How Alma'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 Alma College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,383, which is 97.78 % of all undergraduate students. 1,114 students which is 78.67% of undergraduate students received federal student loans and the average loan amount is $7,135.

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	1,410 (99%)	$21,762	409 (29%)	$4,152	1,287 (91%)	$7,818
2014-15	1,362 (98%)	$23,067	424 (30%)	$4,133	1,258 (90%)	$7,493
2015-16	1,336 (96%)	$23,828	400 (29%)	$4,281	1,228 (89%)	$7,417
2016-17	1,392 (96%)	$25,501	423 (29%)	$4,342	1,268 (87%)	$7,134
2017-18	1,388 (97%)	$27,558	444 (31%)	$4,439	1,046 (73%)	$7,110
2018-19	1,406 (98%)	$29,436	449 (31%)	$4,645	1,053 (73%)	$6,867
2019-20	1,421 (99%)	$30,692	400 (28%)	$4,677	1,044 (72%)	$6,832
2020-21	1,412 (98%)	$32,107	357 (25%)	$4,744	973 (68%)	$6,747
2021-22	1,322 (99%)	$33,305	309 (23%)	$4,858	865 (65%)	$6,798
Average	1,383 (97.78%)	$27,473	402 (28.33%)	$4,475	1,114 (78.67%)	$7,135

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

Overview

For the last 10 years, on average, 381 (100.00 % of students) received grants or scholarships and its average amount is $29,198. It can cover 61.56% of tuition & fees ($47,430).

In addition, 317 (83.22 % of students) students get helped from the students loans (average amount : $9,170).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	376 (100%)	$22,805	363 (97%)	$8,151
2014-15	356 (100%)	$24,451	349 (98%)	$8,181
2015-16	336 (100%)	$26,926	319 (95%)	$8,555
2016-17	447 (100%)	$28,481	431 (96%)	$9,328
2017-18	408 (100%)	$29,410	315 (77%)	$9,614
2018-19	404 (100%)	$30,844	317 (78%)	$9,489
2019-20	384 (100%)	$32,045	281 (73%)	$10,033
2020-21	396 (100%)	$33,081	256 (65%)	$9,297
2021-22	319 (100%)	$34,736	222 (70%)	$9,882
Average	381 (100.00%)	$29,198	317 (83.22%)	$9,170

^*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, 120 (31.44 % of students) received Pell (federal) grants and its average amount is $4,586.

In addition, 226 students received State/local government grants/scholarships (59.22 % 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	116 (31%)	$4,153	80 (21%)	$611	229 (61%)	$1,487	376 (100%)	$20,488
2014-15	123 (35%)	$4,247	78 (22%)	$667	238 (67%)	$1,612	356 (100%)	$21,759
2015-16	124 (37%)	$4,743	53 (16%)	$578	225 (67%)	$1,793	336 (100%)	$23,883
2016-17	165 (37%)	$4,308	49 (11%)	$622	301 (67%)	$2,208	447 (100%)	$25,336
2017-18	137 (34%)	$4,552	33 (8%)	$760	260 (64%)	$1,949	408 (100%)	$26,578
2018-19	137 (34%)	$4,786	69 (17%)	$794	244 (60%)	$2,328	404 (100%)	$27,679
2019-20	108 (28%)	$4,631	63 (16%)	$928	201 (52%)	$2,711	384 (100%)	$29,171
2020-21	84 (21%)	$4,729	90 (23%)	$913	182 (46%)	$2,742	396 (100%)	$30,611
2021-22	82 (26%)	$5,123	72 (23%)	$825	155 (49%)	$2,701	319 (100%)	$31,920
Average	120 (31.44%)	$4,586	65 (17.44%)	$744	226 (59.22%)	$2,170	381 (100.00%)	$26,381

^*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, 317 (83.22 % of students) get any students loan help and its average loan amount is $317.

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	363 (97%)	$8,151	363 (97%)	$6,655	46 (12%)	$11,803
2014-15	349 (98%)	$8,181	349 (98%)	$6,100	106 (30%)	$6,851
2015-16	319 (95%)	$8,555	318 (95%)	$6,025	105 (31%)	$7,744
2016-17	431 (96%)	$9,328	430 (96%)	$6,085	110 (25%)	$12,759
2017-18	315 (77%)	$9,614	313 (77%)	$5,841	91 (22%)	$13,187
2018-19	317 (78%)	$9,489	312 (77%)	$5,756	90 (22%)	$13,469
2019-20	281 (73%)	$10,033	275 (72%)	$5,518	100 (26%)	$13,018
2020-21	256 (65%)	$9,297	252 (64%)	$5,671	69 (17%)	$13,784
2021-22	222 (70%)	$9,882	219 (69%)	$5,602	66 (21%)	$14,648
Average	317 (83.22%)	$9,170	315 (82.78%)	$5,917	87 (22.89%)	$11,918

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Scholarships, Grants, and Loan Trends at Alma

All Undergraduate Students Financial Aid Over Time

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