Scholarships, Grants, and Loan Trends at Providence

-7%

Received Percent Changed

$6,874

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 601, which is 70.56 % of all undergraduate students. 351 students which is 41.78% of undergraduate students received federal student loans and the average loan amount is $8,444.

For full-time, first-time beginning students (freshmen), 98.44% of students received grants or scholarships and 66% 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 Providence since 2014.

For that period, the average number of students who received grants aid/scholarships is 601, which is 70.56 % of all undergraduate students. 351 students which is 41.78% of undergraduate students received federal student loans and the average loan amount is $8,444.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15859 (82%)$10,609346 (33%)$4,228486 (47%)$8,661
2015-16843 (80%)$10,975299 (28%)$4,437445 (42%)$8,174
2016-17676 (77%)$11,934233 (26%)$4,386345 (39%)$8,342
2017-18622 (67%)$12,947236 (25%)$4,372307 (33%)$8,893
2018-19513 (59%)$15,404232 (26%)$4,612340 (39%)$8,344
2019-20504 (64%)$15,423230 (29%)$4,525338 (43%)$8,397
2020-21471 (60%)$14,847194 (25%)$4,674309 (39%)$8,542
2021-22474 (71%)$15,673200 (30%)$5,223318 (48%)$8,260
2022-23447 (75%)$17,483184 (31%)$5,333271 (46%)$8,384
Average601 (70.56%)$13,922239 (28.11%)$4,643351 (41.78%)$8,444
*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, 110 (98.44 % of students) received grants or scholarships and its average amount is $17,053. It can cover 56.01% of tuition & fees ($30,448).

In addition, 74 (65.67 % of students) students get helped from the students loans (average amount : $8,942).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15150 (100%)$15,231108 (72%)$9,241
2015-16160 (98%)$14,622103 (63%)$8,784
2016-1792 (99%)$15,30156 (60%)$8,987
2017-1892 (100%)$17,20754 (59%)$8,919
2018-19134 (99%)$16,16499 (73%)$10,553
2019-2098 (98%)$15,77972 (72%)$10,135
2020-2181 (98%)$18,42457 (69%)$7,963
2021-2293 (97%)$18,81560 (63%)$7,838
2022-2394 (97%)$21,93558 (60%)$8,058
Average110 (98.44%)$17,05374 (65.67%)$8,942
*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, 43 (38.33 % of students) received Pell (federal) grants and its average amount is $4,642.

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
2014-1580 (53%)$4,25622 (15%)$1,593--149 (99%)$12,813
2015-1656 (34%)$4,77016 (10%)$1,356--160 (98%)$12,817
2016-1738 (41%)$4,17816 (17%)$4,306--89 (96%)$13,259
2017-1836 (39%)$4,47218 (20%)$4,353--92 (100%)$14,606
2018-1941 (30%)$4,56914 (10%)$2,910--134 (99%)$14,462
2019-2037 (37%)$4,42010 (10%)$1,559--98 (98%)$13,952
2020-2132 (39%)$4,4858 (10%)$1,043--78 (94%)$17,186
2021-2232 (33%)$5,21813 (14%)$2,181--91 (95%)$17,082
2022-2338 (39%)$5,4109 (9%)$1,278--94 (97%)$19,625
Average43 (38.33%)$4,64214 (12.78%)$2,287--109 (97.33%)$15,089
*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, 74 (65.67 % of students) get any students loan help and its average loan amount is $74.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15108 (72%)$9,241106 (71%)$8,02512 (8%)$12,290
2015-16103 (63%)$8,784102 (63%)$7,43014 (9%)$10,492
2016-1756 (60%)$8,98756 (60%)$7,6489 (10%)$8,332
2017-1854 (59%)$8,91954 (59%)$7,9745 (5%)$10,211
2018-1999 (73%)$10,55398 (72%)$7,94321 (15%)$12,685
2019-2072 (72%)$10,13570 (70%)$7,87214 (14%)$12,762
2020-2157 (69%)$7,96357 (69%)$7,3513 (4%)$11,625
2021-2260 (63%)$7,83860 (63%)$7,1553 (3%)$13,658
2022-2358 (60%)$8,05856 (58%)$6,4068 (8%)$13,577
Average74 (65.67%)$8,94273 (65.00%)$7,53410 (8.44%)$11,737

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