How American Institute-Somerset'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 American Institute-Somerset since 2016.

For that period, the average number of students who received grants aid/scholarships is 278, which is 78.67 % of all undergraduate students. 277 students which is 74.67% of undergraduate students received federal student loans and the average loan amount is $7,522.

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
2016-17	19 (90%)	$3,500	16 (76%)	$2,026	15 (71%)	$7,728
2017-18	155 (85%)	$3,731	149 (81%)	$2,778	147 (80%)	$7,809
2018-19	275 (78%)	$3,405	266 (76%)	$2,836	259 (74%)	$7,035
2019-20	315 (67%)	$3,346	302 (64%)	$2,737	318 (67%)	$6,893
2020-21	421 (68%)	$3,029	416 (67%)	$2,771	422 (68%)	$7,700
2021-22	480 (84%)	$3,839	474 (83%)	$3,554	503 (88%)	$7,967
Average	278 (78.67%)	$3,475	271 (74.50%)	$2,784	277 (74.67%)	$7,522

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

Overview

For the last 7 years, on average, 110 (90.33 % of students) received grants or scholarships and its average amount is $3,655. It can cover 18.75% of tuition & fees ($19,495).

In addition, 121 (97.17 % of students) students get helped from the students loans (average amount : $8,830).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2016-17	13 (100%)	$3,874	13 (100%)	$6,393
2017-18	99 (93%)	$3,666	100 (93%)	$9,358
2018-19	135 (90%)	$3,532	144 (96%)	$9,223
2019-20	140 (84%)	$3,675	160 (96%)	$9,175
2020-21	139 (89%)	$3,188	155 (99%)	$9,526
2021-22	135 (86%)	$3,995	156 (99%)	$9,304
Average	110 (90.33%)	$3,655	121 (97.17%)	$8,830

^*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 7 years, on average, 108 (86.50 % of students) received Pell (federal) grants and its average amount is $2,945.

In addition, 5 students received State/local government grants/scholarships (5.83 % 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
2016-17	11 (85%)	$2,181	11 (85%)	$100	2 (15%)	$3,500	5 (38%)	$3,654
2017-18	96 (90%)	$2,784	80 (75%)	$94	8 (7%)	$3,400	11 (10%)	$5,541
2018-19	133 (89%)	$3,066	108 (72%)	$91	7 (5%)	$2,429	7 (5%)	$6,036
2019-20	136 (81%)	$2,960	108 (65%)	$89	7 (4%)	$10,551	5 (3%)	$5,694
2020-21	138 (88%)	$2,836	112 (71%)	$91	5 (3%)	$3,274	5 (3%)	$5,063
2021-22	135 (86%)	$3,844	103 (66%)	$143	1 (1%)	$2,000	1 (1%)	$3,653
Average	108 (86.50%)	$2,945	87 (72.33%)	$101	5 (5.83%)	$4,192	6 (10.00%)	$4,940

^*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 7 years, on average, 121 (97.17 % of students) get any students loan help and its average loan amount is $121.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2016-17	13 (100%)	$6,393	10 (77%)	$7,587	13 (100%)	$557
2017-18	100 (93%)	$9,358	90 (84%)	$8,281	91 (85%)	$2,093
2018-19	144 (96%)	$9,223	140 (93%)	$7,946	118 (79%)	$1,827
2019-20	160 (96%)	$9,175	146 (87%)	$7,922	121 (72%)	$2,573
2020-21	155 (99%)	$9,526	144 (92%)	$8,419	109 (69%)	$2,424
2021-22	156 (99%)	$9,304	142 (90%)	$8,059	103 (66%)	$2,981
Average	121 (97.17%)	$8,830	112 (87.17%)	$8,036	93 (78.50%)	$2,076

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Scholarships, Grants, and Loan Trends at American Institute-Somerset

All Undergraduate Students Financial Aid Over Time

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