Scholarships, Grants, and Loan Trends at Stevens-The Institute of Business & Arts

10%

Received Percent Changed

$1,793

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 88, which is 74.89 % of all undergraduate students. 103 students which is 86.56% of undergraduate students received federal student loans and the average loan amount is $8,644.

For full-time, first-time beginning students (freshmen), 78.67% of students received grants or scholarships and 75% 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 Stevens-The Institute of Business & Arts since 2014.

For that period, the average number of students who received grants aid/scholarships is 88, which is 74.89 % of all undergraduate students. 103 students which is 86.56% of undergraduate students received federal student loans and the average loan amount is $8,644.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1597 (68%)$3,23594 (66%)$2,880127 (89%)$5,910
2015-1697 (76%)$4,24091 (72%)$4,183117 (92%)$8,389
2016-1799 (75%)$4,71896 (73%)$4,163122 (92%)$9,005
2017-1888 (73%)$4,75882 (68%)$4,588105 (87%)$9,425
2018-1997 (80%)$4,74489 (73%)$4,827104 (85%)$7,783
2019-2094 (77%)$6,19388 (72%)$5,395104 (85%)$10,154
2020-2180 (73%)$6,45178 (72%)$5,46191 (83%)$10,479
2021-2272 (74%)$4,79970 (72%)$4,24582 (85%)$8,472
2022-2369 (78%)$5,02867 (76%)$4,24271 (81%)$8,183
Average88 (74.89%)$4,90784 (71.56%)$4,443103 (86.56%)$8,644
*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, 5 (78.67 % of students) received grants or scholarships and its average amount is $5,351. It can cover 37.34% of tuition & fees ($14,332).

In addition, 5 (75.11 % of students) students get helped from the students loans (average amount : $7,734).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-152 (50%)$4,0553 (75%)$8,082
2015-166 (86%)$5,0426 (86%)$8,587
2016-173 (60%)$4,7533 (60%)$8,802
2017-183 (60%)$4,3532 (40%)$5,443
2018-196 (86%)$4,6556 (86%)$5,015
2019-206 (75%)$4,8137 (88%)$8,169
2020-2110 (91%)$6,44910 (91%)$9,210
2021-223 (100%)$6,5683 (100%)$7,390
2022-232 (100%)$7,4701 (50%)$8,907
Average5 (78.67%)$5,3515 (75.11%)$7,734
*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, 5 (78.67 % of students) received Pell (federal) grants and its average amount is $5,351.

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
2014-152 (50%)$4,055------
2015-166 (86%)$5,042------
2016-173 (60%)$4,753------
2017-183 (60%)$4,353------
2018-196 (86%)$4,655------
2019-206 (75%)$4,813------
2020-2110 (91%)$6,449------
2021-223 (100%)$6,568------
2022-232 (100%)$7,470------
Average5 (78.67%)$5,351------
*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, 5 (75.11 % of students) get any students loan help and its average loan amount is $5.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-153 (75%)$8,0823 (75%)$8,082--
2015-166 (86%)$8,5876 (86%)$8,587--
2016-173 (60%)$8,8023 (60%)$8,802--
2017-182 (40%)$5,4432 (40%)$5,443--
2018-196 (86%)$5,0156 (86%)$5,015--
2019-207 (88%)$8,1697 (88%)$8,169--
2020-2110 (91%)$9,21010 (91%)$9,210--
2021-223 (100%)$7,3903 (100%)$7,390--
2022-231 (50%)$8,9071 (50%)$8,907--
Average5 (75.11%)$7,7345 (75.11%)$7,734--

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