Scholarships, Grants, and Loan Trends at SNHU

-2%

Received Percent Changed

-$1,584

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 41,759, which is 50.78 % of all undergraduate students. 53,265 students which is 65.78% of undergraduate students received federal student loans and the average loan amount is $7,102.

For full-time, first-time beginning students (freshmen), 71.33% of students received grants or scholarships and 63% 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 Southern New Hampshire University since 2014.

For that period, the average number of students who received grants aid/scholarships is 41,759, which is 50.78 % of all undergraduate students. 53,265 students which is 65.78% of undergraduate students received federal student loans and the average loan amount is $7,102.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1515,245 (52%)$4,93412,915 (44%)$2,79119,727 (67%)$7,469
2015-1622,873 (54%)$4,28920,283 (48%)$2,67730,684 (73%)$7,369
2016-1727,517 (50%)$3,72824,511 (45%)$2,25737,709 (69%)$6,266
2017-1835,900 (51%)$3,88832,952 (47%)$2,75248,269 (68%)$7,259
2018-1943,129 (52%)$3,91339,606 (48%)$2,87956,143 (68%)$7,303
2019-2047,675 (51%)$3,87543,057 (46%)$2,91960,708 (65%)$7,251
2020-2154,567 (49%)$3,25149,962 (45%)$2,96569,092 (62%)$7,060
2021-2258,814 (48%)$3,21355,478 (46%)$2,97273,848 (61%)$6,971
2022-2370,113 (50%)$3,35066,069 (47%)$3,13783,209 (59%)$6,969
Average41,759 (50.78%)$3,82738,315 (46.22%)$2,81753,265 (65.78%)$7,102
*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, 1,830 (71.33 % of students) received grants or scholarships and its average amount is $8,021. It can cover 46.63% of tuition & fees ($17,200).

In addition, 1,610 (63.22 % of students) students get helped from the students loans (average amount : $6,866).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,626 (82%)$8,7661,464 (74%)$7,685
2015-161,693 (61%)$9,2921,552 (56%)$7,129
2016-171,601 (75%)$9,4301,394 (65%)$7,165
2017-181,574 (68%)$10,1211,424 (62%)$7,511
2018-192,018 (71%)$10,2431,843 (65%)$7,134
2019-202,173 (75%)$9,3371,839 (63%)$7,501
2020-212,330 (79%)$6,0061,472 (50%)$5,216
2021-221,483 (64%)$4,4341,567 (68%)$6,242
2022-231,972 (67%)$4,5571,936 (66%)$6,208
Average1,830 (71.33%)$8,0211,610 (63.22%)$6,866
*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, 1,315 (51.00 % of students) received Pell (federal) grants and its average amount is $3,315.

In addition, 106 students received State/local government grants/scholarships (4.22 % 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
2014-151,086 (55%)$3,000120 (6%)$68389 (5%)$1,703773 (39%)$13,923
2015-161,151 (41%)$3,076152 (5%)$630108 (4%)$1,697772 (28%)$15,429
2016-17977 (46%)$2,772130 (6%)$61591 (4%)$1,669844 (39%)$14,404
2017-181,042 (45%)$3,459118 (5%)$69977 (3%)$2,106752 (33%)$16,066
2018-191,367 (48%)$3,455196 (7%)$1,057113 (4%)$2,238926 (33%)$16,725
2019-201,524 (52%)$3,384768 (26%)$1,004126 (4%)$3,471998 (34%)$13,951
2020-211,500 (51%)$3,450157 (5%)$868106 (4%)$2,0281,144 (39%)$7,403
2021-221,378 (60%)$3,577152 (7%)$728109 (5%)$4,177231 (10%)$4,677
2022-231,808 (61%)$3,658151 (5%)$1,017136 (5%)$5,509351 (12%)$4,192
Average1,315 (51.00%)$3,315216 (8.00%)$811106 (4.22%)$2,733755 (29.67%)$11,863
*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, 1,610 (63.22 % of students) get any students loan help and its average loan amount is $1,610.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-151,464 (74%)$7,6851,455 (74%)$5,653193 (10%)$15,683
2015-161,552 (56%)$7,1291,539 (55%)$5,521178 (6%)$14,426
2016-171,394 (65%)$7,1651,384 (65%)$5,069194 (9%)$15,322
2017-181,424 (62%)$7,5111,409 (61%)$5,700164 (7%)$16,239
2018-191,843 (65%)$7,1341,828 (65%)$5,482209 (7%)$14,958
2019-201,839 (63%)$7,5011,821 (63%)$5,430235 (8%)$16,626
2020-211,472 (50%)$5,2161,465 (50%)$5,17613 (0%)$7,258
2021-221,567 (68%)$6,2421,547 (67%)$5,119124 (5%)$15,024
2022-231,936 (66%)$6,2081,911 (65%)$5,243125 (4%)$15,985
Average1,610 (63.22%)$6,8661,595 (62.78%)$5,377159 (7.00%)$14,613

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