Scholarships, Grants, and Loan Trends at Paine

3%

Received Percent Changed

-$2,498

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 418, which is 95.00 % of all undergraduate students. 344 students which is 76.33% of undergraduate students received federal student loans and the average loan amount is $7,871.

For full-time, first-time beginning students (freshmen), 97.22% of students received grants or scholarships and 87% 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 Paine College since 2014.

For that period, the average number of students who received grants aid/scholarships is 418, which is 95.00 % of all undergraduate students. 344 students which is 76.33% of undergraduate students received federal student loans and the average loan amount is $7,871.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15812 (96%)$16,018677 (80%)$4,484742 (88%)$8,409
2015-16525 (95%)$8,141434 (78%)$4,610489 (88%)$8,928
2016-17366 (74%)$7,797193 (39%)$4,508214 (43%)$7,732
2017-18413 (97%)$9,605284 (67%)$4,886306 (72%)$8,258
2018-19466 (99%)$11,936392 (84%)$5,359397 (85%)$7,747
2019-20440 (98%)$9,541372 (83%)$5,194391 (87%)$8,205
2020-21186 (98%)$11,687149 (79%)$4,528148 (78%)$5,970
2021-22248 (99%)$13,636171 (68%)$5,092180 (72%)$7,554
2022-23306 (99%)$13,520221 (71%)$5,063228 (74%)$8,038
Average418 (95.00%)$11,320321 (72.11%)$4,858344 (76.33%)$7,871
*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, 104 (97.22 % of students) received grants or scholarships and its average amount is $10,467. It can cover 71.71% of tuition & fees ($14,596).

In addition, 96 (86.67 % of students) students get helped from the students loans (average amount : $8,809).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15167 (84%)$6,322167 (84%)$7,851
2015-16128 (96%)$7,703125 (94%)$9,372
2016-17104 (100%)$8,13198 (94%)$10,539
2017-1894 (100%)$10,13885 (90%)$10,487
2018-19181 (100%)$13,974165 (91%)$8,816
2019-2091 (95%)$11,83590 (94%)$10,663
2020-2120 (100%)$14,02815 (75%)$5,069
2021-2271 (100%)$11,75554 (76%)$7,985
2022-2384 (100%)$10,31669 (82%)$8,496
Average104 (97.22%)$10,46796 (86.67%)$8,809
*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, 95 (85.89 % of students) received Pell (federal) grants and its average amount is $4,988.

In addition, 79 students received State/local government grants/scholarships (72.78 % 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
2014-15166 (83%)$4,12372 (36%)$1,251123 (62%)$1,04146 (23%)$3,330
2015-16110 (83%)$4,59479 (59%)$1,118106 (80%)$1,32647 (35%)$5,358
2016-17100 (96%)$4,87356 (54%)$1,57285 (82%)$1,03633 (32%)$5,521
2017-1884 (89%)$4,94942 (45%)$1,70667 (71%)$1,13854 (57%)$7,211
2018-19168 (93%)$5,48447 (26%)$1,498144 (80%)$1,429174 (96%)$7,654
2019-2084 (88%)$5,44730 (31%)$2,35878 (81%)$1,56349 (51%)$8,709
2020-2117 (85%)$4,82911 (55%)$2,28618 (90%)$1,95119 (95%)$7,274
2021-2252 (73%)$5,20829 (41%)$2,34228 (39%)$72955 (77%)$8,645
2022-2370 (83%)$5,38930 (36%)$2,71359 (70%)$4,52024 (29%)$5,886
Average95 (85.89%)$4,98844 (42.56%)$1,87279 (72.78%)$1,63756 (55.00%)$6,621
*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, 96 (86.67 % of students) get any students loan help and its average loan amount is $96.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15167 (84%)$7,851167 (84%)$7,6742 (1%)$14,717
2015-16125 (94%)$9,372125 (94%)$8,76018 (14%)$4,246
2016-1798 (94%)$10,53998 (94%)$8,15641 (39%)$5,696
2017-1885 (90%)$10,48784 (89%)$7,49738 (40%)$6,885
2018-19165 (91%)$8,816165 (91%)$6,41769 (38%)$5,738
2019-2090 (94%)$10,66390 (94%)$7,27946 (48%)$6,621
2020-2115 (75%)$5,06915 (75%)$3,7772 (10%)$9,694
2021-2254 (76%)$7,98554 (76%)$7,985--
2022-2369 (82%)$8,49667 (80%)$8,3692 (2%)$12,750
Average96 (86.67%)$8,80996 (86.33%)$7,32427 (24.00%)$8,293

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