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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 Spring Arbor University since 2011.
For that period, the average number of students who received grants aid/scholarships is 1,898, which is 84.00 % of all undergraduate students. 1,556 students which is 68.00% of undergraduate students received federal student loans and the average loan amount is $8,070.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-122,870 (93%)$9,2051,401 (45%)$3,7502,342 (76%)$9,151
2012-132,786 (91%)$9,2901,373 (45%)$3,7552,263 (74%)$9,100
2013-142,684 (90%)$9,3711,349 (45%)$3,7452,232 (75%)$8,109
2014-152,397 (88%)$10,0741,219 (45%)$3,7932,034 (75%)$8,203
2015-162,042 (84%)$11,1351,009 (41%)$3,7861,725 (71%)$8,154
2016-171,810 (82%)$12,684901 (41%)$3,7281,574 (71%)$8,158
2017-181,598 (82%)$13,831777 (40%)$3,7951,351 (69%)$7,914
2018-191,420 (79%)$14,544676 (37%)$3,8211,182 (65%)$7,833
2019-201,254 (78%)$15,275537 (33%)$3,9181,002 (62%)$7,885
2020-211,082 (80%)$16,208415 (31%)$3,963782 (58%)$7,462
2021-22936 (77%)$17,775314 (26%)$4,143632 (52%)$6,801
Average1,898 (84.00%)$12,672906 (39.00%)$3,8361,556 (68.00%)$8,070

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

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 284 (99.73 % of students) received grants or scholarships and its average amount is $18,254. It can cover 56.03% of tuition & fees ($32,580).
In addition, 212 (72.91 % of students) students get helped from the students loans (average amount : $8,004).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12400 (100%)$14,203322 (80%)$10,686
2012-13313 (100%)$15,724248 (79%)$9,829
2013-14364 (99%)$16,019303 (83%)$7,654
2014-15335 (99%)$16,476272 (81%)$7,263
2015-16290 (100%)$18,192215 (74%)$7,837
2016-17304 (100%)$19,040227 (74%)$7,819
2017-18269 (100%)$19,288196 (73%)$7,170
2018-19192 (100%)$20,243128 (67%)$7,895
2019-20217 (100%)$20,124145 (67%)$7,911
2020-21208 (100%)$20,810116 (56%)$6,925
2021-22228 (99%)$20,677158 (68%)$7,050
Average284 (99.73%)$18,254212 (72.91%)$8,004
*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, 111 (37.45 % of students) received Pell (federal) grants and its average amount is $4,191.
In addition, 162 students received State/local government grants/scholarships (54.64 % 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
2011-12181 (45%)$4,234156 (39%)$1,744274 (68%)$1,774400 (100%)$10,391
2012-13152 (49%)$4,282144 (46%)$1,737216 (69%)$1,863312 (100%)$11,597
2013-14177 (48%)$4,174134 (37%)$2,085248 (68%)$1,722364 (99%)$12,048
2014-15144 (43%)$4,088102 (30%)$2,214226 (67%)$1,795335 (99%)$12,834
2015-16117 (40%)$4,098109 (38%)$2,321159 (55%)$2,230289 (100%)$14,493
2016-17114 (37%)$4,137108 (35%)$1,919156 (51%)$1,942304 (100%)$15,810
2017-1893 (35%)$4,00589 (33%)$2,455137 (51%)$1,946269 (100%)$16,100
2018-1959 (31%)$4,24157 (30%)$2,75588 (46%)$2,308192 (100%)$17,063
2019-2062 (29%)$3,93259 (27%)$2,88799 (46%)$2,705216 (100%)$17,060
2020-2159 (28%)$4,37258 (28%)$2,37792 (44%)$2,690208 (100%)$17,717
2021-2262 (27%)$4,53759 (26%)$2,19484 (36%)$2,607228 (99%)$17,915
Average111 (37.45%)$4,19198 (33.55%)$2,244162 (54.64%)$2,144283 (99.73%)$14,821
*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, 212 (72.91 % of students) get any students loan help and its average loan amount is $212.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12322 (80%)$10,686322 (80%)$9,65733 (8%)$10,045
2012-13248 (79%)$9,829247 (79%)$8,45837 (12%)$9,420
2013-14303 (83%)$7,654303 (83%)$6,56741 (11%)$8,031
2014-15272 (81%)$7,263271 (80%)$6,12934 (10%)$9,248
2015-16215 (74%)$7,837213 (73%)$6,42034 (12%)$9,340
2016-17227 (74%)$7,819224 (73%)$6,45834 (11%)$9,653
2017-18196 (73%)$7,170195 (72%)$5,48336 (13%)$9,334
2018-19128 (67%)$7,895127 (66%)$5,41029 (15%)$11,156
2019-20145 (67%)$7,911144 (66%)$5,45333 (15%)$10,965
2020-21116 (56%)$6,925112 (54%)$5,34819 (9%)$10,753
2021-22158 (68%)$7,050155 (67%)$5,38322 (10%)$12,705
Average212 (72.91%)$8,004210 (72.09%)$6,43332 (11.45%)$10,059

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