Scholarships, Grants, and Loan Trends at Henry Ford

-2%

Received Percent Changed

$1,726

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 6,426, which is 52.44 % of all undergraduate students. 3,133 students which is 25.00% of undergraduate students received federal student loans and the average loan amount is $5,606.

For full-time, first-time beginning students (freshmen), 76.56% of students received grants or scholarships and 28% 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 Henry Ford College since 2014.

For that period, the average number of students who received grants aid/scholarships is 6,426, which is 52.44 % of all undergraduate students. 3,133 students which is 25.00% of undergraduate students received federal student loans and the average loan amount is $5,606.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-157,706 (56%)$4,7167,392 (54%)$4,4925,222 (38%)$6,096
2015-166,546 (51%)$4,8946,220 (49%)$4,6214,131 (32%)$5,958
2016-176,367 (50%)$4,8835,970 (47%)$4,5893,720 (29%)$5,646
2017-186,427 (50%)$5,3926,053 (47%)$5,1053,375 (26%)$5,384
2018-195,717 (47%)$5,6565,306 (43%)$5,3432,668 (22%)$5,436
2019-206,362 (52%)$6,1295,810 (48%)$5,3492,718 (22%)$5,440
2020-215,906 (52%)$5,6005,167 (46%)$5,0032,171 (19%)$5,521
2021-226,793 (60%)$7,4905,414 (48%)$5,4682,146 (19%)$5,499
2022-236,013 (54%)$6,4425,096 (45%)$5,6082,042 (18%)$5,475
Average6,426 (52.44%)$5,6895,825 (47.44%)$5,0643,133 (25.00%)$5,606
*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, 1,033 (76.56 % of students) received grants or scholarships and its average amount is $6,724. It can cover 86.02% of tuition & fees ($7,816) based on out-of-state rate.

In addition, 390 (28.00 % of students) students get helped from the students loans (average amount : $4,615).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,251 (76%)$5,478721 (44%)$5,168
2015-161,035 (74%)$5,602487 (35%)$4,556
2016-171,056 (74%)$5,655472 (33%)$4,464
2017-181,068 (75%)$6,422418 (29%)$4,091
2018-19999 (76%)$6,979339 (26%)$4,401
2019-201,177 (81%)$7,652351 (24%)$4,468
2020-21913 (76%)$7,006256 (21%)$4,569
2021-22891 (79%)$7,311231 (20%)$5,077
2022-23909 (78%)$8,407234 (20%)$4,740
Average1,033 (76.56%)$6,724390 (28.00%)$4,615
*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, 970 (71.67 % of students) received Pell (federal) grants and its average amount is $5,877.

In addition, 368 students received State/local government grants/scholarships (27.89 % 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
2014-151,209 (74%)$5,02747 (3%)$782298 (18%)$2,37724 (1%)$1,293
2015-16994 (71%)$5,054111 (8%)$762265 (19%)$2,49926 (2%)$1,076
2016-17983 (68%)$5,10378 (5%)$730328 (23%)$2,60033 (2%)$1,370
2017-181,017 (72%)$5,94959 (4%)$868284 (20%)$2,44834 (2%)$1,823
2018-19935 (71%)$6,390148 (11%)$745300 (23%)$2,75139 (3%)$1,577
2019-201,099 (75%)$6,314470 (32%)$1,193539 (37%)$2,70130 (2%)$1,721
2020-21838 (70%)$5,964428 (36%)$1,128335 (28%)$2,64815 (1%)$1,914
2021-22820 (72%)$6,429317 (28%)$603387 (34%)$2,49442 (4%)$2,060
2022-23834 (72%)$6,665214 (18%)$769574 (49%)$3,25730 (3%)$1,643
Average970 (71.67%)$5,877208 (16.11%)$842368 (27.89%)$2,64230 (2.22%)$1,609
*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, 390 (28.00 % of students) get any students loan help and its average loan amount is $390.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15721 (44%)$5,168719 (44%)$5,1543 (0%)$6,821
2015-16487 (35%)$4,556487 (35%)$4,556--
2016-17472 (33%)$4,464472 (33%)$4,4591 (0%)$2,145
2017-18418 (29%)$4,091418 (29%)$4,0801 (0%)$4,455
2018-19339 (26%)$4,401339 (26%)$4,3781 (0%)$8,000
2019-20351 (24%)$4,468350 (24%)$4,4642 (0%)$2,942
2020-21256 (21%)$4,569256 (21%)$4,5511 (0%)$4,500
2021-22231 (20%)$5,077231 (20%)$5,077--
2022-23234 (20%)$4,740232 (20%)$4,6675 (0%)$5,308
Average390 (28.00%)$4,615389 (28.00%)$4,5982 (0.00%)$4,882

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