Scholarships, Grants, and Loan Trends at UMass Amherst

3%

Received Percent Changed

$3,377

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 17,271, which is 73.22 % of all undergraduate students. 12,480 students which is 53.00% of undergraduate students received federal student loans and the average loan amount is $6,623.

For full-time, first-time beginning students (freshmen), 81.78% of students received grants or scholarships and 53% 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 University of Massachusetts-Amherst since 2014.

For that period, the average number of students who received grants aid/scholarships is 17,271, which is 73.22 % of all undergraduate students. 12,480 students which is 53.00% of undergraduate students received federal student loans and the average loan amount is $6,623.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1515,447 (69%)$8,5925,270 (24%)$4,11813,202 (59%)$6,768
2015-1616,068 (71%)$8,8495,111 (22%)$4,15412,996 (57%)$6,770
2016-1716,623 (71%)$9,1595,258 (22%)$4,18613,224 (57%)$6,910
2017-1817,087 (73%)$9,7575,624 (24%)$4,32613,099 (56%)$6,759
2018-1917,228 (73%)$9,7685,406 (23%)$4,42012,713 (54%)$6,636
2019-2017,568 (73%)$10,1265,417 (22%)$4,49912,835 (53%)$6,514
2020-2119,437 (80%)$9,7345,100 (21%)$4,61810,941 (45%)$6,373
2021-2218,539 (77%)$11,6365,041 (21%)$4,64011,626 (48%)$6,433
2022-2317,446 (72%)$11,9694,950 (20%)$4,93511,682 (48%)$6,446
Average17,271 (73.22%)$9,9545,242 (22.11%)$4,43312,480 (53.00%)$6,623
*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, 4,073 (81.78 % of students) received grants or scholarships and its average amount is $10,150. It can cover 25.09% of tuition & fees ($40,449) based on out-of-state rate.

In addition, 2,634 (52.78 % of students) students get helped from the students loans (average amount : $8,126).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-153,800 (81%)$8,4562,815 (60%)$7,801
2015-163,918 (84%)$8,5722,590 (55%)$7,657
2016-173,742 (80%)$8,8672,656 (57%)$8,000
2017-183,901 (82%)$9,6942,712 (57%)$8,147
2018-194,109 (82%)$9,5172,628 (52%)$8,111
2019-204,615 (81%)$10,8923,064 (53%)$8,157
2020-214,311 (86%)$10,6622,032 (41%)$7,550
2021-224,104 (85%)$12,3502,475 (51%)$8,481
2022-234,161 (75%)$12,3432,730 (49%)$9,229
Average4,073 (81.78%)$10,1502,634 (52.78%)$8,126
*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, 1,017 (20.44 % of students) received Pell (federal) grants and its average amount is $4,684.

In addition, 1,375 students received State/local government grants/scholarships (28.11 % 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
2014-15979 (21%)$4,306715 (15%)$4452,535 (54%)$2,4032,937 (63%)$7,322
2015-16882 (19%)$4,265788 (17%)$6372,572 (55%)$2,1303,058 (65%)$7,797
2016-171,005 (22%)$4,428844 (18%)$4701,052 (23%)$1,5573,738 (80%)$7,142
2017-181,045 (22%)$4,609928 (20%)$4111,085 (23%)$1,7933,898 (82%)$7,869
2018-19989 (20%)$4,641815 (16%)$400857 (17%)$2,2924,107 (82%)$7,847
2019-201,214 (21%)$4,8342,047 (36%)$1,4111,291 (23%)$2,3204,609 (80%)$8,357
2020-211,010 (20%)$4,9462,540 (51%)$8091,059 (21%)$2,3663,963 (79%)$9,187
2021-221,007 (21%)$4,9452,348 (48%)$2,084868 (18%)$2,7023,940 (81%)$9,763
2022-231,022 (18%)$5,179965 (17%)$8761,056 (19%)$2,6904,149 (74%)$10,214
Average1,017 (20.44%)$4,6841,332 (26.44%)$8381,375 (28.11%)$2,2503,822 (76.22%)$8,389
*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, 2,634 (52.78 % of students) get any students loan help and its average loan amount is $2,634.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-152,815 (60%)$7,8012,779 (59%)$5,629419 (9%)$15,077
2015-162,590 (55%)$7,6572,549 (54%)$5,374379 (8%)$16,183
2016-172,656 (57%)$8,0002,610 (56%)$5,755393 (8%)$15,848
2017-182,712 (57%)$8,1472,672 (56%)$5,516452 (10%)$16,273
2018-192,628 (52%)$8,1112,596 (52%)$5,345416 (8%)$17,887
2019-203,064 (53%)$8,1573,000 (52%)$5,274503 (9%)$18,231
2020-212,032 (41%)$7,5501,941 (39%)$5,123339 (7%)$15,924
2021-222,475 (51%)$8,4812,425 (50%)$5,286416 (9%)$19,644
2022-232,730 (49%)$9,2292,642 (47%)$5,299516 (9%)$21,699
Average2,634 (52.78%)$8,1262,579 (51.67%)$5,400426 (8.56%)$17,418

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