Scholarships, Grants, and Loan Trends at Thomas More College of Liberal Arts

2%

Received Percent Changed

-$1,434

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 86, which is 96.67 % of all undergraduate students. 66 students which is 73.56% of undergraduate students received federal student loans and the average loan amount is $6,643.

For full-time, first-time beginning students (freshmen), 98.11% 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 Thomas More College of Liberal Arts since 2014.

For that period, the average number of students who received grants aid/scholarships is 86, which is 96.67 % of all undergraduate students. 66 students which is 73.56% of undergraduate students received federal student loans and the average loan amount is $6,643.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1589 (96%)$19,56654 (58%)$3,85069 (74%)$6,191
2015-1684 (97%)$14,26938 (44%)$4,45166 (76%)$6,546
2016-1786 (92%)$14,57045 (48%)$4,51668 (73%)$6,467
2017-1887 (97%)$13,63743 (48%)$4,45770 (78%)$7,079
2018-1986 (96%)$19,98035 (39%)$5,15958 (64%)$6,779
2019-2087 (99%)$17,07238 (43%)$4,85853 (60%)$6,467
2020-2179 (99%)$17,66830 (38%)$4,79252 (65%)$6,555
2021-2285 (96%)$20,70234 (38%)$4,73376 (85%)$6,919
2022-2393 (98%)$18,13248 (51%)$4,74083 (87%)$6,782
Average86 (96.67%)$17,28841 (45.22%)$4,61766 (73.56%)$6,643
*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 (98.11 % of students) received grants or scholarships and its average amount is $16,629. It can cover 54.70% of tuition & fees ($30,400).

In addition, 15 (71.67 % of students) students get helped from the students loans (average amount : $5,735).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1521 (100%)$16,51116 (76%)$4,938
2015-1614 (100%)$10,2649 (64%)$6,389
2016-1722 (100%)$13,99017 (77%)$5,456
2017-1813 (100%)$15,99110 (77%)$5,900
2018-1923 (96%)$16,11113 (54%)$5,077
2019-2021 (100%)$17,2368 (38%)$4,656
2020-2120 (100%)$19,04616 (80%)$6,281
2021-2221 (91%)$20,80621 (91%)$7,550
2022-2323 (96%)$19,70321 (88%)$5,369
Average20 (98.11%)$16,62915 (71.67%)$5,735
*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, 9 (42.56 % of students) received Pell (federal) grants and its average amount is $4,549.

In addition, 1 students received State/local government grants/scholarships (5.50 % 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
2014-1512 (57%)$4,1445 (24%)$4801 (5%)$50021 (100%)$14,005
2015-165 (36%)$3,4351 (7%)$5001 (7%)$70014 (100%)$8,952
2016-1712 (55%)$4,4783 (14%)$4671 (5%)$2,85022 (100%)$11,355
2017-185 (38%)$5,5203 (23%)$500--13 (100%)$13,753
2018-197 (29%)$5,8451 (4%)$400--23 (96%)$14,315
2019-2010 (48%)$3,99521 (100%)$9291 (5%)$2,60021 (100%)$14,281
2020-217 (35%)$4,4387 (35%)$250--20 (100%)$17,405
2021-228 (35%)$4,1708 (35%)$308--21 (91%)$19,100
2022-2312 (50%)$4,9189 (38%)$205--23 (96%)$17,057
Average9 (42.56%)$4,5496 (31.11%)$4491 (5.50%)$1,66320 (98.11%)$14,469
*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, 15 (71.67 % of students) get any students loan help and its average loan amount is $15.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1516 (76%)$4,93816 (76%)$4,938--
2015-169 (64%)$6,3899 (64%)$6,389--
2016-1717 (77%)$5,45617 (77%)$5,456--
2017-1810 (77%)$5,90010 (77%)$5,900--
2018-1913 (54%)$5,07713 (54%)$5,077--
2019-208 (38%)$4,6568 (38%)$4,656--
2020-2116 (80%)$6,28116 (80%)$5,1881 (5%)$17,500
2021-2221 (91%)$7,55021 (91%)$5,6905 (22%)$7,811
2022-2321 (88%)$5,36921 (88%)$5,369--
Average15 (71.67%)$5,73515 (71.67%)$5,4073 (13.50%)$12,656

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