Scholarships, Grants, and Loan Trends at Pace

5%

Received Percent Changed

$5,911

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 7,451, which is 87.33 % of all undergraduate students. 4,305 students which is 50.33% of undergraduate students received federal student loans and the average loan amount is $6,917.

For full-time, first-time beginning students (freshmen), 96.89% of students received grants or scholarships and 61% 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 Pace University since 2014.

For that period, the average number of students who received grants aid/scholarships is 7,451, which is 87.33 % of all undergraduate students. 4,305 students which is 50.33% of undergraduate students received federal student loans and the average loan amount is $6,917.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-157,366 (85%)$24,2372,642 (30%)$4,6084,728 (54%)$7,460
2015-167,377 (84%)$24,0392,535 (29%)$4,6634,746 (54%)$7,244
2016-177,498 (84%)$24,7652,467 (28%)$4,6494,599 (52%)$7,313
2017-187,539 (87%)$26,6472,514 (29%)$4,7994,588 (53%)$7,227
2018-197,591 (87%)$27,6412,415 (28%)$4,8954,407 (51%)$6,737
2019-207,581 (89%)$28,3582,238 (26%)$4,9404,207 (49%)$6,682
2020-217,231 (90%)$29,4382,038 (25%)$5,0993,771 (47%)$6,777
2021-227,468 (90%)$29,3912,204 (27%)$5,1423,886 (47%)$6,430
2022-237,410 (90%)$30,1482,226 (27%)$5,3973,815 (46%)$6,385
Average7,451 (87.33%)$27,1852,364 (27.67%)$4,9104,305 (50.33%)$6,917
*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, 1,931 (96.89 % of students) received grants or scholarships and its average amount is $30,270. It can cover 56.57% of tuition & fees ($53,510).

In addition, 1,206 (60.56 % of students) students get helped from the students loans (average amount : $9,071).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,884 (97%)$25,7451,267 (65%)$8,475
2015-161,936 (94%)$27,2281,307 (64%)$8,390
2016-171,872 (95%)$28,5091,222 (62%)$8,612
2017-181,932 (97%)$29,5801,218 (61%)$8,550
2018-191,926 (97%)$30,1551,209 (61%)$8,868
2019-201,847 (96%)$31,0891,120 (58%)$9,480
2020-211,749 (98%)$32,0681,018 (57%)$8,896
2021-222,160 (99%)$33,9111,305 (60%)$9,879
2022-232,072 (99%)$34,1481,185 (57%)$10,485
Average1,931 (96.89%)$30,2701,206 (60.56%)$9,071
*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, 636 (32.00 % of students) received Pell (federal) grants and its average amount is $5,032.

In addition, 363 students received State/local government grants/scholarships (18.11 % 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
2014-15666 (34%)$4,675260 (13%)$1,005454 (23%)$3,6351,882 (97%)$23,103
2015-16667 (33%)$4,749289 (14%)$1,103496 (24%)$3,7101,932 (94%)$24,527
2016-17635 (32%)$4,834367 (19%)$918419 (21%)$3,4841,872 (95%)$25,909
2017-18631 (32%)$4,959300 (15%)$979377 (19%)$4,1311,929 (96%)$27,044
2018-19602 (30%)$5,061299 (15%)$1,140368 (19%)$3,8921,926 (97%)$27,652
2019-20566 (30%)$5,1151,494 (78%)$814315 (16%)$3,9251,845 (96%)$28,225
2020-21535 (30%)$5,180702 (40%)$4,158269 (15%)$3,8041,740 (98%)$28,376
2021-22721 (33%)$5,288881 (40%)$2,920294 (13%)$4,0462,158 (99%)$30,432
2022-23705 (34%)$5,425446 (21%)$1,265274 (13%)$3,9332,070 (99%)$31,540
Average636 (32.00%)$5,032560 (28.33%)$1,589363 (18.11%)$3,8401,928 (96.78%)$27,423
*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, 1,206 (60.56 % of students) get any students loan help and its average loan amount is $1,206.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-151,267 (65%)$8,4751,252 (65%)$6,307148 (8%)$19,197
2015-161,307 (64%)$8,3901,275 (62%)$5,928178 (9%)$19,140
2016-171,222 (62%)$8,6121,201 (61%)$6,210153 (8%)$20,037
2017-181,218 (61%)$8,5501,189 (59%)$5,690170 (9%)$21,456
2018-191,209 (61%)$8,8681,176 (60%)$5,678190 (10%)$21,285
2019-201,120 (58%)$9,4801,079 (56%)$5,598198 (10%)$23,122
2020-211,018 (57%)$8,896980 (55%)$5,670150 (8%)$23,331
2021-221,305 (60%)$9,8791,248 (57%)$5,567243 (11%)$24,465
2022-231,185 (57%)$10,4851,134 (54%)$5,554238 (11%)$25,743
Average1,206 (60.56%)$9,0711,170 (58.78%)$5,800185 (9.33%)$21,975

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