How BSU'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 Ball State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 11,544, which is 70.67 % of all undergraduate students. 10,048 students which is 61.56% of undergraduate students received federal student loans and the average loan amount is $7,117.

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	10,703 (63%)	$9,097	5,745 (34%)	$4,473	10,000 (59%)	$7,389
2014-15	10,682 (65%)	$9,553	5,564 (34%)	$4,593	9,910 (60%)	$7,370
2015-16	10,736 (65%)	$9,921	5,450 (33%)	$4,579	9,737 (59%)	$7,279
2016-17	11,174 (66%)	$10,387	5,590 (33%)	$4,641	9,819 (58%)	$7,284
2017-18	11,705 (69%)	$10,960	5,681 (33%)	$4,951	9,650 (57%)	$7,193
2018-19	11,530 (71%)	$11,269	5,475 (34%)	$5,048	9,086 (56%)	$6,903
2019-20	11,602 (69%)	$11,559	5,588 (33%)	$5,089	8,819 (53%)	$6,843
2020-21	12,838 (81%)	$10,868	5,357 (34%)	$5,313	12,196 (77%)	$6,835
2021-22	12,922 (87%)	$10,706	5,000 (34%)	$5,402	11,211 (75%)	$6,959
Average	11,544 (70.67%)	$10,480	5,494 (33.56%)	$4,899	10,048 (61.56%)	$7,117

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

Overview

For the last 10 years, on average, 2,902 (78.78 % of students) received grants or scholarships and its average amount is $10,974. It can cover 38.15% of tuition & fees ($28,766) based on out-of-state rate.

In addition, 2,606 (71.11 % of students) students get helped from the students loans (average amount : $7,449).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,497 (67%)	$10,397	2,503 (67%)	$7,341
2014-15	2,458 (68%)	$10,754	2,413 (67%)	$7,242
2015-16	2,520 (72%)	$10,449	2,294 (66%)	$7,671
2016-17	2,986 (77%)	$10,658	2,654 (69%)	$7,624
2017-18	3,578 (90%)	$9,952	2,613 (66%)	$7,831
2018-19	2,803 (76%)	$11,650	2,347 (64%)	$7,625
2019-20	3,072 (76%)	$12,049	2,526 (62%)	$7,772
2020-21	3,046 (86%)	$11,442	3,143 (88%)	$7,026
2021-22	3,160 (97%)	$11,418	2,965 (91%)	$6,906
Average	2,902 (78.78%)	$10,974	2,606 (71.11%)	$7,449

^*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, 1,387 (37.78 % of students) received Pell (federal) grants and its average amount is $4,869.

In addition, 1,236 students received State/local government grants/scholarships (33.56 % 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	1,420 (38%)	$4,464	556 (15%)	$500	1,132 (30%)	$6,149	1,739 (47%)	$7,122
2014-15	1,276 (36%)	$4,596	457 (13%)	$499	1,099 (31%)	$6,900	1,713 (48%)	$7,448
2015-16	1,210 (35%)	$4,575	421 (12%)	$502	1,054 (30%)	$7,358	1,386 (40%)	$9,256
2016-17	1,390 (36%)	$4,600	518 (13%)	$508	1,199 (31%)	$7,415	1,966 (51%)	$8,279
2017-18	1,464 (37%)	$4,805	547 (14%)	$508	1,306 (33%)	$7,523	2,306 (58%)	$8,010
2018-19	1,360 (37%)	$4,990	579 (16%)	$503	1,224 (33%)	$7,438	2,196 (60%)	$7,501
2019-20	1,632 (40%)	$5,073	647 (16%)	$508	1,495 (37%)	$7,539	2,378 (59%)	$7,206
2020-21	1,372 (39%)	$5,311	2,377 (67%)	$919	1,322 (37%)	$7,451	2,130 (60%)	$7,291
2021-22	1,363 (42%)	$5,409	3,050 (94%)	$1,553	1,297 (40%)	$7,441	1,872 (58%)	$7,650
Average	1,387 (37.78%)	$4,869	1,017 (28.89%)	$667	1,236 (33.56%)	$7,246	1,965 (53.44%)	$7,751

^*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, 2,606 (71.11 % of students) get any students loan help and its average loan amount is $2,606.

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	2,503 (67%)	$7,341	2,468 (66%)	$5,901	337 (9%)	$11,302
2014-15	2,413 (67%)	$7,242	2,391 (67%)	$5,942	296 (8%)	$11,038
2015-16	2,294 (66%)	$7,671	2,280 (65%)	$5,871	343 (10%)	$12,277
2016-17	2,654 (69%)	$7,624	2,629 (68%)	$5,992	374 (10%)	$11,980
2017-18	2,613 (66%)	$7,831	2,568 (65%)	$6,055	389 (10%)	$12,636
2018-19	2,347 (64%)	$7,625	2,296 (62%)	$5,529	404 (11%)	$12,870
2019-20	2,526 (62%)	$7,772	2,476 (61%)	$5,521	468 (12%)	$12,741
2020-21	3,143 (88%)	$7,026	3,123 (88%)	$5,451	378 (11%)	$13,381
2021-22	2,965 (91%)	$6,906	2,958 (91%)	$5,401	319 (10%)	$14,115
Average	2,606 (71.11%)	$7,449	2,577 (70.33%)	$5,740	368 (10.11%)	$12,482

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Scholarships, Grants, and Loan Trends at BSU

All Undergraduate Students Financial Aid Over Time

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