How Arclabs'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 Arclabs since 2015.

For that period, the average number of students who received grants aid/scholarships is 440, which is 61.43 % of all undergraduate students. 334 students which is 42.86% of undergraduate students received federal student loans and the average loan amount is $8,642.

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
2015-16	160 (60%)	$7,949	60 (22%)	$4,458	63 (24%)	$9,314
2016-17	218 (61%)	$6,484	127 (36%)	$4,012	122 (34%)	$8,947
2017-18	426 (65%)	$6,973	262 (40%)	$4,345	264 (40%)	$8,478
2018-19	571 (63%)	$5,428	534 (58%)	$5,075	467 (51%)	$8,478
2019-20	582 (62%)	$5,173	538 (57%)	$4,810	438 (46%)	$9,058
2020-21	583 (61%)	$5,495	548 (57%)	$5,142	460 (48%)	$7,903
2021-22	538 (58%)	$5,765	520 (56%)	$5,417	527 (57%)	$8,314
Average	440 (61.43%)	$6,181	370 (46.57%)	$4,751	334 (42.86%)	$8,642

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

Overview

For the last 8 years, on average, 96 (71.71 % of students) received grants or scholarships and its average amount is $5,843. It can cover 30.92% of tuition & fees ($18,900).

In addition, 99 (68.57 % of students) students get helped from the students loans (average amount : $8,640).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2015-16	38 (64%)	$6,445	24 (41%)	$9,761
2016-17	36 (75%)	$5,133	22 (46%)	$8,438
2017-18	71 (68%)	$5,515	79 (75%)	$7,970
2018-19	112 (79%)	$5,828	111 (78%)	$8,496
2019-20	127 (74%)	$5,770	138 (80%)	$9,129
2020-21	133 (71%)	$5,777	153 (81%)	$7,729
2021-22	152 (71%)	$6,436	169 (79%)	$8,956
Average	96 (71.71%)	$5,843	99 (68.57%)	$8,640

^*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 8 years, on average, 87 (60.71 % of students) received Pell (federal) grants and its average amount is $5,030.

In addition, 13 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
2015-16	24 (41%)	$4,755	-	-	19 (32%)	$6,883	-	-
2016-17	18 (38%)	$3,726	-	-	19 (40%)	$6,196	-	-
2017-18	65 (62%)	$4,535	-	-	12 (11%)	$8,067	-	-
2018-19	107 (75%)	$5,402	-	-	8 (6%)	$9,345	-	-
2019-20	123 (72%)	$5,380	-	-	11 (6%)	$6,461	-	-
2020-21	127 (68%)	$5,405	-	-	11 (6%)	$7,446	-	-
2021-22	147 (69%)	$6,010	20 (9%)	$873	9 (4%)	$8,588	-	-
Average	87 (60.71%)	$5,030	20 (9.00%)	$873	13 (15.00%)	$7,569	-	-

^*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 8 years, on average, 99 (68.57 % of students) get any students loan help and its average loan amount is $99.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2015-16	24 (41%)	$9,761	24 (41%)	$9,761	-	-
2016-17	22 (46%)	$8,438	22 (46%)	$8,438	-	-
2017-18	79 (75%)	$7,970	79 (75%)	$7,970	-	-
2018-19	111 (78%)	$8,496	111 (78%)	$8,496	-	-
2019-20	138 (80%)	$9,129	138 (80%)	$9,129	-	-
2020-21	153 (81%)	$7,729	153 (81%)	$7,729	-	-
2021-22	169 (79%)	$8,956	169 (79%)	$8,956	-	-
Average	99 (68.57%)	$8,640	99 (68.57%)	$8,640	-	-

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Scholarships, Grants, and Loan Trends at Arclabs

All Undergraduate Students Financial Aid Over Time

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