Scholarships, Grants, and Loan Trends at Radford

44%

Received Percent Changed

$981

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 5,020, which is 66.00 % of all undergraduate students. 4,878 students which is 62.22% of undergraduate students received federal student loans and the average loan amount is $6,556.

For full-time, first-time beginning students (freshmen), 72.67% of students received grants or scholarships and 68% 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 Radford University since 2014.

For that period, the average number of students who received grants aid/scholarships is 5,020, which is 66.00 % of all undergraduate students. 4,878 students which is 62.22% of undergraduate students received federal student loans and the average loan amount is $6,556.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-154,285 (48%)$7,6202,686 (30%)$4,2315,369 (60%)$6,712
2015-164,208 (47%)$8,0252,766 (31%)$4,3335,565 (63%)$6,520
2016-174,239 (50%)$8,5592,766 (33%)$4,3785,286 (63%)$6,549
2017-184,664 (55%)$8,2643,033 (36%)$4,5355,482 (65%)$6,510
2018-194,716 (60%)$8,8332,956 (37%)$4,7685,217 (66%)$6,483
2019-206,510 (82%)$7,4313,022 (38%)$4,7975,309 (67%)$6,806
2020-215,217 (71%)$8,8532,725 (37%)$4,7204,518 (62%)$6,580
2021-225,786 (89%)$8,8962,349 (36%)$5,0863,846 (59%)$6,532
2022-235,555 (92%)$8,6012,125 (35%)$5,2243,313 (55%)$6,315
Average5,020 (66.00%)$8,3422,714 (34.78%)$4,6754,878 (62.22%)$6,556
*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, 1,147 (72.67 % of students) received grants or scholarships and its average amount is $8,658. It can cover 33.78% of tuition & fees ($25,633) based on out-of-state rate.

In addition, 1,120 (67.67 % of students) students get helped from the students loans (average amount : $7,428).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15956 (47%)$7,7501,267 (63%)$7,428
2015-16918 (47%)$8,3041,329 (68%)$7,587
2016-17932 (53%)$9,1951,189 (68%)$7,579
2017-181,142 (62%)$7,9171,330 (72%)$7,827
2018-191,233 (70%)$9,4261,289 (73%)$7,447
2019-201,520 (92%)$7,9381,201 (73%)$7,693
2020-211,171 (88%)$8,695897 (67%)$7,385
2021-221,244 (96%)$9,733837 (65%)$6,910
2022-231,208 (99%)$8,968738 (60%)$6,994
Average1,147 (72.67%)$8,6581,120 (67.67%)$7,428
*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, 624 (38.44 % of students) received Pell (federal) grants and its average amount is $4,744.

In addition, 468 students received State/local government grants/scholarships (30.11 % 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
2014-15597 (30%)$4,244129 (6%)$4,656334 (17%)$5,375416 (21%)$5,960
2015-16637 (33%)$4,39281 (4%)$6,125341 (17%)$5,833356 (18%)$6,572
2016-17664 (38%)$4,448104 (6%)$4,851363 (21%)$7,214365 (21%)$6,830
2017-18752 (41%)$4,47684 (5%)$6,977461 (25%)$4,790540 (29%)$5,336
2018-19731 (42%)$4,93877 (4%)$7,131566 (32%)$6,228743 (42%)$5,300
2019-20707 (43%)$4,9701,332 (81%)$821505 (31%)$6,369940 (57%)$4,513
2020-21563 (42%)$4,813206 (16%)$2,331568 (43%)$3,8001,003 (75%)$4,819
2021-22514 (40%)$5,184640 (50%)$2,138557 (43%)$6,592891 (69%)$4,942
2022-23451 (37%)$5,23260 (5%)$5,615514 (42%)$6,1361,198 (98%)$4,160
Average624 (38.44%)$4,744301 (19.67%)$4,516468 (30.11%)$5,815717 (47.78%)$5,381
*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, 1,120 (67.67 % of students) get any students loan help and its average loan amount is $1,120.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-151,267 (63%)$7,4281,226 (61%)$5,598217 (11%)$11,745
2015-161,329 (68%)$7,5871,293 (66%)$5,418260 (13%)$11,836
2016-171,189 (68%)$7,5791,160 (66%)$5,489220 (13%)$12,017
2017-181,330 (72%)$7,8271,306 (71%)$5,613262 (14%)$11,753
2018-191,289 (73%)$7,4471,265 (72%)$5,506213 (12%)$12,366
2019-201,201 (73%)$7,6931,184 (72%)$5,599210 (13%)$12,426
2020-21897 (67%)$7,385869 (65%)$5,344158 (12%)$12,531
2021-22837 (65%)$6,910821 (64%)$5,233123 (10%)$12,095
2022-23738 (60%)$6,994712 (58%)$5,101124 (10%)$12,337
Average1,120 (67.67%)$7,4281,093 (66.11%)$5,433199 (12.00%)$12,123

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