Scholarships, Grants, and Loan Trends at Penn State New Kensington

-5%

Received Percent Changed

$3,063

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 488, which is 82.17 % of all undergraduate students. 349 students which is 58.33% of undergraduate students received federal student loans and the average loan amount is $6,344.

For full-time, first-time beginning students (freshmen), 84.50% 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 New Kensington since 2014.

For that period, the average number of students who received grants aid/scholarships is 488, which is 82.17 % of all undergraduate students. 349 students which is 58.33% of undergraduate students received federal student loans and the average loan amount is $6,344.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15574 (86%)$5,257224 (34%)$3,614449 (68%)$6,593
2015-16541 (82%)$5,269203 (31%)$3,705388 (59%)$6,689
2016-17563 (82%)$5,249201 (29%)$4,061404 (59%)$6,086
2017-18486 (82%)$5,237180 (30%)$4,417349 (59%)$6,321
2018-19--
2019-20--
2020-21--
2021-22393 (80%)$8,622152 (31%)$4,944252 (51%)$6,301
2022-23373 (81%)$8,320145 (32%)$5,096250 (54%)$6,072
Average488 (82.17%)$6,326184 (31.17%)$4,306349 (58.33%)$6,344
*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, 134 (84.50 % of students) received grants or scholarships and its average amount is $6,973. It can cover 28.89% of tuition & fees ($24,134) based on out-of-state rate.

In addition, 103 (64.50 % of students) students get helped from the students loans (average amount : $6,860).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15149 (81%)$6,336120 (65%)$6,089
2015-16135 (78%)$6,761108 (62%)$5,669
2016-17160 (82%)$7,033132 (68%)$6,865
2017-18107 (82%)$6,39690 (69%)$6,935
2018-19--
2019-20--
2020-21--
2021-22129 (93%)$7,86083 (60%)$8,679
2022-23122 (91%)$7,45084 (63%)$6,920
Average134 (84.50%)$6,973103 (64.50%)$6,860
*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, 54 (33.50 % of students) received Pell (federal) grants and its average amount is $4,285.

In addition, 62 students received State/local government grants/scholarships (38.00 % 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
2014-1562 (34%)$3,48523 (12%)$1,34480 (43%)$3,149117 (63%)$3,805
2015-1663 (36%)$3,76519 (11%)$1,25779 (45%)$3,58897 (56%)$3,796
2016-1766 (34%)$4,24210 (5%)$1,20085 (44%)$3,589137 (70%)$3,856
2017-1838 (29%)$4,79015 (11%)$1,42845 (34%)$2,90498 (75%)$3,574
2018-19--
2019-20--
2020-21--
2021-2245 (32%)$4,87874 (53%)$2,05939 (28%)$3,843122 (88%)$4,034
2022-2348 (36%)$4,55010 (7%)$2,00046 (34%)$3,886118 (88%)$4,167
Average54 (33.50%)$4,28525 (16.50%)$1,54862 (38.00%)$3,493115 (73.33%)$3,872
*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, 103 (64.50 % of students) get any students loan help and its average loan amount is $103.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15120 (65%)$6,089117 (63%)$5,20813 (7%)$9,333
2015-16108 (62%)$5,669108 (62%)$5,3614 (2%)$8,327
2016-17132 (68%)$6,865129 (66%)$5,27320 (10%)$11,299
2017-1890 (69%)$6,93588 (67%)$4,87018 (14%)$10,868
2018-19--
2019-20--
2020-21--
2021-2283 (60%)$8,67979 (57%)$5,31421 (15%)$14,312
2022-2384 (63%)$6,92082 (61%)$5,02514 (10%)$12,091
Average103 (64.50%)$6,860101 (62.67%)$5,17515 (9.67%)$11,038

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