Scholarships, Grants, and Loan Trends at Montclair State

10%

Received Percent Changed

$5,098

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 8,957, which is 54.00 % of all undergraduate students. 8,692 students which is 52.44% of undergraduate students received federal student loans and the average loan amount is $7,004.

For full-time, first-time beginning students (freshmen), 61.56% of students received grants or scholarships and 56% 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 Montclair State University since 2014.

For that period, the average number of students who received grants aid/scholarships is 8,957, which is 54.00 % of all undergraduate students. 8,692 students which is 52.44% of undergraduate students received federal student loans and the average loan amount is $7,004.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-158,163 (51%)$6,9346,265 (39%)$4,3739,698 (61%)$8,584
2015-168,692 (53%)$6,9656,643 (41%)$4,4319,808 (60%)$8,967
2016-178,097 (48%)$8,4387,017 (42%)$4,4289,885 (59%)$6,657
2017-188,784 (53%)$8,8527,443 (45%)$4,6539,436 (57%)$6,742
2018-199,089 (54%)$9,2977,527 (44%)$4,8519,230 (54%)$6,527
2019-208,962 (54%)$9,3327,311 (44%)$4,9518,593 (51%)$6,572
2020-219,045 (55%)$9,6207,190 (44%)$5,0757,516 (46%)$6,472
2021-229,195 (57%)$10,9457,201 (45%)$5,1397,096 (44%)$6,293
2022-2310,582 (61%)$12,0327,675 (44%)$5,5196,968 (40%)$6,223
Average8,957 (54.00%)$9,1577,141 (43.11%)$4,8248,692 (52.44%)$7,004
*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, 1,985 (61.56 % of students) received grants or scholarships and its average amount is $10,381. It can cover 39.89% of tuition & fees ($26,022) based on out-of-state rate.

In addition, 1,785 (56.44 % of students) students get helped from the students loans (average amount : $7,791).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,470 (51%)$8,7501,839 (64%)$8,275
2015-161,672 (54%)$9,0351,967 (63%)$7,903
2016-171,628 (55%)$9,9831,891 (64%)$7,688
2017-181,749 (58%)$10,1911,833 (61%)$7,564
2018-192,057 (65%)$10,5441,906 (60%)$7,696
2019-201,915 (62%)$10,5701,706 (55%)$7,848
2020-212,021 (65%)$10,8461,499 (48%)$7,383
2021-222,274 (66%)$11,7711,728 (50%)$7,904
2022-233,077 (78%)$11,7431,700 (43%)$7,858
Average1,985 (61.56%)$10,3811,785 (56.44%)$7,791
*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, 1,524 (47.44 % of students) received Pell (federal) grants and its average amount is $5,080.

In addition, 1,347 students received State/local government grants/scholarships (42.00 % 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
2014-151,213 (42%)$4,660407 (14%)$7941,044 (36%)$5,592219 (8%)$4,792
2015-161,432 (46%)$4,726590 (19%)$7521,156 (37%)$5,740270 (9%)$4,664
2016-171,394 (47%)$4,734522 (18%)$7341,137 (38%)$5,860813 (27%)$3,207
2017-181,414 (47%)$4,915626 (21%)$7471,299 (43%)$5,598914 (30%)$3,430
2018-191,577 (50%)$5,004691 (22%)$7161,492 (47%)$5,8741,199 (38%)$3,786
2019-201,443 (47%)$5,176728 (24%)$4841,380 (45%)$5,9581,120 (36%)$3,749
2020-211,495 (48%)$5,345745 (24%)$5251,366 (44%)$6,0121,134 (36%)$4,696
2021-221,679 (48%)$5,334880 (25%)$5561,370 (40%)$8,0471,320 (38%)$4,771
2022-232,066 (52%)$5,8231,110 (28%)$4601,881 (48%)$8,5932,012 (51%)$3,692
Average1,524 (47.44%)$5,080700 (21.67%)$6411,347 (42.00%)$6,3641,000 (30.33%)$4,087
*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, 1,785 (56.44 % of students) get any students loan help and its average loan amount is $1,785.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-151,839 (64%)$8,2751,796 (62%)$5,664367 (13%)$13,747
2015-161,967 (63%)$7,9031,902 (61%)$5,522345 (11%)$14,616
2016-171,891 (64%)$7,6881,845 (62%)$5,452313 (11%)$14,311
2017-181,833 (61%)$7,5641,773 (59%)$5,445288 (10%)$14,620
2018-191,906 (60%)$7,6961,841 (58%)$5,355309 (10%)$15,570
2019-201,706 (55%)$7,8481,609 (52%)$5,330318 (10%)$15,137
2020-211,499 (48%)$7,3831,417 (45%)$5,261249 (8%)$14,505
2021-221,728 (50%)$7,9041,635 (47%)$5,119303 (9%)$17,456
2022-231,700 (43%)$7,8581,625 (41%)$5,205288 (7%)$17,018
Average1,785 (56.44%)$7,7911,716 (54.11%)$5,373309 (9.89%)$15,220

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