How Canada'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 Canada College since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,959, which is 48.89 % of all undergraduate students. 49 students which is 1.00% of undergraduate students received federal student loans and the average loan amount is $7,141.

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	3,669 (55%)	$1,704	988 (15%)	$3,385	86 (1%)	$6,309
2014-15	3,502 (54%)	$1,760	992 (15%)	$3,454	71 (1%)	$5,925
2015-16	3,226 (50%)	$1,741	847 (13%)	$3,410	58 (1%)	$6,836
2016-17	3,193 (49%)	$1,626	708 (11%)	$3,597	79 (1%)	$6,949
2017-18	2,981 (48%)	$1,701	690 (11%)	$3,655	58 (1%)	$6,822
2018-19	2,808 (47%)	$1,784	605 (10%)	$3,735	45 (1%)	$7,017
2019-20	2,771 (48%)	$1,882	607 (10%)	$3,872	21 (0%)	$8,566
2020-21	2,301 (44%)	$2,402	444 (8%)	$4,253	16 (0%)	$7,601
2021-22	2,177 (45%)	$3,119	443 (9%)	$4,132	9 (0%)	$8,248
Average	2,959 (48.89%)	$1,969	703 (11.33%)	$3,721	49 (1.00%)	$7,141

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

Overview

For the last 10 years, on average, 167 (65.00 % of students) received grants or scholarships and its average amount is $4,564. It can cover 48.00% of tuition & fees ($9,508) based on out-of-state rate.

In addition, 2 (1.25 % of students) students get helped from the students loans (average amount : $6,820).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	168 (62%)	$3,692	4 (1%)	$4,145
2014-15	130 (53%)	$3,577	6 (2%)	$4,954
2015-16	166 (53%)	$3,671	3 (1%)	$7,422
2016-17	136 (55%)	$3,498	1 (0%)	$9,400
2017-18	154 (60%)	$4,111	1 (0%)	$3,464
2018-19	248 (78%)	$4,115	-	-
2019-20	266 (76%)	$3,667	1 (0%)	$8,950
2020-21	113 (68%)	$6,501	-	-
2021-22	123 (80%)	$8,242	1 (1%)	$9,402
Average	167 (65.00%)	$4,564	2 (1.25%)	$6,820

^*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, 73 (28.44 % of students) received Pell (federal) grants and its average amount is $4,794.

In addition, 142 students received State/local government grants/scholarships (55.11 % 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	87 (32%)	$4,322	13 (5%)	$377	166 (62%)	$1,378	15 (6%)	$699
2014-15	67 (27%)	$4,156	10 (4%)	$425	128 (52%)	$1,379	10 (4%)	$575
2015-16	77 (24%)	$4,402	14 (4%)	$379	158 (50%)	$1,564	22 (7%)	$823
2016-17	58 (23%)	$4,380	21 (8%)	$367	134 (54%)	$1,550	6 (2%)	$1,046
2017-18	67 (26%)	$4,908	22 (9%)	$448	132 (51%)	$1,838	54 (21%)	$960
2018-19	92 (29%)	$5,096	36 (11%)	$386	176 (55%)	$1,776	227 (71%)	$992
2019-20	99 (28%)	$5,075	34 (10%)	$374	202 (58%)	$1,539	223 (64%)	$670
2020-21	48 (29%)	$5,353	102 (61%)	$1,988	88 (53%)	$2,399	79 (48%)	$809
2021-22	58 (38%)	$5,451	91 (59%)	$3,368	94 (61%)	$2,073	97 (63%)	$2,024
Average	73 (28.44%)	$4,794	38 (19.00%)	$901	142 (55.11%)	$1,722	81 (31.78%)	$955

^*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 (1.25 % of students) get any students loan help and its average loan amount is $2.

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	4 (1%)	$4,145	4 (1%)	$4,145	-	-
2014-15	6 (2%)	$4,954	6 (2%)	$4,954	-	-
2015-16	3 (1%)	$7,422	3 (1%)	$7,422	-	-
2016-17	1 (0%)	$9,400	1 (0%)	$9,400	-	-
2017-18	1 (0%)	$3,464	1 (0%)	$3,464	-	-
2018-19	-	-	-	-	-	-
2019-20	1 (0%)	$8,950	1 (0%)	$8,950	-	-
2020-21	-	-	-	-	-	-
2021-22	1 (1%)	$9,402	1 (1%)	$9,402	-	-
Average	2 (1.25%)	$6,820	2 (1.25%)	$6,820	-	-

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Scholarships, Grants, and Loan Trends at Canada

All Undergraduate Students Financial Aid Over Time

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