Financial Aid Trends for West Virginia Colleges

-7%

Received Percent Changed

$1,695

Received Amount Changes

For the academic year 2023-2024, 74% of students received grants and/or scholarships and its average aid amount is $11,868.

Compared to the percent of received 10 years ago, less students received the financial aid from 76% to 69%. The average financial aid amount has increased from $9,907 to $11,602 at West Virginia Colleges.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at West Virginia Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 78,545, which is 72.44 % of all undergraduate students.

39,056 students which is 51.22% of undergraduate students received federal student loans and the average loan amount: $7,187.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1586,841 (76%)$9,90738,588 (43%)$4,01750,512 (59%)$7,076
2015-1683,540 (72%)$10,21635,235 (42%)$4,20946,016 (57%)$7,328
2016-1780,129 (72%)$10,32633,596 (41%)$4,16043,684 (53%)$7,489
2017-1877,903 (71%)$10,76433,319 (41%)$4,29242,579 (54%)$7,257
2018-1977,848 (71%)$10,76031,637 (40%)$4,47438,478 (50%)$7,257
2019-2077,521 (73%)$11,39330,529 (41%)$4,46836,728 (50%)$7,139
2020-2177,242 (74%)$10,64028,454 (39%)$4,58233,451 (48%)$7,035
2021-2272,707 (74%)$11,79927,088 (38%)$4,80731,751 (49%)$7,232
2022-2373,171 (69%)$11,60226,111 (36%)$4,86028,307 (41%)$6,874
Average78,545 (72.44%)$10,82331,617 (40.11%)$4,43039,056 (51.22%)$7,187
*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, 11,073 (91.44 % of students) received grants or scholarships and its average amount is $11,554. It can cover 66.22% of tuition & fees ($17,447) based on out-of-state rate. In addition, 7,456 (62.44 % of students) students get helped from the students loans (average amount : $7,199).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1511,183 (91%)$9,7888,452 (67%)$7,101
2015-1611,139 (87%)$9,9837,974 (64%)$7,089
2016-1711,333 (89%)$11,4668,169 (64%)$7,475
2017-1811,613 (91%)$11,6408,448 (67%)$7,033
2018-1911,313 (92%)$12,0537,501 (61%)$7,147
2019-2011,118 (93%)$12,0417,309 (62%)$6,823
2020-2110,640 (91%)$11,4736,558 (63%)$7,086
2021-2210,644 (95%)$13,0636,557 (60%)$6,990
2022-2310,676 (94%)$12,4786,136 (54%)$8,049
Average11,073 (91.44%)$11,5547,456 (62.44%)$7,199
*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, 5,098 (52.22 % of students) received Pell (federal) grants and its average amount is $4,656. In addition, 5,515 students received State/local government grants/scholarships (40.89 % 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
2014-155,748 (55%)$4,1991,763 (20%)$9445,640 (39%)$3,4317,868 (65%)$6,949
2015-165,462 (51%)$4,2461,725 (20%)$1,1575,701 (39%)$3,4828,203 (65%)$7,293
2016-175,701 (53%)$4,4131,981 (22%)$1,2036,028 (43%)$3,5678,330 (65%)$8,277
2017-185,738 (54%)$4,5671,876 (20%)$1,0915,952 (39%)$3,3738,849 (64%)$8,263
2018-195,348 (53%)$4,6491,824 (20%)$1,1875,767 (43%)$3,4349,144 (69%)$8,651
2019-205,046 (53%)$4,7332,448 (35%)$1,0975,470 (41%)$3,3999,029 (68%)$8,467
2020-214,427 (53%)$4,8052,161 (37%)$1,2704,852 (38%)$3,6568,810 (69%)$8,559
2021-224,306 (49%)$4,9562,129 (35%)$1,4635,119 (44%)$3,7989,310 (79%)$9,394
2022-234,110 (49%)$5,3341,618 (22%)$1,2705,110 (42%)$4,0309,356 (76%)$8,760
Average5,098 (52.22%)$4,6561,947 (25.67%)$1,1875,515 (40.89%)$3,5748,767 (68.89%)$8,290

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, 7,456 (62.44 % of students) get any students loan help and its average loan amount is $7,456.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-158,452 (67%)$7,1018,374 (67%)$6,461701 (9%)$9,248
2015-167,974 (64%)$7,0897,879 (63%)$6,442804 (8%)$9,207
2016-178,169 (64%)$7,4758,063 (64%)$6,543958 (9%)$9,580
2017-188,448 (67%)$7,0338,327 (67%)$6,1811,186 (9%)$10,355
2018-197,501 (61%)$7,1477,373 (61%)$6,1201,134 (8%)$10,244
2019-207,309 (62%)$6,8237,199 (61%)$5,9201,161 (8%)$9,597
2020-216,558 (63%)$7,0866,396 (62%)$6,1421,080 (8%)$10,660
2021-226,557 (60%)$6,9906,437 (59%)$5,8881,121 (11%)$10,575
2022-236,136 (54%)$8,0495,993 (53%)$6,2911,308 (12%)$10,419
Average7,456 (62.44%)$7,1997,338 (61.89%)$6,2211,050 (9.11%)$9,987