Scholarships, Grants, and Loan Trends at Albany College of Pharmacy and Health Sciences

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 829, which is 94.56 % of all undergraduate students. 697 students which is 78.56% of undergraduate students received federal student loans and the average loan amount is $7,333.
For full-time, first-time beginning students (freshmen), 99.11% of students received grants or scholarships and 80% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Albany College of Pharmacy and Health Sciences since 2013.
For that period, the average number of students who received grants aid/scholarships is 829, which is 94.56 % of all undergraduate students. 697 students which is 78.56% of undergraduate students received federal student loans and the average loan amount is $7,333.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14934 (87%)$10,427248 (23%)$4,095879 (82%)$7,344
2014-15935 (86%)$10,568261 (24%)$4,165877 (81%)$7,324
2015-16951 (94%)$11,813247 (24%)$4,226795 (79%)$7,258
2016-17862 (96%)$22,587225 (25%)$4,350721 (80%)$7,404
2017-18854 (96%)$13,497240 (27%)$4,647784 (88%)$6,552
2018-19849 (99%)$14,066232 (27%)$4,600644 (75%)$7,341
2019-20771 (97%)$17,114211 (27%)$4,836591 (74%)$7,635
2020-21675 (98%)$16,722180 (26%)$5,214506 (74%)$7,672
2021-22633 (98%)$18,675184 (28%)$5,141476 (74%)$7,465
Average829 (94.56%)$15,052225 (25.67%)$4,586697 (78.56%)$7,333

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 175 (99.11 % of students) received grants or scholarships and its average amount is $16,952. It can cover 42.35% of tuition & fees ($40,025).
In addition, 144 (80.44 % of students) students get helped from the students loans (average amount : $11,931).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14231 (95%)$11,933199 (82%)$12,605
2014-15212 (98%)$12,633176 (81%)$13,065
2015-16188 (99%)$14,655153 (81%)$13,616
2016-17153 (100%)$15,226124 (81%)$11,678
2017-18185 (100%)$17,481155 (84%)$11,346
2018-19191 (100%)$18,217176 (92%)$9,001
2019-20185 (100%)$19,876141 (76%)$12,256
2020-21117 (100%)$20,95684 (72%)$12,146
2021-22115 (100%)$21,59386 (75%)$11,669
Average175 (99.11%)$16,952144 (80.44%)$11,931
*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, 52 (29.56 % of students) received Pell (federal) grants and its average amount is $4,500.
In addition, 79 students received State/local government grants/scholarships (43.89 % 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
2013-1463 (26%)$4,03855 (23%)$1,092109 (45%)$2,014223 (92%)$9,966
2014-1560 (28%)$4,19155 (25%)$99793 (43%)$2,245206 (95%)$10,501
2015-1648 (25%)$3,48942 (22%)$94688 (47%)$2,049188 (99%)$12,593
2016-1743 (28%)$4,53342 (27%)$1,27678 (51%)$3,322153 (100%)$11,908
2017-1864 (35%)$4,67242 (23%)$1,27790 (49%)$3,997185 (100%)$13,631
2018-1957 (30%)$4,66848 (25%)$1,32589 (47%)$2,881191 (100%)$15,149
2019-2057 (31%)$4,916165 (89%)$86685 (46%)$3,864185 (100%)$15,813
2020-2137 (32%)$4,76330 (26%)$2,04848 (41%)$3,336117 (100%)$17,556
2021-2236 (31%)$5,22931 (27%)$2,27730 (26%)$4,326115 (100%)$18,214
Average52 (29.56%)$4,50057 (31.89%)$1,34579 (43.89%)$3,115174 (98.44%)$13,926
*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, 144 (80.44 % of students) get any students loan help and its average loan amount is $144.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14199 (82%)$12,605198 (81%)$5,82674 (30%)$18,309
2014-15176 (81%)$13,065171 (79%)$5,57067 (31%)$20,103
2015-16153 (81%)$13,616149 (79%)$5,33369 (37%)$18,677
2016-17124 (81%)$11,678124 (81%)$5,30843 (28%)$18,369
2017-18155 (84%)$11,346145 (78%)$5,41087 (47%)$11,199
2018-19176 (92%)$9,001143 (75%)$4,85147 (25%)$18,946
2019-20141 (76%)$12,256135 (73%)$5,09951 (28%)$20,388
2020-2184 (72%)$12,14684 (72%)$5,08334 (29%)$17,450
2021-2286 (75%)$11,66984 (73%)$5,35628 (24%)$19,772
Average144 (80.44%)$11,931137 (76.78%)$5,31556 (31.00%)$18,135
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