Scholarships, Grants, and Loan Trends at Augustana

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 2,461, which is 98.44 % of all undergraduate students. 1,674 students which is 67.00% of undergraduate students received federal student loans and the average loan amount is $6,809.
For full-time, first-time beginning students (freshmen), 99.44% of students received grants or scholarships and 75% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Augustana College since 2013.
For that period, the average number of students who received grants aid/scholarships is 2,461, which is 98.44 % of all undergraduate students. 1,674 students which is 67.00% of undergraduate students received federal student loans and the average loan amount is $6,809.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,432 (96%)$20,195583 (23%)$4,0751,763 (70%)$7,048
2014-152,421 (97%)$22,709595 (24%)$4,2741,749 (70%)$6,921
2015-162,416 (97%)$24,230603 (24%)$4,2011,734 (70%)$7,036
2016-172,495 (98%)$25,058594 (23%)$4,0781,780 (70%)$6,864
2017-182,632 (99%)$27,220634 (24%)$4,2881,840 (70%)$6,840
2018-192,531 (100%)$28,411607 (24%)$4,3761,699 (67%)$6,610
2019-202,538 (100%)$30,167569 (22%)$4,5281,610 (63%)$6,632
2020-212,367 (100%)$32,078545 (23%)$4,6941,491 (63%)$6,662
2021-222,317 (99%)$33,822502 (21%)$4,7101,404 (60%)$6,664
Average2,461 (98.44%)$27,099581 (23.11%)$4,3581,674 (67.00%)$6,809

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

For the last 10 years, on average, 658 (99.44 % of students) received grants or scholarships and its average amount is $28,909. It can cover 58.01% of tuition & fees ($49,834).
In addition, 497 (74.78 % of students) students get helped from the students loans (average amount : $7,664).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14612 (98%)$22,114562 (90%)$7,024
2014-15721 (99%)$25,724636 (88%)$7,719
2015-16668 (99%)$26,660616 (91%)$7,017
2016-17690 (99%)$27,532606 (87%)$7,274
2017-18735 (100%)$28,835499 (68%)$7,740
2018-19630 (100%)$29,396399 (63%)$7,898
2019-20678 (100%)$31,889427 (63%)$8,048
2020-21543 (100%)$33,089352 (65%)$8,226
2021-22647 (100%)$34,946374 (58%)$8,033
Average658 (99.44%)$28,909497 (74.78%)$7,664
*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.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 165 (24.89 % of students) received Pell (federal) grants and its average amount is $4,443.
In addition, 181 students received State/local government grants/scholarships (27.33 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14168 (27%)$4,535168 (27%)$490181 (29%)$4,717608 (97%)$19,467
2014-15193 (27%)$4,361193 (27%)$438220 (30%)$4,715716 (99%)$23,161
2015-16171 (25%)$4,131171 (25%)$450197 (29%)$4,718666 (98%)$24,168
2016-17167 (24%)$4,148167 (24%)$450204 (29%)$4,720689 (99%)$25,060
2017-18186 (25%)$4,610186 (25%)$443213 (29%)$4,775735 (100%)$26,173
2018-19152 (24%)$4,098150 (24%)$441157 (25%)$4,595630 (100%)$27,157
2019-20155 (23%)$4,585540 (80%)$643161 (24%)$5,073678 (100%)$29,124
2020-21147 (27%)$4,781147 (27%)$399155 (29%)$5,018543 (100%)$30,255
2021-22142 (22%)$4,740144 (22%)$557140 (22%)$5,431647 (100%)$32,607
Average165 (24.89%)$4,443207 (31.22%)$479181 (27.33%)$4,862657 (99.22%)$26,352
*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..
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, 497 (74.78 % of students) get any students loan help and its average loan amount is $497.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14562 (90%)$7,024562 (90%)$5,93047 (7%)$13,074
2014-15636 (88%)$7,719636 (88%)$6,14771 (10%)$14,082
2015-16616 (91%)$7,017616 (91%)$6,02648 (7%)$12,713
2016-17606 (87%)$7,274606 (87%)$6,09048 (7%)$14,948
2017-18499 (68%)$7,740494 (67%)$5,98371 (10%)$12,765
2018-19399 (63%)$7,898395 (63%)$5,31177 (12%)$13,681
2019-20427 (63%)$8,048417 (62%)$5,375100 (15%)$11,954
2020-21352 (65%)$8,226350 (64%)$5,31879 (15%)$13,091
2021-22374 (58%)$8,033366 (56%)$5,27586 (13%)$12,486
Average497 (74.78%)$7,664494 (74.22%)$5,71770 (10.67%)$13,199
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