Scholarships, Grants, and Loan Trends at Newman

-5%

Received Percent Changed

$8,027

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 943, which is 38.44 % of all undergraduate students. 559 students which is 22.67% of undergraduate students received federal student loans and the average loan amount is $7,334.

For full-time, first-time beginning students (freshmen), 98.33% of students received grants or scholarships and 48% 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 Newman University since 2014.

For that period, the average number of students who received grants aid/scholarships is 943, which is 38.44 % of all undergraduate students. 559 students which is 22.67% of undergraduate students received federal student loans and the average loan amount is $7,334.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,071 (39%)$15,548440 (16%)$3,937667 (24%)$7,509
2015-161,028 (37%)$16,359431 (16%)$3,957638 (23%)$7,431
2016-17998 (39%)$17,239381 (15%)$4,067595 (23%)$7,360
2017-181,006 (36%)$19,138403 (14%)$4,532598 (21%)$7,475
2018-19977 (35%)$19,852396 (14%)$4,496602 (22%)$7,283
2019-20883 (33%)$21,105375 (14%)$4,428546 (20%)$7,084
2020-21888 (56%)$22,598340 (22%)$4,541520 (33%)$7,102
2021-22799 (37%)$22,686290 (13%)$4,823429 (20%)$7,494
2022-23836 (34%)$23,575303 (12%)$5,153440 (18%)$7,271
Average943 (38.44%)$19,789373 (15.11%)$4,437559 (22.67%)$7,334
*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, 170 (98.33 % of students) received grants or scholarships and its average amount is $22,774. It can cover 64.15% of tuition & fees ($35,500).

In addition, 83 (47.67 % of students) students get helped from the students loans (average amount : $5,244).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15172 (99%)$18,66981 (47%)$6,194
2015-16162 (100%)$19,80480 (49%)$5,854
2016-17180 (100%)$20,90689 (49%)$5,491
2017-18211 (100%)$23,239107 (50%)$5,296
2018-19173 (96%)$22,64295 (53%)$5,421
2019-20176 (97%)$23,57798 (54%)$5,619
2020-21141 (97%)$25,21564 (44%)$1,082
2021-22142 (99%)$25,82351 (36%)$6,484
2022-23171 (97%)$25,09284 (47%)$5,751
Average170 (98.33%)$22,77483 (47.67%)$5,244
*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, 60 (34.44 % of students) received Pell (federal) grants and its average amount is $4,531.

In addition, 65 students received State/local government grants/scholarships (37.33 % 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
2014-1555 (32%)$3,99413 (7%)$94344 (25%)$3,109171 (98%)$16,622
2015-1664 (40%)$4,16921 (13%)$91053 (33%)$3,393162 (100%)$16,928
2016-1758 (32%)$4,37620 (11%)$92570 (39%)$3,361179 (99%)$18,187
2017-1891 (43%)$4,76831 (15%)$95083 (39%)$3,348210 (99%)$19,820
2018-1962 (34%)$4,31719 (11%)$86873 (41%)$3,259173 (96%)$19,624
2019-2074 (41%)$4,50693 (51%)$1,20866 (36%)$3,407174 (96%)$19,994
2020-2136 (25%)$4,382120 (83%)$1,28446 (32%)$3,224139 (96%)$22,268
2021-2246 (32%)$4,95011 (8%)$95563 (44%)$3,574141 (99%)$22,720
2022-2355 (31%)$5,31722 (12%)$1,05883 (47%)$3,506167 (94%)$22,060
Average60 (34.44%)$4,53139 (23.44%)$1,01165 (37.33%)$3,353168 (97.44%)$19,803
*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, 83 (47.67 % of students) get any students loan help and its average loan amount is $83.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1581 (47%)$6,19479 (45%)$5,3307 (4%)$11,513
2015-1680 (49%)$5,85478 (48%)$5,2686 (4%)$9,572
2016-1789 (49%)$5,49189 (49%)$5,2733 (2%)$6,483
2017-18107 (50%)$5,296106 (50%)$4,9425 (2%)$8,565
2018-1995 (53%)$5,42195 (53%)$4,9553 (2%)$14,759
2019-2098 (54%)$5,61995 (52%)$5,1227 (4%)$9,157
2020-2164 (44%)$1,08264 (44%)$5116 (4%)$6,083
2021-2251 (36%)$6,48450 (35%)$5,0285 (3%)$15,850
2022-2384 (47%)$5,75184 (47%)$5,3763 (2%)$10,492
Average83 (47.67%)$5,24482 (47.00%)$4,6455 (3.00%)$10,275

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