Scholarships, Grants, and Loan Trends at Universal Technical Institute-Canton

-37%

Received Percent Changed

$2,737

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 461, which is 50.22 % of all undergraduate students. 480 students which is 51.67% of undergraduate students received federal student loans and the average loan amount is $10,739.

For full-time, first-time beginning students (freshmen), 70.78% of students received grants or scholarships and 78% 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 Universal Technical Institute-Canton since 2014.

For that period, the average number of students who received grants aid/scholarships is 461, which is 50.22 % of all undergraduate students. 480 students which is 51.67% of undergraduate students received federal student loans and the average loan amount is $10,739.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15589 (69%)$4,395551 (65%)$4,561593 (70%)$8,961
2015-16365 (67%)$4,660340 (63%)$4,674370 (68%)$8,440
2016-17455 (68%)$4,443419 (62%)$4,470426 (63%)$8,987
2017-18507 (72%)$8,006466 (67%)$8,136535 (76%)$14,429
2018-19230 (27%)$7,207203 (24%)$7,472234 (28%)$12,562
2019-20353 (33%)$8,292318 (29%)$8,480368 (34%)$13,039
2020-21410 (27%)$6,896377 (25%)$7,155450 (29%)$10,252
2021-22823 (57%)$5,910801 (56%)$5,979848 (59%)$9,387
2022-23421 (32%)$7,132385 (30%)$7,281495 (38%)$10,594
Average461 (50.22%)$6,327429 (46.78%)$6,468480 (51.67%)$10,739
*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, 195 (70.78 % of students) received grants or scholarships and its average amount is $6,062. It can cover 33.37% of tuition & fees ($18,165).

In addition, 220 (78.44 % of students) students get helped from the students loans (average amount : $10,773).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15201 (73%)$4,555234 (85%)$10,895
2015-1646 (71%)$4,52949 (75%)$10,230
2016-17165 (77%)$4,666173 (81%)$11,430
2017-18139 (71%)$5,387151 (77%)$10,892
2018-19170 (72%)$6,641184 (78%)$12,217
2019-20182 (75%)$7,683199 (82%)$10,782
2020-21267 (71%)$7,014290 (77%)$9,997
2021-22240 (63%)$6,799284 (74%)$9,781
2022-23345 (64%)$7,286420 (77%)$10,736
Average195 (70.78%)$6,062220 (78.44%)$10,773
*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, 179 (64.89 % of students) received Pell (federal) grants and its average amount is $6,277.

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
2014-15180 (65%)$4,928----23 (8%)$1,245
2015-1645 (69%)$4,549----2 (3%)$1,832
2016-17146 (69%)$4,753----50 (23%)$1,520
2017-18121 (62%)$5,737----27 (14%)$2,027
2018-19150 (64%)$6,988----35 (15%)$2,307
2019-20165 (68%)$7,707----37 (15%)$3,422
2020-21246 (66%)$7,374----29 (8%)$2,033
2021-22229 (60%)$6,963----17 (4%)$2,184
2022-23329 (61%)$7,496----24 (4%)$1,969
Average179 (64.89%)$6,277----27 (10.44%)$2,060
*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, 220 (78.44 % of students) get any students loan help and its average loan amount is $220.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15234 (85%)$10,895234 (85%)$10,895--
2015-1649 (75%)$10,23049 (75%)$10,230--
2016-17173 (81%)$11,430173 (81%)$11,430--
2017-18151 (77%)$10,892151 (77%)$10,892--
2018-19184 (78%)$12,217184 (78%)$12,217--
2019-20199 (82%)$10,782199 (82%)$10,782--
2020-21290 (77%)$9,997290 (77%)$9,997--
2021-22284 (74%)$9,781284 (74%)$9,781--
2022-23420 (77%)$10,736420 (77%)$10,736--
Average220 (78.44%)$10,773220 (78.44%)$10,773--

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