Scholarships, Grants, and Loan Trends at Spa Tech Institute-Plymouth

-9%

Received Percent Changed

$947

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 115, which is 45.00 % of all undergraduate students. 147 students which is 57.56% of undergraduate students received federal student loans and the average loan amount is $4,608.

For full-time, first-time beginning students (freshmen), 59.33% of students received grants or scholarships and 66% 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 Spa Tech Institute-Plymouth since 2014.

For that period, the average number of students who received grants aid/scholarships is 115, which is 45.00 % of all undergraduate students. 147 students which is 57.56% of undergraduate students received federal student loans and the average loan amount is $4,608.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15114 (44%)$2,689109 (42%)$2,500127 (49%)$5,091
2015-16100 (41%)$2,85698 (41%)$2,684146 (61%)$4,187
2016-1795 (42%)$2,71892 (40%)$2,51495 (42%)$4,799
2017-18104 (51%)$2,817103 (51%)$2,717132 (65%)$4,197
2018-19118 (47%)$2,898117 (47%)$2,649178 (71%)$4,288
2019-20149 (61%)$2,363105 (43%)$2,546151 (62%)$5,036
2020-2189 (35%)$3,01188 (34%)$2,635136 (53%)$3,969
2021-22140 (49%)$3,584134 (47%)$3,282213 (75%)$4,779
2022-23123 (35%)$3,636113 (32%)$3,049141 (40%)$5,124
Average115 (45.00%)$2,952107 (41.89%)$2,731147 (57.56%)$4,608
*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, 24 (59.33 % of students) received grants or scholarships and its average amount is $3,321. It can cover 25.64% of tuition & fees ($12,950).

In addition, 28 (66.44 % of students) students get helped from the students loans (average amount : $4,903).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1522 (58%)$2,90722 (58%)$4,663
2015-1625 (52%)$3,49631 (65%)$4,512
2016-1720 (63%)$2,72314 (44%)$5,346
2017-1829 (54%)$3,10432 (59%)$4,718
2018-1925 (51%)$3,08527 (55%)$4,036
2019-2023 (77%)$3,39523 (77%)$5,225
2020-2120 (71%)$3,35324 (86%)$4,343
2021-2227 (60%)$3,51441 (91%)$5,755
2022-2327 (48%)$4,31035 (63%)$5,529
Average24 (59.33%)$3,32128 (66.44%)$4,903
*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, 24 (58.33 % of students) received Pell (federal) grants and its average amount is $3,029.

In addition, 2 students received State/local government grants/scholarships (4.75 % 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
2014-1521 (55%)$2,60721 (55%)$1002 (5%)$2,50021 (55%)$100
2015-1625 (52%)$3,31223 (48%)$100--23 (48%)$100
2016-1720 (63%)$2,52320 (63%)$100--20 (63%)$100
2017-1829 (54%)$2,90429 (54%)$100--29 (54%)$100
2018-1925 (51%)$2,88525 (51%)$100--25 (51%)$100
2019-2022 (73%)$3,16413 (43%)$653----
2020-2120 (71%)$2,903--2 (7%)$4,500--
2021-2227 (60%)$3,366--1 (2%)$4,000--
2022-2326 (46%)$3,601--3 (5%)$7,583--
Average24 (58.33%)$3,02922 (52.33%)$1922 (4.75%)$4,64624 (54.20%)$100
*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, 28 (66.44 % of students) get any students loan help and its average loan amount is $28.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1522 (58%)$4,66321 (55%)$4,6911 (3%)$4,088
2015-1631 (65%)$4,51231 (65%)$4,512--
2016-1714 (44%)$5,34614 (44%)$5,346--
2017-1832 (59%)$4,71832 (59%)$4,4142 (4%)$4,864
2018-1927 (55%)$4,03627 (55%)$4,036--
2019-2023 (77%)$5,22523 (77%)$5,225--
2020-2124 (86%)$4,34324 (86%)$4,1641 (4%)$4,300
2021-2241 (91%)$5,75540 (89%)$4,6957 (16%)$6,876
2022-2335 (63%)$5,52932 (57%)$4,3756 (11%)$8,921
Average28 (66.44%)$4,90327 (65.22%)$4,6063 (7.60%)$5,810

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