How Alcorn State's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Alcorn State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,565, which is 86.89 % of all undergraduate students. 2,220 students which is 75.11% of undergraduate students received federal student loans and the average loan amount is $8,076.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,725 (86%)	$7,668	2,414 (76%)	$4,877	2,659 (84%)	$8,618
2014-15	2,594 (86%)	$8,106	2,303 (77%)	$4,844	2,459 (82%)	$8,421
2015-16	2,465 (85%)	$8,038	2,160 (74%)	$5,052	2,301 (79%)	$7,914
2016-17	2,512 (89%)	$9,696	2,132 (75%)	$4,877	2,207 (78%)	$8,390
2017-18	2,827 (89%)	$11,041	2,463 (78%)	$5,912	2,320 (73%)	$8,224
2018-19	2,656 (84%)	$9,430	2,323 (73%)	$5,494	2,306 (73%)	$7,341
2019-20	2,680 (87%)	$10,737	2,386 (78%)	$5,226	2,145 (70%)	$8,274
2020-21	2,302 (84%)	$10,458	1,897 (70%)	$6,401	1,824 (67%)	$8,046
2021-22	2,321 (92%)	$10,075	1,803 (72%)	$5,922	1,756 (70%)	$7,455
Average	2,565 (86.89%)	$9,472	2,209 (74.78%)	$5,401	2,220 (75.11%)	$8,076

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

Overview

For the last 10 years, on average, 483 (91.67 % of students) received grants or scholarships and its average amount is $9,649. It can cover 112.87% of tuition & fees ($8,549) based on out-of-state rate.

In addition, 415 (77.78 % of students) students get helped from the students loans (average amount : $6,835).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	442 (81%)	$8,423	393 (72%)	$7,210
2014-15	419 (85%)	$9,005	361 (73%)	$7,168
2015-16	508 (86%)	$7,889	472 (80%)	$6,406
2016-17	525 (100%)	$10,327	404 (77%)	$8,779
2017-18	630 (86%)	$13,786	630 (86%)	$6,739
2018-19	530 (88%)	$9,738	412 (69%)	$6,099
2019-20	512 (100%)	$8,907	478 (93%)	$6,816
2020-21	386 (99%)	$8,381	299 (77%)	$6,255
2021-22	393 (100%)	$10,386	287 (73%)	$6,039
Average	483 (91.67%)	$9,649	415 (77.78%)	$6,835

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 417 (78.33 % of students) received Pell (federal) grants and its average amount is $5,309.

In addition, 79 students received State/local government grants/scholarships (15.00 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	386 (71%)	$4,944	140 (26%)	$1,640	55 (10%)	$1,251	200 (37%)	$7,580
2014-15	366 (74%)	$4,844	239 (48%)	$711	55 (11%)	$1,251	193 (39%)	$9,128
2015-16	436 (74%)	$4,997	195 (33%)	$1,461	66 (11%)	$2,288	184 (31%)	$7,572
2016-17	417 (79%)	$4,913	525 (100%)	$665	99 (19%)	$2,808	339 (65%)	$8,099
2017-18	630 (86%)	$5,890	287 (39%)	$1,010	114 (16%)	$2,531	454 (62%)	$9,683
2018-19	421 (70%)	$5,323	162 (27%)	$1,544	96 (16%)	$2,991	282 (47%)	$8,450
2019-20	472 (92%)	$5,820	296 (58%)	$1,111	88 (17%)	$2,970	248 (48%)	$4,932
2020-21	311 (80%)	$5,382	183 (47%)	$4,313	33 (8%)	$2,660	129 (33%)	$5,304
2021-22	313 (79%)	$5,671	156 (40%)	$1,362	108 (27%)	$2,218	296 (75%)	$6,265
Average	417 (78.33%)	$5,309	243 (46.44%)	$1,535	79 (15.00%)	$2,330	258 (48.56%)	$7,446

^*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..

Student Loans

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, 415 (77.78 % of students) get any students loan help and its average loan amount is $415.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	393 (72%)	$7,210	393 (72%)	$7,210	-	-
2014-15	361 (73%)	$7,168	361 (73%)	$7,168	-	-
2015-16	472 (80%)	$6,406	472 (80%)	$6,406	-	-
2016-17	404 (77%)	$8,779	404 (77%)	$8,779	-	-
2017-18	630 (86%)	$6,739	630 (86%)	$6,739	-	-
2018-19	412 (69%)	$6,099	412 (69%)	$6,099	-	-
2019-20	478 (93%)	$6,816	478 (93%)	$6,816	-	-
2020-21	299 (77%)	$6,255	299 (77%)	$6,255	-	-
2021-22	287 (73%)	$6,039	287 (73%)	$6,039	-	-
Average	415 (77.78%)	$6,835	415 (77.78%)	$6,835	-	-

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Scholarships, Grants, and Loan Trends at Alcorn State

All Undergraduate Students Financial Aid Over Time

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