Scholarships, Grants, and Loan Trends at Berea

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,603, which is 99.67 % of all undergraduate students. 277 students which is 16.89% of undergraduate students received federal student loans and the average loan amount is $2,860.
For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 14% 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 Berea College since 2013.
For that period, the average number of students who received grants aid/scholarships is 1,603, which is 99.67 % of all undergraduate students. 277 students which is 16.89% of undergraduate students received federal student loans and the average loan amount is $2,860.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,623 (100%)$28,1801,358 (84%)$4,515450 (28%)$2,427
2014-151,621 (100%)$30,3581,350 (83%)$4,586346 (21%)$3,309
2015-161,643 (100%)$30,4771,368 (83%)$4,538298 (18%)$3,268
2016-171,624 (98%)$29,1541,366 (82%)$3,880270 (16%)$3,178
2017-181,670 (100%)$33,1861,394 (83%)$5,045257 (15%)$2,827
2018-191,673 (100%)$49,9691,390 (83%)$5,303337 (20%)$1,932
2019-201,688 (100%)$47,5141,413 (84%)$5,332299 (18%)$2,199
2020-211,432 (100%)$56,0711,270 (89%)$5,03782 (6%)$3,001
2021-221,454 (99%)$55,5081,198 (82%)$5,159151 (10%)$3,599
Average1,603 (99.67%)$40,0461,345 (83.67%)$4,822277 (16.89%)$2,860

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

For the last 10 years, on average, 398 (100.00 % of students) received grants or scholarships and its average amount is $40,317. It can cover 81.74% of tuition & fees ($49,326).
In addition, 57 (13.78 % of students) students get helped from the students loans (average amount : $2,346).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14397 (100%)$29,880112 (28%)$1,713
2014-15416 (100%)$31,05564 (15%)$2,152
2015-16432 (100%)$32,11867 (16%)$2,394
2016-17418 (100%)$33,42260 (14%)$2,747
2017-18432 (100%)$34,19861 (14%)$2,017
2018-19438 (100%)$44,69858 (13%)$2,841
2019-20413 (100%)$49,92842 (10%)$2,391
2020-21295 (100%)$52,25319 (6%)$2,303
2021-22338 (100%)$55,29828 (8%)$2,559
Average398 (100.00%)$40,31757 (13.78%)$2,346
*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, 355 (88.89 % of students) received Pell (federal) grants and its average amount is $4,900.
In addition, 172 students received State/local government grants/scholarships (43.44 % 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
2013-14361 (91%)$4,51751 (13%)$1,456136 (34%)$7,728397 (100%)$22,938
2014-15349 (84%)$4,41858 (14%)$1,440183 (44%)$7,513416 (100%)$23,843
2015-16393 (91%)$4,63150 (12%)$2,055203 (47%)$6,065432 (100%)$24,818
2016-17414 (99%)$4,47426 (6%)$1,356216 (52%)$6,160414 (99%)$25,972
2017-18396 (92%)$4,94558 (13%)$1,397188 (44%)$6,312432 (100%)$26,730
2018-19387 (88%)$4,91497 (22%)$1,457169 (39%)$6,467438 (100%)$37,539
2019-20370 (90%)$4,990116 (28%)$1,719173 (42%)$6,712413 (100%)$42,164
2020-21216 (73%)$6,28759 (20%)$3,102151 (51%)$6,884278 (94%)$46,167
2021-22312 (92%)$4,926334 (99%)$3,800130 (38%)$7,649338 (100%)$44,054
Average355 (88.89%)$4,90094 (25.22%)$1,976172 (43.44%)$6,832395 (99.22%)$32,692
*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, 57 (13.78 % of students) get any students loan help and its average loan amount is $57.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14112 (28%)$1,71360 (15%)$1,90956 (14%)$1,381
2014-1564 (15%)$2,15242 (10%)$2,67428 (7%)$909
2015-1667 (16%)$2,39437 (9%)$2,69032 (7%)$1,902
2016-1760 (14%)$2,74756 (13%)$2,7979 (2%)$911
2017-1861 (14%)$2,01742 (10%)$2,01740 (9%)$958
2018-1958 (13%)$2,84146 (11%)$3,07014 (3%)$1,681
2019-2042 (10%)$2,39140 (10%)$2,4992 (0%)$225
2020-2119 (6%)$2,30313 (4%)$3,0166 (2%)$758
2021-2228 (8%)$2,55920 (6%)$2,9148 (2%)$1,671
Average57 (13.78%)$2,34640 (9.78%)$2,62122 (5.75%)$1,155
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