How Alvernia'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 Alvernia University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,911, which is 86.22 % of all undergraduate students. 1,819 students which is 81.89% of undergraduate students received federal student loans and the average loan amount is $8,299.

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	2,024 (85%)	$11,820	829 (35%)	$4,031	1,885 (80%)	$7,403
2014-15	2,116 (87%)	$11,908	972 (40%)	$3,989	2,014 (82%)	$7,482
2015-16	2,066 (95%)	$12,796	884 (41%)	$3,999	1,943 (89%)	$6,997
2016-17	1,966 (85%)	$13,953	846 (36%)	$3,782	1,865 (80%)	$10,115
2017-18	1,897 (84%)	$15,096	830 (37%)	$4,057	1,784 (79%)	$9,834
2018-19	1,887 (86%)	$16,549	861 (39%)	$5,184	1,803 (82%)	$10,218
2019-20	1,817 (86%)	$18,202	733 (35%)	$4,633	1,742 (82%)	$10,302
2020-21	1,739 (85%)	$20,131	722 (35%)	$4,362	1,685 (82%)	$6,213
2021-22	1,684 (83%)	$24,174	645 (32%)	$4,553	1,647 (81%)	$6,131
Average	1,911 (86.22%)	$16,070	814 (36.67%)	$4,288	1,819 (81.89%)	$8,299

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

Overview

For the last 10 years, on average, 393 (98.67 % of students) received grants or scholarships and its average amount is $20,402. It can cover 47.66% of tuition & fees ($42,810).

In addition, 370 (93.11 % of students) students get helped from the students loans (average amount : $9,070).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	383 (98%)	$13,733	341 (88%)	$9,350
2014-15	374 (99%)	$17,641	341 (91%)	$9,817
2015-16	390 (97%)	$18,903	333 (83%)	$10,005
2016-17	345 (100%)	$18,030	327 (95%)	$9,137
2017-18	369 (99%)	$19,687	361 (97%)	$8,314
2018-19	433 (100%)	$20,992	425 (98%)	$8,710
2019-20	399 (100%)	$22,811	387 (97%)	$9,695
2020-21	439 (95%)	$26,065	431 (94%)	$8,527
2021-22	401 (100%)	$25,757	380 (95%)	$8,074
Average	393 (98.67%)	$20,402	370 (93.11%)	$9,070

^*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, 146 (37.00 % of students) received Pell (federal) grants and its average amount is $4,332.

In addition, 180 students received State/local government grants/scholarships (45.33 % 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	123 (32%)	$4,030	41 (11%)	$549	185 (48%)	$3,237	379 (97%)	$10,931
2014-15	157 (42%)	$4,177	64 (17%)	$465	206 (55%)	$2,852	372 (99%)	$14,314
2015-16	133 (33%)	$4,238	46 (11%)	$538	187 (47%)	$3,263	390 (97%)	$15,830
2016-17	109 (32%)	$3,777	40 (12%)	$750	156 (45%)	$3,368	345 (100%)	$15,227
2017-18	143 (39%)	$4,447	72 (19%)	$743	163 (44%)	$3,109	369 (99%)	$16,445
2018-19	176 (41%)	$4,763	91 (21%)	$835	197 (45%)	$2,936	433 (100%)	$17,544
2019-20	155 (39%)	$4,505	300 (75%)	$2,356	160 (40%)	$2,999	399 (100%)	$18,088
2020-21	187 (41%)	$4,374	196 (43%)	$411	227 (49%)	$3,580	439 (95%)	$22,167
2021-22	135 (34%)	$4,679	142 (35%)	$4,271	140 (35%)	$3,395	399 (100%)	$21,592
Average	146 (37.00%)	$4,332	110 (27.11%)	$1,213	180 (45.33%)	$3,193	392 (98.56%)	$16,904

^*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, 370 (93.11 % of students) get any students loan help and its average loan amount is $370.

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	341 (88%)	$9,350	341 (88%)	$5,465	90 (23%)	$14,722
2014-15	341 (91%)	$9,817	341 (91%)	$5,808	92 (24%)	$14,857
2015-16	333 (83%)	$10,005	333 (83%)	$5,462	100 (25%)	$15,129
2016-17	327 (95%)	$9,137	326 (94%)	$4,985	84 (24%)	$16,222
2017-18	361 (97%)	$8,314	361 (97%)	$4,573	83 (22%)	$16,274
2018-19	425 (98%)	$8,710	424 (98%)	$4,988	94 (22%)	$16,881
2019-20	387 (97%)	$9,695	387 (97%)	$4,629	107 (27%)	$18,320
2020-21	431 (94%)	$8,527	431 (94%)	$4,652	92 (20%)	$18,154
2021-22	380 (95%)	$8,074	380 (95%)	$4,536	78 (19%)	$17,236
Average	370 (93.11%)	$9,070	369 (93.00%)	$5,011	91 (22.89%)	$16,422

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Scholarships, Grants, and Loan Trends at Alvernia

All Undergraduate Students Financial Aid Over Time

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