%)$6,859
2022-23112,031 (84%)$15,18340,438 (41%)$5,25458,762 (52%)$6,711
Average110,789 (83.33%)$12,87546,833 (45.78%)$4,57569,984 (60.78%)$7,118
*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, 26,296 (93.11 % of students) received grants or scholarships and its average amount is $13,958. It can cover 50.87% of tuition & fees ($27,436) based on out-of-state rate. In addition, 16,076 (65.56 % of students) students get helped from the students loans (average amount : $7,176).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1524,631 (92%)$11,94816,998 (73%)$7,107
2015-1624,885 (93%)$12,88016,422 (71%)$6,802
2016-1725,562 (93%)$13,13616,522 (68%)$7,166
2017-1825,911 (93%)$13,20717,020 (69%)$6,946
2018-1927,059 (93%)$14,17316,879 (67%)$7,548
2019-2027,801 (95%)$14,05016,071 (65%)$7,502
2020-2125,527 (92%)$14,62514,431 (60%)$6,932
2021-2227,796 (94%)$15,53514,992 (59%)$7,354
2022-2327,494 (93%)$16,06715,350 (58%)$7,223
Average26,296 (93.11%)$13,95816,076 (65.56%)$7,176
*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, 10,096 (50.44 % of students) received Pell (federal) grants and its average amount is $4,810. In addition, 16,974 students received State/local government grants/scholarships (59.89 % 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
2014-1510,546 (56%)$4,4662,760 (18%)$1,06815,964 (58%)$5,19915,610 (63%)$8,555
2015-1610,436 (53%)$4,4592,704 (19%)$1,16416,588 (60%)$5,23915,924 (60%)$8,332
2016-1710,382 (52%)$4,5432,713 (16%)$1,05417,056 (60%)$5,38316,709 (64%)$8,493
2017-1810,660 (50%)$4,5602,624 (15%)$1,15917,356 (65%)$5,48316,905 (66%)$8,935
2018-1910,811 (50%)$4,8182,965 (17%)$1,31517,839 (62%)$5,49619,016 (69%)$9,623
2019-2010,342 (51%)$4,83514,182 (38%)$1,26517,562 (60%)$5,76319,766 (70%)$9,318
2020-218,809 (47%)$5,05111,354 (36%)$1,34616,729 (61%)$5,67517,377 (67%)$9,880
2021-229,258 (48%)$5,20014,935 (34%)$1,90916,699 (57%)$6,17118,675 (67%)$10,278
2022-239,623 (47%)$5,3553,624 (20%)$1,43816,974 (56%)$6,28320,647 (73%)$10,951
Average10,096 (50.44%)$4,8106,429 (23.67%)$1,30216,974 (59.89%)$5,63217,848 (66.56%)$9,374

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, 16,076 (65.56 % of students) get any students loan help and its average loan amount is $16,076.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1516,998 (73%)$7,10716,787 (73%)$6,4001,694 (6%)$9,849
2015-1616,422 (71%)$6,80216,151 (70%)$6,0581,864 (6%)$9,961
2016-1716,522 (68%)$7,16616,223 (67%)$6,1691,991 (7%)$10,808
2017-1817,020 (69%)$6,94616,648 (68%)$5,9032,234 (7%)$11,111
2018-1916,879 (67%)$7,54816,396 (66%)$6,0372,698 (9%)$11,254
2019-2016,071 (65%)$7,50215,561 (63%)$5,9242,733 (9%)$12,255
2020-2114,431 (60%)$6,93214,045 (60%)$5,4262,366 (8%)$12,977
2021-2214,992 (59%)$7,35414,591 (59%)$5,7822,619 (7%)$13,502
2022-2315,350 (58%)$7,22314,885 (57%)$5,4912,808 (8%)$14,035
Average16,076 (65.56%)$7,17615,699 (64.78%)$5,9102,334 (7.44%)$11,750