How Alverno'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 Alverno College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,251, which is 91.89 % of all undergraduate students. 1,079 students which is 78.11% of undergraduate students received federal student loans and the average loan amount is $7,854.

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	1,765 (95%)	$11,514	1,135 (61%)	$4,162	1,628 (87%)	$7,546
2014-15	1,587 (92%)	$12,350	1,028 (60%)	$4,183	1,473 (85%)	$7,874
2015-16	1,438 (92%)	$12,905	892 (57%)	$4,009	1,243 (80%)	$7,921
2016-17	1,303 (92%)	$13,542	796 (56%)	$4,178	1,134 (80%)	$7,835
2017-18	1,219 (93%)	$14,391	763 (58%)	$4,192	1,075 (82%)	$7,818
2018-19	1,150 (94%)	$15,424	707 (58%)	$4,314	967 (79%)	$9,344
2019-20	1,030 (93%)	$16,273	626 (57%)	$4,428	844 (76%)	$7,285
2020-21	968 (89%)	$17,465	556 (51%)	$4,539	762 (70%)	$7,485
2021-22	799 (87%)	$18,734	460 (50%)	$4,623	589 (64%)	$7,582
Average	1,251 (91.89%)	$14,733	774 (56.44%)	$4,292	1,079 (78.11%)	$7,854

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

Overview

For the last 10 years, on average, 174 (99.78 % of students) received grants or scholarships and its average amount is $19,322. It can cover 58.92% of tuition & fees ($32,794).

In addition, 134 (74.89 % of students) students get helped from the students loans (average amount : $6,435).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	201 (100%)	$15,372	183 (91%)	$6,373
2014-15	193 (100%)	$17,847	160 (83%)	$5,822
2015-16	224 (100%)	$15,689	166 (74%)	$6,828
2016-17	161 (99%)	$18,534	134 (82%)	$7,046
2017-18	196 (100%)	$19,017	160 (82%)	$5,997
2018-19	185 (100%)	$18,927	134 (72%)	$7,552
2019-20	169 (99%)	$20,640	137 (81%)	$5,983
2020-21	131 (100%)	$23,036	73 (56%)	$6,864
2021-22	110 (100%)	$24,833	58 (53%)	$5,451
Average	174 (99.78%)	$19,322	134 (74.89%)	$6,435

^*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, 112 (64.56 % of students) received Pell (federal) grants and its average amount is $4,755.

In addition, 120 students received State/local government grants/scholarships (68.44 % 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	121 (60%)	$4,789	46 (23%)	$465	130 (64%)	$3,139	201 (100%)	$10,352
2014-15	125 (65%)	$4,837	75 (39%)	$417	144 (75%)	$3,483	193 (100%)	$11,954
2015-16	143 (64%)	$4,359	79 (35%)	$370	155 (69%)	$3,536	220 (98%)	$10,517
2016-17	97 (60%)	$4,856	54 (33%)	$300	104 (64%)	$3,410	159 (98%)	$13,472
2017-18	136 (69%)	$4,430	71 (36%)	$274	137 (70%)	$3,190	195 (99%)	$13,684
2018-19	114 (62%)	$4,676	69 (37%)	$274	124 (67%)	$3,158	184 (99%)	$13,901
2019-20	112 (66%)	$4,723	62 (36%)	$286	121 (71%)	$3,402	169 (99%)	$14,969
2020-21	86 (66%)	$5,078	79 (60%)	$1,337	83 (63%)	$3,899	131 (100%)	$16,426
2021-22	76 (69%)	$5,048	62 (56%)	$1,490	80 (73%)	$3,665	110 (100%)	$17,840
Average	112 (64.56%)	$4,755	66 (39.44%)	$579	120 (68.44%)	$3,431	174 (99.22%)	$13,679

^*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, 134 (74.89 % of students) get any students loan help and its average loan amount is $134.

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	183 (91%)	$6,373	182 (90%)	$5,801	13 (6%)	$8,497
2014-15	160 (83%)	$5,822	160 (83%)	$5,221	11 (6%)	$8,749
2015-16	166 (74%)	$6,828	166 (74%)	$5,869	14 (6%)	$11,372
2016-17	134 (82%)	$7,046	132 (81%)	$6,165	15 (9%)	$8,691
2017-18	160 (82%)	$5,997	160 (82%)	$5,579	10 (5%)	$6,680
2018-19	134 (72%)	$7,552	133 (72%)	$6,709	10 (5%)	$11,961
2019-20	137 (81%)	$5,983	137 (81%)	$5,327	7 (4%)	$12,850
2020-21	73 (56%)	$6,864	73 (56%)	$5,106	9 (7%)	$14,260
2021-22	58 (53%)	$5,451	58 (53%)	$5,106	3 (3%)	$6,654
Average	134 (74.89%)	$6,435	133 (74.67%)	$5,654	10 (5.67%)	$9,968

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Scholarships, Grants, and Loan Trends at Alverno

All Undergraduate Students Financial Aid Over Time

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