Financial Aid Trends for South Dakota Colleges

1%

Received Percent Changed

$2,811

Received Amount Changes

For the academic year 2023-2024, 67% of students received grants and/or scholarships and its average aid amount is $10,694.

Compared to the percent of received 10 years ago, more students received the financial aid from 67% to 68%. The average financial aid amount has increased from $6,807 to $9,618 at South Dakota 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 Dakota Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 23,506, which is 68.22 % of all undergraduate students.

18,353 students which is 52.78% of undergraduate students received federal student loans and the average loan amount: $6,688.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1523,905 (67%)$6,80712,292 (39%)$3,49221,572 (57%)$6,786
2015-1623,137 (63%)$7,27411,310 (37%)$3,68220,665 (56%)$7,047
2016-1723,021 (66%)$7,62110,739 (36%)$3,68520,227 (56%)$6,901
2017-1823,313 (72%)$7,92910,804 (41%)$3,86019,834 (59%)$7,024
2018-1923,293 (70%)$7,75310,483 (37%)$4,07319,311 (56%)$6,655
2019-2024,464 (71%)$8,5809,649 (33%)$4,12017,866 (51%)$6,541
2020-2123,202 (68%)$8,9828,347 (31%)$4,28316,398 (49%)$6,582
2021-2225,823 (69%)$9,5437,871 (29%)$4,17614,979 (45%)$6,552
2022-2321,396 (68%)$9,6187,142 (29%)$4,56514,322 (46%)$6,107
Average23,506 (68.22%)$8,2349,849 (34.67%)$3,99318,353 (52.78%)$6,688
*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, 5,139 (87.22 % of students) received grants or scholarships and its average amount is $9,220. It can cover 93.13% of tuition & fees ($9,900) based on out-of-state rate. In addition, 4,008 (68.67 % of students) students get helped from the students loans (average amount : $7,566).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-154,790 (82%)$7,3024,192 (72%)$7,466
2015-164,781 (76%)$8,1034,060 (63%)$7,384
2016-174,819 (85%)$8,6084,257 (74%)$7,388
2017-185,095 (90%)$9,0774,360 (75%)$7,779
2018-194,965 (89%)$9,0414,232 (74%)$7,520
2019-205,465 (93%)$9,7103,949 (68%)$8,021
2020-215,011 (88%)$9,8913,579 (65%)$7,204
2021-225,721 (93%)$10,7963,636 (65%)$7,616
2022-235,600 (89%)$10,4533,809 (62%)$7,719
Average5,139 (87.22%)$9,2204,008 (68.67%)$7,566
*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, 1,737 (43.56 % of students) received Pell (federal) grants and its average amount is $4,380. In addition, 1,318 students received State/local government grants/scholarships (23.22 % 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
2014-151,957 (48%)$3,763963 (26%)$9831,315 (21%)$1,1543,989 (73%)$6,413
2015-161,818 (38%)$3,946965 (23%)$1,0281,339 (25%)$1,5704,092 (77%)$6,829
2016-171,768 (49%)$4,116982 (25%)$1,1861,391 (24%)$1,5004,151 (78%)$7,053
2017-181,912 (46%)$4,3751,018 (21%)$1,1761,370 (21%)$1,5664,290 (73%)$7,218
2018-191,841 (46%)$4,334995 (23%)$1,8081,374 (22%)$1,4534,192 (70%)$6,755
2019-201,754 (47%)$4,4862,954 (48%)$1,0791,419 (28%)$1,3874,490 (81%)$7,112
2020-211,498 (40%)$4,6022,059 (43%)$2,1481,356 (23%)$1,3214,391 (79%)$7,395
2021-221,586 (40%)$4,7804,130 (63%)$2,2541,140 (23%)$1,4544,827 (75%)$7,656
2022-231,503 (38%)$5,0211,029 (28%)$1,8041,160 (22%)$1,6835,225 (79%)$7,777
Average1,737 (43.56%)$4,3801,677 (33.33%)$1,4961,318 (23.22%)$1,4544,405 (76.11%)$7,134

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, 4,008 (68.67 % of students) get any students loan help and its average loan amount is $4,008.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-154,192 (72%)$7,4664,155 (72%)$6,163818 (14%)$9,020
2015-164,060 (63%)$7,3844,009 (63%)$5,850832 (14%)$9,341
2016-174,257 (74%)$7,3884,209 (74%)$5,690951 (16%)$9,886
2017-184,360 (75%)$7,7794,311 (75%)$6,022994 (16%)$9,730
2018-194,232 (74%)$7,5204,155 (73%)$5,2281,130 (17%)$10,812
2019-203,949 (68%)$8,0213,883 (67%)$5,5521,046 (17%)$10,971
2020-213,579 (65%)$7,2043,508 (64%)$5,176847 (14%)$10,465
2021-223,636 (65%)$7,6163,547 (64%)$5,560821 (13%)$11,459
2022-233,809 (62%)$7,7193,746 (61%)$5,384888 (15%)$11,417
Average4,008 (68.67%)$7,5663,947 (68.11%)$5,625925 (15.11%)$10,345