Scholarships, Grants, and Loan Trends at Framingham State

1%

Received Percent Changed

$4,448

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 2,174, which is 56.56 % of all undergraduate students. 2,371 students which is 61.11% of undergraduate students received federal student loans and the average loan amount is $7,019.

For full-time, first-time beginning students (freshmen), 74.22% of students received grants or scholarships and 74% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Framingham State University since 2014.

For that period, the average number of students who received grants aid/scholarships is 2,174, which is 56.56 % of all undergraduate students. 2,371 students which is 61.11% of undergraduate students received federal student loans and the average loan amount is $7,019.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-152,454 (57%)$4,7801,378 (32%)$3,9732,819 (65%)$7,421
2015-162,213 (49%)$4,9201,358 (30%)$4,1692,858 (64%)$7,616
2016-172,324 (54%)$5,2711,358 (31%)$4,0942,651 (61%)$7,520
2017-182,377 (58%)$5,7421,460 (35%)$4,3812,585 (63%)$8,020
2018-192,212 (56%)$6,3881,444 (37%)$4,4982,437 (62%)$6,534
2019-202,311 (60%)$6,5861,421 (37%)$4,5852,378 (62%)$6,594
2020-212,055 (58%)$6,8701,244 (35%)$4,6892,128 (60%)$6,981
2021-221,896 (59%)$8,3131,147 (36%)$4,7531,858 (58%)$6,241
2022-231,720 (58%)$9,2281,024 (34%)$4,9561,626 (55%)$6,248
Average2,174 (56.56%)$6,4551,315 (34.11%)$4,4552,371 (61.11%)$7,019
*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

For the last 10 years, on average, 521 (74.22 % of students) received grants or scholarships and its average amount is $6,754. It can cover 37.52% of tuition & fees ($18,000) based on out-of-state rate.

In addition, 524 (74.00 % of students) students get helped from the students loans (average amount : $7,101).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15676 (84%)$4,169615 (76%)$7,955
2015-16555 (66%)$6,090656 (78%)$6,670
2016-17517 (70%)$5,851547 (74%)$7,217
2017-18522 (69%)$7,020561 (74%)$7,469
2018-19449 (59%)$7,408500 (66%)$7,323
2019-20664 (86%)$6,237601 (78%)$7,183
2020-21467 (77%)$6,756489 (81%)$6,879
2021-22447 (77%)$8,069413 (71%)$6,479
2022-23388 (80%)$9,184334 (68%)$6,731
Average521 (74.22%)$6,754524 (74.00%)$7,101
*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. For the last 10 years, on average, 293 (42.11 % of students) received Pell (federal) grants and its average amount is $4,672.

In addition, 390 students received State/local government grants/scholarships (55.56 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15267 (33%)$4,46874 (9%)$621402 (50%)$2,058413 (51%)$1,821
2015-16318 (38%)$4,447218 (26%)$254468 (55%)$2,222465 (55%)$1,872
2016-17292 (40%)$4,275215 (29%)$205405 (55%)$2,272413 (56%)$1,967
2017-18353 (47%)$4,541250 (33%)$181447 (59%)$2,447445 (59%)$2,072
2018-19299 (39%)$4,670218 (29%)$192379 (50%)$2,856388 (51%)$2,075
2019-20360 (47%)$4,653250 (32%)$394452 (59%)$2,722625 (81%)$1,820
2020-21264 (44%)$4,889194 (32%)$287315 (52%)$3,010395 (65%)$2,179
2021-22266 (46%)$4,893185 (32%)$256355 (61%)$3,690352 (61%)$2,692
2022-23219 (45%)$5,215150 (31%)$236286 (59%)$4,709343 (70%)$3,030
Average293 (42.11%)$4,672195 (28.11%)$292390 (55.56%)$2,887427 (61.00%)$2,170
*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 describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 524 (74.00 % of students) get any students loan help and its average loan amount is $524.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15615 (76%)$7,955608 (76%)$6,707130 (16%)$6,261
2015-16656 (78%)$6,670640 (76%)$5,346260 (31%)$3,668
2016-17547 (74%)$7,217535 (72%)$5,397241 (33%)$4,400
2017-18561 (74%)$7,469558 (74%)$5,513245 (32%)$4,546
2018-19500 (66%)$7,323495 (65%)$5,933195 (26%)$3,717
2019-20601 (78%)$7,183585 (76%)$5,443267 (35%)$4,243
2020-21489 (81%)$6,879474 (78%)$5,355181 (30%)$4,561
2021-22413 (71%)$6,479405 (70%)$5,705138 (24%)$2,646
2022-23334 (68%)$6,731322 (66%)$5,173142 (29%)$4,102
Average524 (74.00%)$7,101514 (72.56%)$5,619200 (28.44%)$4,238

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