Scholarships, Grants, and Loan Trends at F&M

9%

Received Percent Changed

$15,551

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,307, which is 58.89 % of all undergraduate students. 980 students which is 44.11% of undergraduate students received federal student loans and the average loan amount is $5,648.

For full-time, first-time beginning students (freshmen), 58.00% of students received grants or scholarships and 50% 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 Franklin and Marshall College since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,307, which is 58.89 % of all undergraduate students. 980 students which is 44.11% of undergraduate students received federal student loans and the average loan amount is $5,648.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,184 (54%)$35,494386 (17%)$4,485942 (43%)$5,741
2015-161,181 (53%)$41,005415 (18%)$4,511978 (43%)$5,809
2016-171,238 (55%)$41,404390 (17%)$4,622984 (44%)$5,502
2017-181,297 (57%)$44,955446 (20%)$4,741979 (43%)$5,474
2018-191,330 (58%)$45,464414 (18%)$4,9811,005 (44%)$5,427
2019-201,463 (63%)$43,423434 (19%)$4,9531,012 (44%)$5,393
2020-211,469 (65%)$45,138468 (21%)$5,0121,034 (46%)$5,454
2021-221,340 (62%)$50,919404 (19%)$5,0771,005 (46%)$5,776
2022-231,257 (63%)$51,045332 (17%)$5,318880 (44%)$6,260
Average1,307 (58.89%)$44,316410 (18.44%)$4,856980 (44.11%)$5,648
*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, 336 (58.00 % of students) received grants or scholarships and its average amount is $45,788. It can cover 64.68% of tuition & fees ($70,794).

In addition, 293 (50.44 % of students) students get helped from the students loans (average amount : $6,760).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15335 (57%)$40,089307 (52%)$5,567
2015-16303 (51%)$42,424284 (48%)$5,612
2016-17345 (54%)$43,377313 (49%)$6,447
2017-18376 (58%)$47,304315 (49%)$6,479
2018-19334 (55%)$45,933298 (49%)$6,589
2019-20339 (54%)$48,000298 (48%)$6,871
2020-21340 (62%)$50,026301 (55%)$6,992
2021-22323 (63%)$49,177275 (54%)$8,059
2022-23330 (68%)$45,764245 (50%)$8,225
Average336 (58.00%)$45,788293 (50.44%)$6,760
*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, 111 (18.78 % of students) received Pell (federal) grants and its average amount is $4,816.

In addition, 44 students received State/local government grants/scholarships (7.44 % 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
2014-15126 (21%)$4,483125 (21%)$55140 (7%)$3,129333 (56%)$38,051
2015-16113 (19%)$4,558111 (19%)$49441 (7%)$3,286302 (51%)$40,232
2016-17113 (18%)$4,732109 (17%)$53445 (7%)$3,707344 (54%)$41,295
2017-18135 (21%)$4,625125 (19%)$49257 (9%)$3,919374 (58%)$45,126
2018-19107 (18%)$4,861105 (17%)$47144 (7%)$3,745334 (55%)$43,734
2019-20131 (21%)$4,981126 (20%)$1,33449 (8%)$3,656337 (54%)$45,318
2020-21137 (25%)$4,985137 (25%)$67252 (9%)$3,739340 (62%)$47,175
2021-2282 (16%)$4,84082 (16%)$71535 (7%)$4,227322 (63%)$47,456
2022-2351 (10%)$5,27650 (10%)$85431 (6%)$3,842329 (68%)$44,593
Average111 (18.78%)$4,816108 (18.22%)$68044 (7.44%)$3,694335 (57.89%)$43,664
*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, 293 (50.44 % of students) get any students loan help and its average loan amount is $293.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15307 (52%)$5,567267 (45%)$4,37660 (10%)$9,011
2015-16284 (48%)$5,612256 (43%)$4,57351 (9%)$8,296
2016-17313 (49%)$6,447283 (44%)$4,169174 (27%)$4,817
2017-18315 (49%)$6,479278 (43%)$4,172184 (29%)$4,788
2018-19298 (49%)$6,589265 (43%)$3,980179 (29%)$5,078
2019-20298 (48%)$6,871268 (43%)$3,901187 (30%)$5,359
2020-21301 (55%)$6,992292 (53%)$4,94740 (7%)$16,505
2021-22275 (54%)$8,059249 (49%)$5,06061 (12%)$15,675
2022-23245 (50%)$8,225196 (40%)$5,13283 (17%)$12,161
Average293 (50.44%)$6,760262 (44.78%)$4,479113 (18.89%)$9,077

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