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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 356, which is 67.18 % of all undergraduate students. 338 students which is 63.55% of undergraduate students received federal student loans and the average loan amount is $6,791.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12424 (72%)$3,063400 (68%)$2,576432 (74%)$5,539
2012-13414 (73%)$3,281398 (70%)$2,727407 (71%)$5,686
2013-14416 (76%)$3,916355 (65%)$3,243412 (76%)$5,715
2014-15348 (67%)$4,536288 (56%)$4,142294 (57%)$6,857
2015-16372 (81%)$5,146340 (74%)$4,046347 (75%)$6,619
2016-17342 (69%)$4,491313 (63%)$3,343323 (65%)$7,704
2017-18347 (63%)$3,882329 (60%)$3,306375 (68%)$5,815
2018-19317 (58%)$4,110300 (55%)$3,650270 (50%)$7,387
2019-20317 (63%)$5,296271 (54%)$3,947233 (46%)$7,504
2020-21373 (64%)$6,145323 (55%)$4,756381 (65%)$8,120
2021-22244 (53%)$4,735230 (50%)$3,838242 (52%)$7,752
Average356 (67.18%)$4,418322 (60.91%)$3,598338 (63.55%)$6,791

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

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 201 (72.45 % of students) received grants or scholarships and its average amount is $4,427. It can cover 14.30% of tuition & fees ($30,956).
In addition, 221 (80.00 % of students) students get helped from the students loans (average amount : $7,238).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12191 (70%)$3,115200 (73%)$6,652
2012-13230 (78%)$3,293228 (77%)$6,577
2013-14221 (76%)$4,485227 (79%)$6,652
2014-15198 (73%)$4,359208 (76%)$7,081
2015-16173 (78%)$4,568162 (73%)$6,988
2016-17196 (70%)$4,196242 (87%)$8,292
2017-18200 (70%)$4,087247 (86%)$6,189
2018-19205 (70%)$4,113226 (77%)$7,292
2019-20191 (67%)$5,583211 (74%)$7,186
2020-21271 (87%)$6,121285 (91%)$8,400
2021-22130 (58%)$4,773195 (87%)$8,313
Average201 (72.45%)$4,427221 (80.00%)$7,238
*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, 189 (68.18 % of students) received Pell (federal) grants and its average amount is $3,780.
In addition, 13 students received State/local government grants/scholarships (4.50 % 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
2011-12189 (69%)$2,714--12 (4%)$6,833--
2012-13226 (76%)$3,026150 (51%)$11124 (8%)$2,3081 (0%)$1,329
2013-14207 (72%)$3,78795 (33%)$20324 (8%)$5,94840 (14%)$1,126
2014-15183 (67%)$4,13186 (32%)$21211 (4%)$3,00446 (17%)$1,214
2015-16163 (73%)$3,83967 (30%)$19020 (9%)$5,62529 (13%)$1,355
2016-17191 (68%)$3,620116 (42%)$21612 (4%)$8,831--
2017-18193 (67%)$3,648117 (41%)$19810 (3%)$8,9732 (1%)$186
2018-19201 (69%)$3,809134 (46%)$3008 (3%)$3,5972 (1%)$4,312
2019-20162 (57%)$4,363172 (60%)$1,7724 (1%)$12,9761 (0%)$2,835
2020-21234 (75%)$4,525251 (80%)$2,2072 (1%)$17,9822 (1%)$5,016
2021-22128 (57%)$4,12397 (43%)$956----
Average189 (68.18%)$3,780129 (45.80%)$63713 (4.50%)$7,60815 (7.83%)$2,172
*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, 221 (80.00 % of students) get any students loan help and its average loan amount is $221.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12200 (73%)$6,652199 (73%)$6,54279 (29%)$362
2012-13228 (77%)$6,577226 (76%)$6,482143 (48%)$242
2013-14227 (79%)$6,652223 (77%)$6,66095 (33%)$260
2014-15208 (76%)$7,081192 (70%)$7,535106 (39%)$245
2015-16162 (73%)$6,988160 (72%)$6,90276 (34%)$364
2016-17242 (87%)$8,292232 (83%)$8,439143 (51%)$342
2017-18247 (86%)$6,189217 (76%)$6,747151 (53%)$428
2018-19226 (77%)$7,292204 (70%)$7,821131 (45%)$401
2019-20211 (74%)$7,186176 (62%)$8,162131 (46%)$608
2020-21285 (91%)$8,400280 (89%)$8,046181 (58%)$778
2021-22195 (87%)$8,313167 (75%)$8,711126 (56%)$1,320
Average221 (80.00%)$7,238207 (74.82%)$7,459124 (44.73%)$486

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