Scholarships, Grants, and Loan Trends at McPherson

1%

Received Percent Changed

$7,941

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 727, which is 96.78 % of all undergraduate students. 489 students which is 65.11% of undergraduate students received federal student loans and the average loan amount is $8,226.

For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 73% 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 McPherson College since 2014.

For that period, the average number of students who received grants aid/scholarships is 727, which is 96.78 % of all undergraduate students. 489 students which is 65.11% of undergraduate students received federal student loans and the average loan amount is $8,226.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15604 (98%)$14,661260 (42%)$4,164469 (76%)$9,970
2015-16631 (98%)$16,369258 (40%)$4,388474 (73%)$10,542
2016-17657 (93%)$23,541294 (42%)$4,082260 (37%)$9,759
2017-18675 (93%)$17,635283 (39%)$4,490485 (67%)$7,105
2018-19741 (96%)$18,104295 (38%)$4,502540 (70%)$6,787
2019-20817 (100%)$27,213298 (36%)$4,851559 (68%)$10,819
2020-21793 (95%)$19,834268 (32%)$4,342563 (67%)$6,372
2021-22819 (99%)$21,522277 (33%)$4,649533 (64%)$6,263
2022-23809 (99%)$22,602274 (34%)$4,944518 (64%)$6,413
Average727 (96.78%)$20,165279 (37.33%)$4,490489 (65.11%)$8,226
*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, 210 (100.00 % of students) received grants or scholarships and its average amount is $19,426. It can cover 52.30% of tuition & fees ($37,146).

In addition, 153 (73.33 % of students) students get helped from the students loans (average amount : $8,544).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15151 (100%)$16,666117 (77%)$9,070
2015-16194 (100%)$17,844146 (75%)$10,896
2016-17195 (100%)$17,692147 (75%)$11,855
2017-18202 (100%)$18,939152 (75%)$10,047
2018-19175 (100%)$18,373130 (74%)$7,771
2019-20225 (100%)$20,255157 (70%)$7,594
2020-21230 (100%)$20,222186 (81%)$6,476
2021-22271 (100%)$21,916187 (69%)$6,501
2022-23250 (100%)$22,929159 (64%)$6,690
Average210 (100.00%)$19,426153 (73.33%)$8,544
*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, 84 (40.22 % of students) received Pell (federal) grants and its average amount is $4,393.

In addition, 40 students received State/local government grants/scholarships (19.56 % 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
2014-1569 (46%)$4,01653 (35%)$57846 (30%)$2,730150 (99%)$13,888
2015-1672 (37%)$4,45654 (28%)$56445 (23%)$3,306194 (100%)$15,266
2016-1788 (45%)$4,05888 (45%)$31541 (21%)$2,890195 (100%)$15,111
2017-1878 (39%)$4,48178 (39%)$33332 (16%)$2,938202 (100%)$16,615
2018-1968 (39%)$4,11968 (39%)$30729 (17%)$2,826175 (100%)$16,185
2019-2088 (39%)$4,75088 (39%)$39035 (16%)$2,714225 (100%)$17,823
2020-2183 (36%)$4,13683 (36%)$33338 (17%)$2,988230 (100%)$18,116
2021-22110 (41%)$4,537111 (41%)$37548 (18%)$3,296271 (100%)$19,337
2022-2399 (40%)$4,98499 (40%)$33844 (18%)$5,286250 (100%)$19,891
Average84 (40.22%)$4,39380 (38.00%)$39340 (19.56%)$3,219210 (99.89%)$16,915
*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, 153 (73.33 % of students) get any students loan help and its average loan amount is $153.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15117 (77%)$9,070115 (76%)$8,7216 (4%)$9,701
2015-16146 (75%)$10,896146 (75%)$9,85112 (6%)$12,721
2016-17147 (75%)$11,855146 (75%)$10,68616 (8%)$11,405
2017-18152 (75%)$10,047151 (75%)$8,97715 (7%)$11,440
2018-19130 (74%)$7,771130 (74%)$5,65423 (13%)$11,967
2019-20157 (70%)$7,594157 (70%)$5,64922 (10%)$13,884
2020-21186 (81%)$6,476186 (81%)$5,32817 (7%)$12,570
2021-22187 (69%)$6,501186 (69%)$5,23318 (7%)$13,468
2022-23159 (64%)$6,690159 (64%)$5,27817 (7%)$13,208
Average153 (73.33%)$8,544153 (73.22%)$7,26416 (7.67%)$12,263

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