Scholarships, Grants, and Loan Trends at Monroe

-5%

Received Percent Changed

-$106

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 5,070, which is 85.00 % of all undergraduate students. 3,314 students which is 55.44% of undergraduate students received federal student loans and the average loan amount is $6,314.

For full-time, first-time beginning students (freshmen), 95.44% of students received grants or scholarships and 47% 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 Monroe University since 2014.

For that period, the average number of students who received grants aid/scholarships is 5,070, which is 85.00 % of all undergraduate students. 3,314 students which is 55.44% of undergraduate students received federal student loans and the average loan amount is $6,314.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-155,996 (92%)$10,7594,530 (70%)$3,6764,737 (73%)$6,120
2015-165,860 (94%)$7,0124,562 (73%)$3,6714,779 (77%)$6,011
2016-175,187 (88%)$7,5304,110 (70%)$3,6824,001 (68%)$5,833
2017-185,009 (91%)$14,2173,961 (72%)$5,3343,204 (58%)$6,633
2018-194,978 (89%)$9,4713,816 (69%)$4,4852,934 (53%)$5,732
2019-205,425 (94%)$12,4534,044 (70%)$5,5542,939 (51%)$6,419
2020-212,944 (51%)$10,6282,026 (35%)$4,9531,487 (26%)$6,838
2021-225,101 (79%)$10,2783,556 (55%)$4,3902,875 (45%)$6,460
2022-235,130 (87%)$10,6533,411 (58%)$4,6542,867 (48%)$6,780
Average5,070 (85.00%)$10,3333,780 (63.56%)$4,4893,314 (55.44%)$6,314
*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, 988 (95.44 % of students) received grants or scholarships and its average amount is $12,491. It can cover 67.65% of tuition & fees ($18,464).

In addition, 485 (47.00 % of students) students get helped from the students loans (average amount : $5,239).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15876 (97%)$9,431639 (71%)$5,126
2015-161,014 (94%)$10,857660 (61%)$5,141
2016-171,013 (96%)$10,773611 (58%)$4,775
2017-18933 (94%)$12,462392 (39%)$5,308
2018-19986 (96%)$12,396377 (37%)$5,414
2019-201,238 (99%)$12,251505 (40%)$4,972
2020-21988 (93%)$12,721434 (41%)$5,812
2021-22752 (92%)$15,792305 (37%)$5,579
2022-231,095 (98%)$15,735439 (39%)$5,027
Average988 (95.44%)$12,491485 (47.00%)$5,239
*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, 802 (77.56 % of students) received Pell (federal) grants and its average amount is $5,073.

In addition, 739 students received State/local government grants/scholarships (71.22 % 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
2014-15759 (84%)$4,772120 (13%)$754607 (67%)$3,817693 (77%)$3,221
2015-16819 (76%)$5,197257 (24%)$763714 (66%)$4,020907 (84%)$4,065
2016-17802 (76%)$4,920268 (25%)$748704 (67%)$3,714958 (91%)$4,335
2017-18771 (78%)$4,661354 (36%)$773620 (62%)$4,029889 (89%)$5,919
2018-19803 (78%)$4,923412 (40%)$732757 (74%)$3,905898 (87%)$5,581
2019-201,043 (84%)$4,991506 (41%)$7221,009 (81%)$4,1191,117 (89%)$4,870
2020-21849 (80%)$5,130628 (59%)$713887 (83%)$4,265834 (78%)$4,775
2021-22590 (72%)$5,621417 (51%)$1,193618 (75%)$5,020662 (81%)$7,491
2022-23782 (70%)$5,439529 (47%)$1,353734 (66%)$4,610951 (85%)$9,333
Average802 (77.56%)$5,073388 (37.33%)$861739 (71.22%)$4,167879 (84.56%)$5,510
*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, 485 (47.00 % of students) get any students loan help and its average loan amount is $485.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15639 (71%)$5,126639 (71%)$5,126--
2015-16660 (61%)$5,141660 (61%)$5,141--
2016-17611 (58%)$4,775611 (58%)$4,775--
2017-18392 (39%)$5,308392 (39%)$5,308--
2018-19377 (37%)$5,414377 (37%)$5,414--
2019-20505 (40%)$4,972505 (40%)$4,972--
2020-21434 (41%)$5,812434 (41%)$5,812--
2021-22305 (37%)$5,579305 (37%)$5,5561 (0%)$7,000
2022-23439 (39%)$5,027438 (39%)$4,9942 (0%)$9,635
Average485 (47.00%)$5,239485 (47.00%)$5,2332 (0.00%)$8,318

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