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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Institute of Technology since 2011.
For that period, the average number of students who received grants aid/scholarships is 1,990, which is 69.82 % of all undergraduate students. 1,638 students which is 57.45% of undergraduate students received federal student loans and the average loan amount is $7,063.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-125,038 (85%)$3,9144,219 (71%)$3,3174,019 (68%)$5,554
2012-133,248 (78%)$4,1212,996 (72%)$3,4032,870 (69%)$5,885
2013-142,568 (82%)$4,3952,181 (70%)$3,6332,168 (69%)$5,910
2014-151,442 (57%)$5,7811,038 (41%)$5,388996 (39%)$8,774
2015-161,763 (80%)$5,4131,620 (73%)$4,5321,563 (71%)$6,155
2016-171,314 (69%)$5,0931,174 (61%)$4,042997 (52%)$7,937
2017-181,181 (64%)$5,1731,078 (59%)$4,1231,194 (65%)$6,311
2018-191,209 (61%)$5,2731,108 (56%)$4,056933 (47%)$7,091
2019-201,369 (64%)$5,8671,166 (55%)$4,059945 (44%)$8,013
2020-211,430 (68%)$7,1961,134 (54%)$5,4571,173 (56%)$8,400
2021-221,324 (60%)$5,5251,214 (55%)$4,5301,160 (52%)$7,660
Average1,990 (69.82%)$5,2501,721 (60.64%)$4,2311,638 (57.45%)$7,063

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 1,004 (78.09 % of students) received grants or scholarships and its average amount is $5,073. It can cover 15.15% of tuition & fees ($33,474).
In addition, 942 (75.36 % of students) students get helped from the students loans (average amount : $7,076).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-122,666 (89%)$3,9172,283 (76%)$5,996
2012-131,552 (86%)$4,0001,349 (75%)$6,495
2013-141,198 (84%)$4,3771,076 (75%)$6,444
2014-15774 (62%)$5,425812 (65%)$7,783
2015-16833 (79%)$4,595752 (71%)$5,318
2016-17714 (76%)$4,589743 (79%)$8,127
2017-18596 (73%)$4,673690 (84%)$6,578
2018-19630 (71%)$4,820624 (70%)$6,845
2019-20670 (77%)$6,083595 (68%)$7,749
2020-21764 (89%)$7,476721 (84%)$8,567
2021-22645 (73%)$5,846722 (82%)$7,931
Average1,004 (78.09%)$5,073942 (75.36%)$7,076
*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 12 years, on average, 949 (73.45 % of students) received Pell (federal) grants and its average amount is $4,359.
In addition, 77 students received State/local government grants/scholarships (6.27 % 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
2011-122,542 (85%)$3,4771,787 (60%)$141196 (7%)$4,407220 (7%)$2,222
2012-131,504 (84%)$3,6511,074 (60%)$76127 (7%)$4,13222 (1%)$4,972
2013-141,141 (80%)$3,821489 (34%)$15973 (5%)$5,093233 (16%)$1,864
2014-15690 (55%)$5,358474 (38%)$31338 (3%)$3,578148 (12%)$1,472
2015-16798 (75%)$4,131407 (38%)$12957 (5%)$6,12195 (9%)$1,363
2016-17697 (74%)$4,211410 (43%)$19537 (4%)$6,15219 (2%)$1,805
2017-18582 (71%)$4,333329 (40%)$17940 (5%)$4,7887 (1%)$1,855
2018-19611 (69%)$4,208440 (49%)$27661 (7%)$4,89817 (2%)$2,663
2019-20587 (67%)$4,309556 (64%)$1,580112 (13%)$5,72810 (1%)$2,650
2020-21676 (78%)$5,462721 (84%)$2,25362 (7%)$5,9647 (1%)$3,564
2021-22614 (70%)$4,988498 (56%)$58549 (6%)$7,9298 (1%)$3,601
Average949 (73.45%)$4,359653 (51.45%)$53577 (6.27%)$5,34571 (4.82%)$2,548
*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 12 years, on average, 942 (75.36 % of students) get any students loan help and its average loan amount is $942.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-122,283 (76%)$5,9962,280 (76%)$5,862346 (12%)$934
2012-131,349 (75%)$6,4951,341 (75%)$6,387638 (36%)$308
2013-141,076 (75%)$6,4441,067 (75%)$6,358416 (29%)$358
2014-15812 (65%)$7,783706 (57%)$8,803360 (29%)$293
2015-16752 (71%)$5,318739 (70%)$5,249326 (31%)$369
2016-17743 (79%)$8,127693 (73%)$8,512378 (40%)$370
2017-18690 (84%)$6,578648 (79%)$6,823255 (31%)$460
2018-19624 (70%)$6,845558 (63%)$7,448294 (33%)$392
2019-20595 (68%)$7,749501 (57%)$8,615375 (43%)$784
2020-21721 (84%)$8,567692 (80%)$8,382451 (52%)$835
2021-22722 (82%)$7,931643 (73%)$8,174415 (47%)$1,132
Average942 (75.36%)$7,076897 (70.73%)$7,328387 (34.82%)$567

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