Scholarships, Grants, and Loan Trends at Penn State Altoona

-15%

Received Percent Changed

$4,220

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 2,603, which is 77.33 % of all undergraduate students. 2,074 students which is 61.50% of undergraduate students received federal student loans and the average loan amount is $6,294.

For full-time, first-time beginning students (freshmen), 61.17% of students received grants or scholarships and 65% 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 Pennsylvania State University-Penn State Altoona since 2014.

For that period, the average number of students who received grants aid/scholarships is 2,603, which is 77.33 % of all undergraduate students. 2,074 students which is 61.50% of undergraduate students received federal student loans and the average loan amount is $6,294.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-153,222 (83%)$5,8051,253 (32%)$4,0622,609 (67%)$6,732
2015-163,141 (82%)$5,5981,169 (30%)$4,1062,544 (66%)$6,486
2016-172,804 (80%)$5,6361,041 (30%)$4,3802,227 (64%)$6,243
2017-182,779 (80%)$6,0441,032 (30%)$4,4992,130 (61%)$6,206
2018-19--
2019-20--
2020-21--
2021-221,915 (71%)$10,140748 (28%)$4,9361,505 (56%)$6,028
2022-231,758 (68%)$10,025666 (26%)$5,1681,427 (55%)$6,069
Average2,603 (77.33%)$7,208985 (29.33%)$4,5252,074 (61.50%)$6,294
*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, 731 (61.17 % of students) received grants or scholarships and its average amount is $8,069. It can cover 29.93% of tuition & fees ($26,958) based on out-of-state rate.

In addition, 782 (64.83 % of students) students get helped from the students loans (average amount : $9,875).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15894 (60%)$6,894979 (66%)$8,845
2015-16781 (57%)$7,426957 (70%)$8,809
2016-17698 (59%)$7,966760 (64%)$9,128
2017-18752 (59%)$7,821822 (65%)$9,127
2018-19--
2019-20--
2020-21--
2021-22685 (68%)$9,574622 (62%)$11,382
2022-23574 (64%)$8,730554 (62%)$11,961
Average731 (61.17%)$8,069782 (64.83%)$9,875
*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, 349 (29.00 % of students) received Pell (federal) grants and its average amount is $4,473.

In addition, 302 students received State/local government grants/scholarships (24.67 % 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
2014-15428 (29%)$4,178127 (9%)$1,743414 (28%)$3,258681 (46%)$4,118
2015-16399 (29%)$4,171122 (9%)$1,623372 (27%)$3,526594 (43%)$4,421
2016-17368 (31%)$4,26295 (8%)$1,510320 (27%)$3,597581 (49%)$4,642
2017-18372 (29%)$4,493119 (9%)$1,620363 (29%)$3,296620 (49%)$4,550
2018-19--
2019-20--
2020-21--
2021-22296 (30%)$4,888508 (51%)$2,224187 (19%)$3,803510 (51%)$6,413
2022-23233 (26%)$4,84739 (4%)$3,058158 (18%)$4,612560 (62%)$5,418
Average349 (29.00%)$4,473168 (15.00%)$1,963302 (24.67%)$3,682591 (50.00%)$4,927
*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, 782 (64.83 % of students) get any students loan help and its average loan amount is $782.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15979 (66%)$8,845957 (65%)$5,931209 (14%)$14,276
2015-16957 (70%)$8,809939 (68%)$5,623222 (16%)$14,190
2016-17760 (64%)$9,128740 (62%)$5,476194 (16%)$14,870
2017-18822 (65%)$9,127803 (64%)$5,372213 (17%)$14,971
2018-19--
2019-20--
2020-21--
2021-22622 (62%)$11,382598 (60%)$5,189199 (20%)$19,982
2022-23554 (62%)$11,961536 (60%)$5,282193 (22%)$19,662
Average782 (64.83%)$9,875762 (63.17%)$5,479205 (17.50%)$16,325

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