How Arkansas Welding Academy'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 Arkansas Welding Academy since 2017.

For that period, the average number of students who received grants aid/scholarships is 48, which is 68.20 % of all undergraduate students. 41 students which is 55.80% of undergraduate students received federal student loans and the average loan amount is $8,967.

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
2017-18	29 (67%)	$11,716	16 (37%)	$4,738	13 (30%)	$9,927
2018-19	42 (67%)	$4,044	36 (57%)	$1,794	37 (59%)	$9,293
2019-20	47 (64%)	$6,019	38 (52%)	$3,728	41 (56%)	$5,441
2020-21	58 (70%)	$4,585	54 (65%)	$4,239	52 (63%)	$10,163
2021-22	62 (73%)	$4,952	62 (73%)	$4,533	60 (71%)	$10,013
Average	48 (68.20%)	$6,263	41 (56.80%)	$3,806	41 (55.80%)	$8,967

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

Overview

For the last 6 years, on average, 33 (65.00 % of students) received grants or scholarships and its average amount is $6,173. It can cover 36.93% of tuition & fees ($16,713).

In addition, 30 (60.20 % of students) students get helped from the students loans (average amount : $9,802).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2017-18	6 (55%)	$10,997	6 (55%)	$11,885
2018-19	20 (51%)	$5,028	22 (56%)	$10,017
2019-20	38 (67%)	$4,284	31 (54%)	$5,206
2020-21	52 (73%)	$4,288	48 (68%)	$10,772
2021-22	49 (79%)	$6,266	42 (68%)	$11,129
Average	33 (65.00%)	$6,173	30 (60.20%)	$9,802

^*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 6 years, on average, 30 (58.40 % of students) received Pell (federal) grants and its average amount is $4,409.

In addition, 3 students received State/local government grants/scholarships (9.50 % 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
2017-18	5 (45%)	$5,232	-	-	2 (18%)	$19,910	-	-
2018-19	17 (44%)	$3,211	-	-	3 (8%)	$15,321	-	-
2019-20	29 (51%)	$3,705	5 (9%)	$1,471	6 (11%)	$8,000	-	-
2020-21	52 (73%)	$4,164	1 (1%)	$1,471	1 (1%)	$5,000	-	-
2021-22	49 (79%)	$5,735	4 (6%)	$6,505	-	-	-	-
Average	30 (58.40%)	$4,409	3 (5.33%)	$3,149	3 (9.50%)	$12,058	-	-

^*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 6 years, on average, 30 (60.20 % of students) get any students loan help and its average loan amount is $30.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2017-18	6 (55%)	$11,885	4 (36%)	$10,328	2 (18%)	$15,000
2018-19	22 (56%)	$10,017	22 (56%)	$10,017	-	-
2019-20	31 (54%)	$5,206	31 (54%)	$5,206	-	-
2020-21	48 (68%)	$10,772	48 (68%)	$10,772	-	-
2021-22	42 (68%)	$11,129	42 (68%)	$11,129	-	-
Average	30 (60.20%)	$9,802	29 (56.40%)	$9,490	2 (18.00%)	$15,000

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Scholarships, Grants, and Loan Trends at Arkansas Welding Academy

All Undergraduate Students Financial Aid Over Time

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