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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Salem College since 2011.
For that period, the average number of students who received grants aid/scholarships is 729, which is 92.55 % of all undergraduate students. 576 students which is 70.45% of undergraduate students received federal student loans and the average loan amount is $7,431.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12916 (97%)$14,338557 (59%)$3,943735 (78%)$6,442
2012-13860 (91%)$15,368533 (56%)$4,133748 (79%)$9,391
2013-14909 (93%)$16,151571 (58%)$4,229785 (80%)$9,419
2014-15901 (95%)$17,384545 (58%)$4,242761 (80%)$7,639
2015-16829 (88%)$19,826491 (52%)$4,456678 (72%)$7,526
2016-17829 (89%)$20,479492 (53%)$4,345672 (72%)$7,426
2017-18746 (91%)$22,025471 (57%)$4,476606 (74%)$7,172
2018-19650 (92%)$21,525385 (55%)$4,443500 (71%)$7,317
2019-20571 (97%)$21,320326 (55%)$4,393410 (69%)$6,945
2020-21473 (96%)$20,519283 (58%)$4,432258 (52%)$6,187
2021-22333 (89%)$25,284191 (51%)$4,959180 (48%)$6,277
Average729 (92.55%)$19,474440 (55.64%)$4,368576 (70.45%)$7,431

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 148 (98.00 % of students) received grants or scholarships and its average amount is $25,838. It can cover 80.15% of tuition & fees ($32,236).
In addition, 110 (70.64 % of students) students get helped from the students loans (average amount : $5,773).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12177 (93%)$22,291140 (73%)$4,607
2012-13170 (99%)$23,445136 (79%)$6,418
2013-14176 (98%)$24,749137 (76%)$6,532
2014-15196 (98%)$24,177153 (77%)$6,028
2015-16180 (98%)$25,768141 (77%)$5,770
2016-17202 (99%)$25,354159 (78%)$5,959
2017-18157 (98%)$29,172117 (73%)$5,884
2018-1999 (98%)$27,13269 (68%)$6,474
2019-20106 (98%)$25,68378 (72%)$6,135
2020-21119 (99%)$26,40461 (51%)$4,542
2021-2245 (100%)$30,04824 (53%)$5,150
Average148 (98.00%)$25,838110 (70.64%)$5,773
*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 12 years, on average, 85 (57.09 % of students) received Pell (federal) grants and its average amount is $4,681.
In addition, 80 students received State/local government grants/scholarships (55.18 % 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
2011-1293 (49%)$4,15628 (15%)$1,556123 (64%)$4,249174 (91%)$17,199
2012-1387 (51%)$4,33112 (7%)$2,00079 (46%)$4,741170 (99%)$18,884
2013-14102 (57%)$4,4456 (3%)$2,00087 (48%)$4,721176 (98%)$19,772
2014-15116 (58%)$4,40216 (8%)$1,90896 (48%)$4,576195 (98%)$19,273
2015-16105 (57%)$4,7358 (4%)$1,87588 (48%)$4,595180 (98%)$20,677
2016-17109 (53%)$4,5309 (4%)$2,00083 (41%)$4,614202 (99%)$20,924
2017-1888 (55%)$4,77612 (8%)$1,75369 (43%)$5,008157 (98%)$24,160
2018-1947 (47%)$5,16112 (12%)$1,91760 (59%)$4,78299 (98%)$21,551
2019-2076 (70%)$4,81961 (56%)$1,30377 (71%)$5,078106 (98%)$17,789
2020-2183 (69%)$4,90659 (49%)$2,28392 (77%)$5,980119 (99%)$17,227
2021-2228 (62%)$5,23444 (98%)$4,97328 (62%)$6,59945 (100%)$17,823
Average85 (57.09%)$4,68124 (24.00%)$2,14380 (55.18%)$4,995148 (97.82%)$19,571
*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 12 years, on average, 110 (70.64 % of students) get any students loan help and its average loan amount is $110.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12140 (73%)$4,607134 (70%)$4,2576 (3%)$12,423
2012-13136 (79%)$6,418135 (78%)$6,3023 (2%)$7,367
2013-14137 (76%)$6,532136 (76%)$6,2525 (3%)$8,940
2014-15153 (77%)$6,028153 (77%)$6,028--
2015-16141 (77%)$5,770141 (77%)$5,6194 (2%)$5,306
2016-17159 (78%)$5,959159 (78%)$5,7043 (1%)$13,545
2017-18117 (73%)$5,884117 (73%)$5,4755 (3%)$9,553
2018-1969 (68%)$6,47468 (67%)$5,5308 (8%)$8,830
2019-2078 (72%)$6,13578 (72%)$5,2036 (6%)$12,118
2020-2161 (51%)$4,54261 (51%)$4,2824 (3%)$3,977
2021-2224 (53%)$5,15024 (53%)$4,5392 (4%)$7,330
Average110 (70.64%)$5,773110 (70.18%)$5,3815 (3.50%)$8,939

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