Scholarships, Grants, and Loan Trends at Gannon

-2%

Received Percent Changed

$6,967

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 2,570, which is 80.78 % of all undergraduate students. 1,840 students which is 57.67% of undergraduate students received federal student loans and the average loan amount is $6,798.

For full-time, first-time beginning students (freshmen), 94.89% of students received grants or scholarships and 79% 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 Gannon University since 2014.

For that period, the average number of students who received grants aid/scholarships is 2,570, which is 80.78 % of all undergraduate students. 1,840 students which is 57.67% of undergraduate students received federal student loans and the average loan amount is $6,798.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-152,528 (79%)$19,414848 (26%)$4,0301,941 (61%)$7,505
2015-162,682 (86%)$24,369806 (26%)$4,0681,884 (60%)$6,748
2016-172,505 (81%)$20,711727 (23%)$4,2111,754 (57%)$6,691
2017-182,521 (82%)$21,058814 (26%)$4,3531,777 (58%)$6,671
2018-192,592 (79%)$21,425889 (27%)$4,5001,818 (55%)$6,557
2019-202,540 (74%)$23,524889 (26%)$4,6471,924 (56%)$6,741
2020-212,699 (84%)$25,113851 (27%)$4,6561,968 (61%)$6,847
2021-222,701 (85%)$25,212808 (26%)$5,2031,850 (58%)$6,748
2022-232,365 (77%)$26,381680 (22%)$5,5481,648 (53%)$6,677
Average2,570 (80.78%)$23,023812 (25.44%)$4,5801,840 (57.67%)$6,798
*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, 617 (94.89 % of students) received grants or scholarships and its average amount is $23,188. It can cover 57.04% of tuition & fees ($40,656).

In addition, 513 (79.11 % of students) students get helped from the students loans (average amount : $8,832).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15564 (95%)$19,049516 (87%)$8,272
2015-16579 (94%)$19,727528 (86%)$8,069
2016-17603 (96%)$21,091530 (85%)$8,025
2017-18623 (98%)$21,209465 (73%)$9,723
2018-19728 (96%)$23,345550 (72%)$9,541
2019-20680 (95%)$24,475542 (75%)$8,878
2020-21615 (98%)$26,143538 (86%)$9,102
2021-22637 (100%)$26,172511 (80%)$8,553
2022-23527 (82%)$27,483433 (68%)$9,328
Average617 (94.89%)$23,188513 (79.11%)$8,832
*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, 203 (31.33 % of students) received Pell (federal) grants and its average amount is $4,789.

In addition, 242 students received State/local government grants/scholarships (37.33 % 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
2014-15177 (30%)$4,4949 (2%)$3,974231 (39%)$3,150553 (93%)$16,609
2015-16190 (31%)$4,3937 (1%)$4,626202 (33%)$3,568562 (92%)$17,499
2016-17191 (31%)$4,5657 (1%)$4,555221 (35%)$3,492591 (94%)$18,684
2017-18239 (38%)$4,4808 (1%)$6,318258 (41%)$3,436603 (95%)$18,583
2018-19248 (33%)$4,7758 (1%)$6,525272 (36%)$3,446712 (93%)$20,816
2019-20238 (33%)$5,025602 (84%)$565240 (33%)$3,305655 (91%)$21,852
2020-21188 (30%)$4,946525 (83%)$795365 (58%)$2,079615 (98%)$22,719
2021-22205 (32%)$5,267629 (99%)$1,391203 (32%)$4,257587 (92%)$23,599
2022-23154 (24%)$5,15810 (2%)$3,600183 (29%)$4,174527 (82%)$24,458
Average203 (31.33%)$4,789201 (30.44%)$3,594242 (37.33%)$3,434601 (92.22%)$20,535
*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, 513 (79.11 % of students) get any students loan help and its average loan amount is $513.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15516 (87%)$8,272515 (87%)$5,88591 (15%)$13,601
2015-16528 (86%)$8,069525 (86%)$5,74382 (13%)$15,184
2016-17530 (85%)$8,025529 (85%)$5,68284 (13%)$14,850
2017-18465 (73%)$9,723457 (72%)$5,629152 (24%)$12,822
2018-19550 (72%)$9,541541 (71%)$5,453159 (21%)$14,448
2019-20542 (75%)$8,878541 (75%)$5,505119 (17%)$15,409
2020-21538 (86%)$9,102538 (86%)$5,606108 (17%)$17,413
2021-22511 (80%)$8,553509 (80%)$5,53193 (15%)$16,725
2022-23433 (68%)$9,328422 (66%)$5,508103 (16%)$16,644
Average513 (79.11%)$8,832509 (78.67%)$5,616110 (16.78%)$15,233

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