Financial Aid Trends for Texas Colleges

No Change

Received Percent Changed

$3,196

Received Amount Changes

For the academic year 2023-2024, 68% of students received grants and/or scholarships and its average aid amount is $11,081.

Compared to the percent of received 10 years ago, similar percent of students received the financial aid. The average financial aid amount has increased from $7,363 to $10,559 at Texas Colleges.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Texas Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 567,549, which is 70.44 % of all undergraduate students.

316,202 students which is 49.22% of undergraduate students received federal student loans and the average loan amount: $7,081.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15500,787 (71%)$7,363334,914 (51%)$3,897339,541 (56%)$7,373
2015-16497,699 (69%)$7,559321,980 (46%)$3,945332,010 (53%)$7,247
2016-17511,129 (68%)$8,008324,022 (44%)$4,024336,347 (52%)$7,229
2017-18531,688 (70%)$8,442337,242 (45%)$4,261334,255 (52%)$7,146
2018-19539,073 (69%)$9,145333,695 (44%)$4,466325,521 (49%)$7,046
2019-20617,618 (71%)$9,509353,653 (43%)$4,564322,317 (48%)$7,059
2020-21614,225 (71%)$9,777332,180 (41%)$4,611296,570 (45%)$6,891
2021-22685,672 (74%)$10,191336,721 (41%)$4,652280,340 (44%)$6,868
2022-23610,047 (71%)$10,559336,687 (42%)$5,016278,913 (44%)$6,869
Average567,549 (70.44%)$8,950334,566 (44.11%)$4,382316,202 (49.22%)$7,081
*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, 100,385 (82.44 % of students) received grants or scholarships and its average amount is $10,751. It can cover 61.00% of tuition & fees ($17,624) based on out-of-state rate. In addition, 54,883 (51.78 % of students) students get helped from the students loans (average amount : $6,552).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1589,592 (82%)$8,76756,821 (58%)$6,705
2015-1686,930 (79%)$9,58554,592 (53%)$6,351
2016-1789,391 (80%)$9,85556,761 (53%)$6,651
2017-1895,796 (81%)$10,37558,965 (55%)$6,575
2018-1998,963 (81%)$10,66057,766 (52%)$6,544
2019-20109,147 (84%)$11,13456,146 (52%)$6,540
2020-21103,824 (84%)$11,56049,711 (48%)$6,420
2021-22116,567 (86%)$12,05850,868 (47%)$6,402
2022-23113,254 (85%)$12,76852,319 (48%)$6,780
Average100,385 (82.44%)$10,75154,883 (51.78%)$6,552
*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, 58,650 (52.89 % of students) received Pell (federal) grants and its average amount is $4,841. In addition, 45,235 students received State/local government grants/scholarships (37.33 % 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
2014-1555,758 (56%)$4,3828,382 (14%)$1,11044,767 (36%)$3,63153,302 (52%)$5,748
2015-1653,044 (51%)$4,4207,922 (15%)$1,16741,324 (35%)$3,54155,999 (55%)$6,215
2016-1754,559 (52%)$4,4968,164 (15%)$1,16342,066 (35%)$3,81355,628 (55%)$6,575
2017-1859,195 (54%)$4,7147,743 (16%)$1,25944,453 (35%)$4,00359,261 (54%)$6,815
2018-1960,164 (54%)$4,8778,426 (15%)$1,21146,927 (39%)$3,99760,583 (54%)$7,275
2019-2063,877 (53%)$5,02938,605 (34%)$1,36246,894 (39%)$4,06766,156 (55%)$7,221
2020-2156,520 (51%)$5,06946,731 (37%)$1,58143,543 (38%)$4,00769,416 (59%)$7,657
2021-2260,188 (52%)$5,05553,790 (39%)$1,81745,935 (40%)$4,36971,008 (60%)$7,844
2022-2364,543 (53%)$5,52416,868 (20%)$1,35351,205 (39%)$4,35578,220 (61%)$8,629
Average58,650 (52.89%)$4,84121,848 (22.78%)$1,33645,235 (37.33%)$3,97663,286 (56.11%)$7,109

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, 54,883 (51.78 % of students) get any students loan help and its average loan amount is $54,883.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1556,821 (58%)$6,70555,340 (59%)$6,0747,279 (9%)$8,229
2015-1654,592 (53%)$6,35153,615 (54%)$5,6844,951 (6%)$9,794
2016-1756,761 (53%)$6,65155,505 (53%)$5,7955,224 (7%)$10,781
2017-1858,965 (55%)$6,57557,935 (56%)$5,7915,192 (7%)$10,716
2018-1957,766 (52%)$6,54456,560 (53%)$5,6825,663 (6%)$11,029
2019-2056,146 (52%)$6,54054,846 (52%)$5,5795,854 (8%)$12,012
2020-2149,711 (48%)$6,42048,536 (49%)$5,4664,901 (7%)$12,492
2021-2250,868 (47%)$6,40249,630 (47%)$5,4095,147 (8%)$12,297
2022-2352,319 (48%)$6,78051,063 (48%)$5,4135,878 (9%)$13,157
Average54,883 (51.78%)$6,55253,670 (52.33%)$5,6555,565 (7.44%)$11,167