Scholarships, Grants, and Loan Trends at SRC

25%

Received Percent Changed

-$1,215

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 955, which is 67.67 % of all undergraduate students. 236 students which is 15.89% of undergraduate students received federal student loans and the average loan amount is $4,724.

For full-time, first-time beginning students (freshmen), 84.33% of students received grants or scholarships and 27% 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 Spoon River College since 2014.

For that period, the average number of students who received grants aid/scholarships is 955, which is 67.67 % of all undergraduate students. 236 students which is 15.89% of undergraduate students received federal student loans and the average loan amount is $4,724.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15936 (56%)$4,784623 (37%)$3,929308 (18%)$4,941
2015-16937 (56%)$4,176648 (39%)$4,034321 (19%)$5,380
2016-17906 (58%)$4,178631 (40%)$3,959341 (22%)$4,904
2017-18902 (61%)$4,401577 (39%)$4,298287 (19%)$4,852
2018-19867 (60%)$4,556544 (38%)$4,462252 (18%)$4,959
2019-20836 (60%)$4,865520 (38%)$4,428235 (17%)$4,339
2020-211,225 (99%)$2,986421 (34%)$4,399167 (13%)$4,566
2021-22995 (78%)$5,362385 (30%)$4,553127 (10%)$4,369
2022-23987 (81%)$3,569363 (30%)$4,53390 (7%)$4,204
Average955 (67.67%)$4,320524 (36.11%)$4,288236 (15.89%)$4,724
*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, 150 (84.33 % of students) received grants or scholarships and its average amount is $5,654. It can cover 41.88% of tuition & fees ($13,500) based on out-of-state rate.

In addition, 50 (27.11 % of students) students get helped from the students loans (average amount : $4,700).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15242 (86%)$4,55070 (25%)$4,774
2015-16256 (85%)$4,42191 (30%)$5,223
2016-17164 (78%)$5,47190 (43%)$4,578
2017-18132 (77%)$5,95547 (27%)$4,374
2018-19105 (80%)$5,54741 (31%)$5,017
2019-20108 (78%)$6,04546 (33%)$4,825
2020-21105 (88%)$5,55225 (21%)$4,576
2021-22123 (98%)$6,13023 (18%)$4,698
2022-23118 (89%)$7,21421 (16%)$4,238
Average150 (84.33%)$5,65450 (27.11%)$4,700
*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, 108 (59.67 % of students) received Pell (federal) grants and its average amount is $4,972.

In addition, 72 students received State/local government grants/scholarships (41.78 % 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
2014-15179 (63%)$4,54628 (10%)$836108 (38%)$1,71772 (25%)$1,089
2015-16181 (60%)$4,49024 (8%)$82798 (33%)$1,79587 (29%)$1,416
2016-17140 (67%)$4,66026 (12%)$1,02986 (41%)$1,60950 (24%)$1,595
2017-18104 (60%)$5,29515 (9%)$59569 (40%)$2,09453 (31%)$1,545
2018-1980 (61%)$5,10516 (12%)$90644 (34%)$1,89342 (32%)$1,814
2019-2079 (57%)$5,17721 (15%)$51171 (51%)$2,26945 (33%)$1,602
2020-2168 (57%)$5,22051 (43%)$62349 (41%)$1,77045 (38%)$2,432
2021-2263 (50%)$4,754114 (90%)$2,23654 (43%)$1,87955 (44%)$1,784
2022-2382 (62%)$5,50125 (19%)$67772 (55%)$3,42265 (49%)$2,105
Average108 (59.67%)$4,97236 (24.22%)$91672 (41.78%)$2,05057 (33.89%)$1,709
*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, 50 (27.11 % of students) get any students loan help and its average loan amount is $50.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1570 (25%)$4,77468 (24%)$4,5964 (1%)$5,412
2015-1691 (30%)$5,22385 (28%)$4,9139 (3%)$6,409
2016-1790 (43%)$4,57886 (41%)$4,5484 (2%)$5,222
2017-1847 (27%)$4,37441 (24%)$4,1187 (4%)$5,254
2018-1941 (31%)$5,01740 (31%)$5,0551 (1%)$3,500
2019-2046 (33%)$4,82541 (30%)$4,2865 (4%)$9,247
2020-2125 (21%)$4,57622 (18%)$4,2953 (3%)$6,629
2021-2223 (18%)$4,69823 (18%)$4,3591 (1%)$7,800
2022-2321 (16%)$4,23818 (14%)$3,9333 (2%)$6,067
Average50 (27.11%)$4,70047 (25.33%)$4,4564 (2.33%)$6,171

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