Financial Aid Trends for Utah Colleges

-10%

Received Percent Changed

$2,568

Received Amount Changes

For the academic year 2023-2024, 54% of students received grants and/or scholarships and its average aid amount is $7,930.

Compared to the percent of received 10 years ago, less students received the financial aid from 67% to 57%. The average financial aid amount has increased from $5,314 to $7,882 at Utah Colleges.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Utah Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 139,010, which is 64.33 % of all undergraduate students.

83,046 students which is 52.11% of undergraduate students received federal student loans and the average loan amount: $7,524.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15111,903 (67%)$5,31477,409 (51%)$4,02881,130 (59%)$7,502
2015-16117,576 (69%)$5,48576,992 (51%)$3,99382,070 (60%)$7,905
2016-17120,612 (65%)$5,83978,154 (47%)$4,21177,213 (55%)$7,701
2017-18130,178 (70%)$6,37486,642 (51%)$4,45393,593 (58%)$7,458
2018-19141,073 (67%)$6,38193,029 (46%)$4,63292,196 (52%)$7,217
2019-20148,502 (62%)$7,06894,857 (40%)$4,87973,470 (47%)$7,629
2020-21147,774 (59%)$6,85885,708 (37%)$5,05084,853 (48%)$7,546
2021-22177,848 (63%)$7,17686,012 (37%)$5,12281,453 (46%)$7,584
2022-23155,620 (57%)$7,88287,838 (35%)$5,37781,440 (44%)$7,171
Average139,010 (64.33%)$6,48685,182 (43.89%)$4,63883,046 (52.11%)$7,524
*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, 20,555 (78.67 % of students) received grants or scholarships and its average amount is $6,643. It can cover 31.93% of tuition & fees ($20,802) based on out-of-state rate. In addition, 8,351 (61.00 % of students) students get helped from the students loans (average amount : $7,477).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1515,705 (80%)$5,5088,062 (68%)$7,535
2015-1617,699 (82%)$5,9697,811 (67%)$7,929
2016-1718,055 (77%)$6,0687,948 (63%)$7,518
2017-1820,178 (81%)$6,9479,482 (66%)$7,976
2018-1925,954 (79%)$6,77714,867 (65%)$7,767
2019-2021,723 (81%)$6,7938,770 (59%)$7,451
2020-2120,668 (78%)$6,6926,255 (54%)$6,733
2021-2223,227 (76%)$7,4456,251 (54%)$7,159
2022-2321,786 (74%)$7,5855,709 (53%)$7,229
Average20,555 (78.67%)$6,6438,351 (61.00%)$7,477
*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, 8,087 (50.56 % of students) received Pell (federal) grants and its average amount is $4,896. In addition, 3,480 students received State/local government grants/scholarships (12.67 % 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
2014-157,636 (59%)$4,3841,505 (31%)$6382,131 (11%)$2,40811,576 (61%)$3,122
2015-167,475 (57%)$4,4511,841 (32%)$5433,275 (14%)$2,02213,735 (59%)$3,375
2016-177,436 (52%)$4,4361,675 (28%)$5903,203 (14%)$2,62613,486 (54%)$3,931
2017-189,028 (56%)$5,0962,590 (31%)$6122,959 (10%)$3,14315,384 (48%)$4,519
2018-1913,152 (54%)$4,8735,544 (33%)$6293,120 (11%)$2,07616,827 (55%)$4,539
2019-208,465 (48%)$5,1685,392 (37%)$8044,576 (19%)$2,57215,888 (44%)$4,362
2020-216,647 (46%)$4,7336,778 (36%)$8564,688 (14%)$3,32016,238 (47%)$4,670
2021-226,380 (41%)$5,28117,584 (52%)$8663,490 (9%)$1,88017,413 (56%)$6,047
2022-236,564 (42%)$5,6467,435 (27%)$8263,881 (12%)$1,94317,149 (59%)$6,354
Average8,087 (50.56%)$4,8965,594 (34.11%)$7073,480 (12.67%)$2,44315,300 (53.67%)$4,547

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, 8,351 (61.00 % of students) get any students loan help and its average loan amount is $8,351.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-158,062 (68%)$7,5357,972 (67%)$6,907818 (25%)$7,829
2015-167,811 (67%)$7,9297,686 (66%)$7,0331,109 (22%)$7,254
2016-177,948 (63%)$7,5187,778 (60%)$6,725869 (17%)$8,057
2017-189,482 (66%)$7,9769,243 (63%)$6,7092,196 (34%)$8,050
2018-1914,867 (65%)$7,76714,700 (61%)$6,2534,351 (35%)$8,488
2019-208,770 (59%)$7,4518,575 (57%)$6,517970 (15%)$9,979
2020-216,255 (54%)$6,7336,108 (54%)$5,900510 (7%)$11,359
2021-226,251 (54%)$7,1596,092 (54%)$6,018579 (9%)$12,636
2022-235,709 (53%)$7,2295,517 (52%)$5,507576 (15%)$13,101
Average8,351 (61.00%)$7,4778,186 (59.33%)$6,3971,331 (19.89%)$9,639