Scholarships, Grants, and Loan Trends at COLLECTIV Academy-Worcester

-7%

Received Percent Changed

$505

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 168, which is 52.67 % of all undergraduate students. 247 students which is 77.11% of undergraduate students received federal student loans and the average loan amount is $6,116.

For full-time, first-time beginning students (freshmen), 57.33% of students received grants or scholarships and 84% 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 COLLECTIV Academy-Worcester since 2014.

For that period, the average number of students who received grants aid/scholarships is 168, which is 52.67 % of all undergraduate students. 247 students which is 77.11% of undergraduate students received federal student loans and the average loan amount is $6,116.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15138 (55%)$4,338137 (55%)$4,154201 (81%)$6,708
2015-16145 (58%)$4,562144 (58%)$4,310197 (79%)$6,555
2016-17148 (60%)$3,762148 (60%)$3,717217 (89%)$6,363
2017-18192 (56%)$3,807190 (56%)$3,721263 (77%)$6,591
2018-19196 (53%)$4,516193 (52%)$4,361284 (76%)$6,213
2019-20179 (49%)$4,797178 (49%)$4,361261 (72%)$5,536
2020-21188 (48%)$4,795185 (48%)$4,427276 (71%)$5,974
2021-22168 (47%)$4,745168 (47%)$4,497262 (73%)$5,907
2022-23162 (48%)$4,843159 (47%)$4,540258 (76%)$5,197
Average168 (52.67%)$4,463167 (52.44%)$4,232247 (77.11%)$6,116
*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, 55 (57.33 % of students) received grants or scholarships and its average amount is $5,274. It can cover 35.00% of tuition & fees ($15,070).

In addition, 82 (84.11 % of students) students get helped from the students loans (average amount : $7,783).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1553 (65%)$4,98076 (93%)$8,242
2015-1668 (63%)$4,78694 (87%)$7,830
2016-1771 (55%)$4,702109 (84%)$7,805
2017-1874 (57%)$4,274107 (82%)$8,812
2018-1964 (57%)$5,173100 (88%)$7,745
2019-2034 (61%)$5,70845 (80%)$7,936
2020-2140 (49%)$5,97664 (79%)$7,716
2021-2238 (58%)$6,10451 (77%)$7,198
2022-2352 (51%)$5,76489 (87%)$6,766
Average55 (57.33%)$5,27482 (84.11%)$7,783
*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, 55 (57.33 % of students) received Pell (federal) grants and its average amount is $5,163.

In addition, 22 students received State/local government grants/scholarships (27.33 % 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
2014-1553 (65%)$4,980------
2015-1668 (63%)$4,786------
2016-1771 (55%)$4,702------
2017-1874 (57%)$4,274------
2018-1964 (57%)$5,173------
2019-2034 (61%)$5,708------
2020-2140 (49%)$5,726--27 (33%)$370--
2021-2238 (58%)$5,644--22 (33%)$795--
2022-2352 (51%)$5,478--16 (16%)$931--
Average55 (57.33%)$5,163--22 (27.33%)$699--
*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, 82 (84.11 % of students) get any students loan help and its average loan amount is $82.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1576 (93%)$8,24276 (93%)$8,242--
2015-1694 (87%)$7,83094 (87%)$7,830--
2016-17109 (84%)$7,805109 (84%)$7,805--
2017-18107 (82%)$8,812107 (82%)$8,812--
2018-19100 (88%)$7,745100 (88%)$7,745--
2019-2045 (80%)$7,93645 (80%)$7,936--
2020-2164 (79%)$7,71664 (79%)$7,716--
2021-2251 (77%)$7,19851 (77%)$7,198--
2022-2389 (87%)$6,76689 (87%)$6,766--
Average82 (84.11%)$7,78382 (84.11%)$7,783--

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