Scholarships, Grants, and Loan Trends at Benedict

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 2,126, which is 97.44 % of all undergraduate students. 1,751 students which is 79.33% of undergraduate students received federal student loans and the average loan amount is $9,700.
For full-time, first-time beginning students (freshmen), 96.44% of students received grants or scholarships and 77% 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 Benedict College since 2013.
For that period, the average number of students who received grants aid/scholarships is 2,126, which is 97.44 % of all undergraduate students. 1,751 students which is 79.33% of undergraduate students received federal student loans and the average loan amount is $9,700.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,471 (98%)$22,1932,082 (83%)$4,7892,264 (90%)$11,517
2014-152,422 (99%)$23,1832,018 (83%)$4,7882,200 (90%)$11,640
2015-162,424 (98%)$22,6291,988 (81%)$4,7342,139 (87%)$11,765
2016-172,251 (99%)$24,0381,858 (81%)$4,7651,980 (87%)$11,674
2017-181,935 (93%)$11,5651,724 (82%)$4,9131,809 (87%)$11,799
2018-192,093 (97%)$12,1461,778 (82%)$5,2221,681 (78%)$7,534
2019-201,986 (98%)$13,9151,557 (77%)$5,1991,415 (70%)$7,158
2020-211,685 (97%)$13,7511,230 (71%)$5,3561,114 (64%)$5,190
2021-221,870 (98%)$12,4761,303 (68%)$5,2691,154 (61%)$9,024
Average2,126 (97.44%)$17,3221,726 (78.67%)$5,0041,751 (79.33%)$9,700

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

For the last 10 years, on average, 566 (96.44 % of students) received grants or scholarships and its average amount is $13,528. It can cover 75.15% of tuition & fees ($18,000).
In addition, 452 (77.22 % of students) students get helped from the students loans (average amount : $9,126).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14530 (96%)$13,426484 (87%)$9,002
2014-15526 (97%)$14,042499 (92%)$10,739
2015-16631 (96%)$13,610587 (89%)$11,819
2016-17582 (97%)$13,067532 (88%)$11,286
2017-18534 (96%)$10,059527 (94%)$11,999
2018-19704 (98%)$14,364474 (66%)$6,673
2019-20714 (99%)$15,845399 (56%)$6,396
2020-21336 (94%)$15,242220 (62%)$8,009
2021-22535 (95%)$12,093345 (61%)$6,213
Average566 (96.44%)$13,528452 (77.22%)$9,126
*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, 468 (79.78 % of students) received Pell (federal) grants and its average amount is $5,105.
In addition, 196 students received State/local government grants/scholarships (33.00 % 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
2013-14460 (83%)$4,87983 (15%)$1,381161 (29%)$3,847481 (87%)$8,602
2014-15463 (85%)$4,91485 (16%)$1,526195 (36%)$4,213461 (85%)$9,023
2015-16539 (82%)$4,73788 (13%)$1,446235 (36%)$4,075534 (81%)$9,269
2016-17512 (85%)$4,89786 (14%)$1,516235 (39%)$3,801493 (82%)$8,264
2017-18473 (85%)$5,04073 (13%)$1,372--327 (59%)$8,831
2018-19595 (83%)$5,268103 (14%)$1,589293 (41%)$4,798581 (81%)$9,309
2019-20510 (71%)$5,32496 (13%)$2,039195 (27%)$5,450653 (91%)$11,239
2020-21265 (74%)$5,42295 (27%)$2,392102 (29%)$5,968295 (83%)$9,656
2021-22397 (70%)$5,461105 (19%)$1,930150 (27%)$6,647336 (59%)$9,233
Average468 (79.78%)$5,10590 (16.00%)$1,688196 (33.00%)$4,850462 (78.67%)$9,270
*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, 452 (77.22 % of students) get any students loan help and its average loan amount is $452.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14484 (87%)$9,002472 (85%)$8,93013 (2%)$10,914
2014-15499 (92%)$10,739498 (92%)$10,52911 (2%)$10,482
2015-16587 (89%)$11,819582 (89%)$11,67117 (3%)$8,552
2016-17532 (88%)$11,286531 (88%)$11,2891 (0%)$10,000
2017-18527 (94%)$11,999525 (94%)$11,9822 (0%)$16,463
2018-19474 (66%)$6,673473 (66%)$6,5966 (1%)$7,150
2019-20399 (56%)$6,396399 (56%)$6,2564 (1%)$14,025
2020-21220 (62%)$8,009219 (62%)$7,9341 (0%)$24,500
2021-22345 (61%)$6,213343 (61%)$6,1283 (1%)$13,829
Average452 (77.22%)$9,126449 (77.00%)$9,0356 (1.67%)$12,879
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