Scholarships, Grants, and Loan Trends at Gustavus Adolphus

-3%

Received Percent Changed

$10,018

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 2,171, which is 96.00 % of all undergraduate students. 1,410 students which is 62.33% of undergraduate students received federal student loans and the average loan amount is $6,556.

For full-time, first-time beginning students (freshmen), 96.89% of students received grants or scholarships and 61% 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 Gustavus Adolphus College since 2014.

For that period, the average number of students who received grants aid/scholarships is 2,171, which is 96.00 % of all undergraduate students. 1,410 students which is 62.33% of undergraduate students received federal student loans and the average loan amount is $6,556.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-152,368 (96%)$25,396617 (25%)$3,9661,586 (65%)$6,737
2015-162,288 (96%)$27,263578 (24%)$4,0431,544 (65%)$6,572
2016-172,192 (97%)$29,426548 (24%)$4,1721,421 (63%)$6,491
2017-182,113 (97%)$27,938577 (26%)$4,3261,429 (66%)$6,745
2018-192,050 (91%)$28,012554 (25%)$4,3501,353 (60%)$6,745
2019-202,162 (97%)$30,529632 (28%)$4,5591,397 (62%)$6,430
2020-212,206 (99%)$38,164551 (25%)$4,7401,533 (69%)$6,451
2021-222,204 (98%)$34,025545 (24%)$4,5971,269 (56%)$6,461
2022-231,954 (93%)$35,414447 (21%)$4,6611,160 (55%)$6,368
Average2,171 (96.00%)$30,685561 (24.67%)$4,3791,410 (62.33%)$6,556
*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, 566 (96.89 % of students) received grants or scholarships and its average amount is $31,550. It can cover 56.26% of tuition & fees ($56,076).

In addition, 358 (61.22 % of students) students get helped from the students loans (average amount : $9,352).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15602 (98%)$27,958416 (68%)$9,166
2015-16596 (97%)$28,491410 (67%)$9,713
2016-17529 (98%)$24,333374 (69%)$8,055
2017-18543 (92%)$31,858380 (65%)$9,541
2018-19643 (99%)$35,617411 (63%)$8,653
2019-20632 (98%)$32,521397 (62%)$9,133
2020-21584 (99%)$33,174289 (49%)$11,173
2021-22518 (94%)$32,808286 (52%)$9,438
2022-23451 (97%)$37,193259 (56%)$9,297
Average566 (96.89%)$31,550358 (61.22%)$9,352
*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, 153 (26.00 % of students) received Pell (federal) grants and its average amount is $4,473.

In addition, 240 students received State/local government grants/scholarships (40.44 % 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
2014-15158 (26%)$3,829140 (23%)$488372 (61%)$3,861602 (98%)$24,454
2015-16168 (27%)$4,154160 (26%)$495209 (34%)$5,015596 (97%)$25,428
2016-17147 (27%)$4,114138 (26%)$489179 (33%)$5,118529 (98%)$21,330
2017-18159 (27%)$4,665153 (26%)$476234 (40%)$5,082543 (92%)$28,168
2018-19215 (33%)$4,460202 (31%)$495417 (64%)$5,389643 (99%)$30,475
2019-20171 (27%)$4,576155 (24%)$500261 (41%)$5,694632 (98%)$28,809
2020-21149 (25%)$5,312128 (22%)$1,891247 (42%)$5,880577 (98%)$29,269
2021-22119 (22%)$4,593104 (19%)$630104 (19%)$5,740518 (94%)$30,474
2022-2395 (20%)$4,55187 (19%)$697141 (30%)$5,974447 (96%)$34,539
Average153 (26.00%)$4,473141 (24.00%)$685240 (40.44%)$5,306565 (96.67%)$28,105
*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, 358 (61.22 % of students) get any students loan help and its average loan amount is $358.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15416 (68%)$9,166406 (66%)$6,180107 (17%)$12,189
2015-16410 (67%)$9,713398 (65%)$6,180117 (19%)$13,014
2016-17374 (69%)$8,055355 (66%)$5,62485 (16%)$11,954
2017-18380 (65%)$9,541360 (61%)$5,953110 (19%)$13,478
2018-19411 (63%)$8,653411 (63%)$5,211104 (16%)$13,605
2019-20397 (62%)$9,133397 (62%)$5,231103 (16%)$15,041
2020-21289 (49%)$11,173289 (49%)$6,197102 (17%)$14,100
2021-22286 (52%)$9,438286 (52%)$5,20481 (15%)$14,951
2022-23259 (56%)$9,297249 (54%)$5,14171 (15%)$15,883
Average358 (61.22%)$9,352350 (59.78%)$5,65898 (16.67%)$13,802

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