Scholarships, Grants, and Loan Trends at Taylor

-4%

Received Percent Changed

$10,483

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,780, which is 84.56 % of all undergraduate students. 867 students which is 41.22% of undergraduate students received federal student loans and the average loan amount is $6,316.

For full-time, first-time beginning students (freshmen), 98.44% of students received grants or scholarships and 48% 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 Taylor University since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,780, which is 84.56 % of all undergraduate students. 867 students which is 41.22% of undergraduate students received federal student loans and the average loan amount is $6,316.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,771 (84%)$14,546370 (18%)$4,074959 (46%)$6,732
2015-161,821 (86%)$15,771380 (18%)$3,990984 (46%)$6,723
2016-171,796 (84%)$17,066354 (17%)$4,066927 (44%)$6,770
2017-181,809 (86%)$18,931381 (18%)$4,307914 (43%)$6,552
2018-191,855 (86%)$20,363365 (17%)$4,430908 (42%)$6,076
2019-201,802 (84%)$21,899366 (17%)$4,474894 (42%)$5,986
2020-211,739 (84%)$23,577298 (14%)$4,670792 (38%)$6,001
2021-221,685 (87%)$23,455278 (14%)$4,851710 (37%)$6,017
2022-231,742 (80%)$25,029287 (13%)$4,739713 (33%)$5,990
Average1,780 (84.56%)$20,071342 (16.22%)$4,400867 (41.22%)$6,316
*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, 463 (98.44 % of students) received grants or scholarships and its average amount is $20,452. It can cover 50.51% of tuition & fees ($40,490).

In addition, 227 (48.22 % of students) students get helped from the students loans (average amount : $7,214).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15431 (100%)$14,226234 (54%)$7,192
2015-16515 (99%)$16,489272 (52%)$7,117
2016-17464 (98%)$17,726240 (51%)$7,475
2017-18437 (98%)$19,838220 (49%)$6,410
2018-19523 (98%)$20,488267 (50%)$7,222
2019-20487 (99%)$22,688263 (54%)$7,153
2020-21400 (96%)$23,084181 (44%)$7,370
2021-22390 (98%)$23,303165 (41%)$7,530
2022-23519 (100%)$26,229203 (39%)$7,453
Average463 (98.44%)$20,452227 (48.22%)$7,214
*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, 91 (19.44 % of students) received Pell (federal) grants and its average amount is $4,351.

In addition, 60 students received State/local government grants/scholarships (12.78 % 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
2014-1587 (20%)$3,92819 (4%)$3,89536 (8%)$5,398431 (100%)$12,810
2015-1698 (19%)$4,09752 (10%)$1,47156 (11%)$6,221513 (99%)$14,942
2016-1793 (20%)$4,06349 (10%)$1,90247 (10%)$5,664463 (98%)$16,172
2017-18100 (22%)$4,27734 (8%)$1,86076 (17%)$6,956437 (98%)$17,505
2018-19108 (20%)$4,30548 (9%)$1,97980 (15%)$6,389522 (98%)$18,476
2019-20108 (22%)$4,57689 (18%)$1,19780 (16%)$7,060487 (99%)$20,295
2020-2165 (16%)$4,581387 (93%)$83850 (12%)$6,876399 (96%)$20,721
2021-2271 (18%)$4,84327 (7%)$2,63056 (14%)$7,481390 (98%)$21,165
2022-2391 (18%)$4,48641 (8%)$2,48760 (12%)$6,943519 (100%)$24,443
Average91 (19.44%)$4,35183 (18.56%)$2,02960 (12.78%)$6,554462 (98.44%)$18,503
*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, 227 (48.22 % of students) get any students loan help and its average loan amount is $227.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15234 (54%)$7,192234 (54%)$6,27517 (4%)$12,625
2015-16272 (52%)$7,117270 (52%)$6,13823 (4%)$12,109
2016-17240 (51%)$7,475238 (50%)$6,10722 (5%)$15,475
2017-18220 (49%)$6,410219 (49%)$5,66013 (3%)$13,138
2018-19267 (50%)$7,222263 (50%)$5,072153 (29%)$3,886
2019-20263 (54%)$7,153259 (53%)$5,061145 (30%)$3,934
2020-21181 (44%)$7,370179 (43%)$4,98895 (23%)$4,642
2021-22165 (41%)$7,530159 (40%)$5,00181 (20%)$5,521
2022-23203 (39%)$7,453201 (39%)$5,08482 (16%)$5,987
Average227 (48.22%)$7,214225 (47.78%)$5,48770 (14.89%)$8,591

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