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

2%

Received Percent Changed

$1,414

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 85, which is 43.44 % of all undergraduate students. 107 students which is 54.22% of undergraduate students received federal student loans and the average loan amount is $4,520.

For full-time, first-time beginning students (freshmen), 57.00% of students received grants or scholarships and 72% 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-Westboro since 2014.

For that period, the average number of students who received grants aid/scholarships is 85, which is 43.44 % of all undergraduate students. 107 students which is 54.22% of undergraduate students received federal student loans and the average loan amount is $4,520.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1549 (34%)$2,76548 (34%)$2,41958 (41%)$5,114
2015-1656 (38%)$2,22756 (38%)$2,02463 (42%)$3,931
2016-1780 (50%)$3,08380 (50%)$2,86394 (59%)$4,941
2017-1879 (53%)$2,94578 (53%)$2,65099 (67%)$4,300
2018-1990 (46%)$2,86090 (46%)$2,615120 (62%)$4,273
2019-2099 (46%)$2,89584 (39%)$2,663119 (55%)$4,102
2020-2188 (34%)$2,81487 (34%)$2,671124 (48%)$3,761
2021-22132 (54%)$3,711126 (52%)$3,400178 (73%)$4,993
2022-2392 (36%)$4,17986 (33%)$3,275106 (41%)$5,267
Average85 (43.44%)$3,05382 (42.11%)$2,731107 (54.22%)$4,520
*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, 20 (57.00 % of students) received grants or scholarships and its average amount is $3,017. It can cover 23.30% of tuition & fees ($12,950).

In addition, 25 (71.56 % of students) students get helped from the students loans (average amount : $4,396).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-156 (35%)$2,6449 (53%)$2,992
2015-1615 (60%)$2,47014 (56%)$3,782
2016-1718 (53%)$2,47321 (62%)$4,524
2017-1820 (71%)$2,71724 (86%)$4,848
2018-1925 (61%)$2,92129 (71%)$3,791
2019-2029 (59%)$3,22338 (78%)$4,222
2020-2116 (59%)$2,91122 (81%)$4,219
2021-2231 (65%)$3,98943 (90%)$5,706
2022-2318 (50%)$3,80324 (67%)$5,479
Average20 (57.00%)$3,01725 (71.56%)$4,396
*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, 20 (56.78 % of students) received Pell (federal) grants and its average amount is $2,647.

In addition, 1 students received State/local government grants/scholarships (4.57 % 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
2014-156 (35%)$2,1526 (35%)$1001 (6%)$1,7506 (35%)$100
2015-1615 (60%)$2,06313 (52%)$1001 (4%)$3,50013 (52%)$100
2016-1718 (53%)$1,97416 (47%)$1002 (6%)$2,89816 (47%)$100
2017-1820 (71%)$2,36218 (64%)$1001 (4%)$3,50018 (64%)$100
2018-1925 (61%)$2,71325 (61%)$1001 (2%)$20025 (61%)$100
2019-2029 (59%)$2,48327 (55%)$794----
2020-2116 (59%)$2,911------
2021-2230 (63%)$3,897--2 (4%)$3,375--
2022-2318 (50%)$3,266--2 (6%)$4,831--
Average20 (56.78%)$2,64718 (52.33%)$2161 (4.57%)$2,86516 (51.80%)$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, 25 (71.56 % of students) get any students loan help and its average loan amount is $25.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-159 (53%)$2,9928 (47%)$2,5541 (6%)$6,500
2015-1614 (56%)$3,78214 (56%)$3,782--
2016-1721 (62%)$4,52421 (62%)$4,2111 (3%)$6,559
2017-1824 (86%)$4,84823 (82%)$4,1813 (11%)$6,725
2018-1929 (71%)$3,79129 (71%)$3,791--
2019-2038 (78%)$4,22238 (78%)$4,222--
2020-2122 (81%)$4,21922 (81%)$3,7541 (4%)$10,222
2021-2243 (90%)$5,70643 (90%)$5,1035 (10%)$5,184
2022-2324 (67%)$5,47924 (67%)$4,6922 (6%)$9,440
Average25 (71.56%)$4,39625 (70.44%)$4,0322 (6.67%)$7,438

Ratings & Review

Share your experiences and thoughts about Spa Tech Institute-Westboro. It will be a great help to applicants and prospective students!