How Central Michigan'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 Central Michigan University since 2013.

For that period, the average number of students who received grants aid/scholarships is 12,047, which is 72.56 % of all undergraduate students. 12,041 students which is 71.33% of undergraduate students received federal student loans and the average loan amount is $7,507.

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	14,856 (75%)	$13,353	7,230 (36%)	$3,917	15,459 (78%)	$7,631
2014-15	14,941 (74%)	$14,688	7,116 (35%)	$3,934	14,556 (72%)	$7,705
2015-16	11,895 (61%)	$6,468	6,627 (34%)	$4,225	13,908 (72%)	$8,064
2016-17	12,047 (64%)	$7,107	6,357 (34%)	$4,003	13,223 (70%)	$7,348
2017-18	11,839 (66%)	$7,631	6,113 (34%)	$4,408	12,573 (71%)	$7,447
2018-19	11,163 (68%)	$7,882	5,638 (34%)	$4,610	11,397 (70%)	$6,981
2019-20	11,674 (80%)	$7,843	4,972 (34%)	$4,809	10,245 (70%)	$7,614
2020-21	9,660 (74%)	$8,676	4,334 (33%)	$4,663	9,086 (70%)	$7,591
2021-22	10,345 (91%)	$9,868	3,534 (31%)	$4,652	7,921 (69%)	$7,185
Average	12,047 (72.56%)	$9,280	5,769 (33.89%)	$4,358	12,041 (71.33%)	$7,507

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

Overview

For the last 10 years, on average, 2,449 (86.67 % of students) received grants or scholarships and its average amount is $9,367. It can cover 65.45% of tuition & fees ($14,312) based on out-of-state rate.

In addition, 2,283 (79.89 % of students) students get helped from the students loans (average amount : $6,833).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,122 (72%)	$8,286	2,381 (81%)	$6,943
2014-15	3,031 (81%)	$8,150	3,008 (80%)	$7,028
2015-16	2,787 (81%)	$8,544	2,796 (82%)	$6,109
2016-17	2,991 (87%)	$8,624	2,760 (80%)	$6,916
2017-18	2,628 (86%)	$9,474	2,410 (79%)	$6,919
2018-19	2,440 (90%)	$9,417	2,104 (78%)	$6,136
2019-20	2,286 (93%)	$10,207	1,929 (79%)	$7,330
2020-21	1,943 (94%)	$10,288	1,630 (79%)	$7,019
2021-22	1,811 (96%)	$11,314	1,529 (81%)	$7,099
Average	2,449 (86.67%)	$9,367	2,283 (79.89%)	$6,833

^*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, 1,002 (34.78 % of students) received Pell (federal) grants and its average amount is $4,491.

In addition, 307 students received State/local government grants/scholarships (10.22 % 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	1,139 (39%)	$4,186	8 (0%)	$2,732	487 (17%)	$634	2,043 (69%)	$6,111
2014-15	1,288 (34%)	$4,135	8 (0%)	$1,264	523 (14%)	$705	2,964 (79%)	$6,410
2015-16	1,161 (34%)	$4,252	2 (0%)	$1,432	363 (11%)	$648	2,771 (81%)	$6,726
2016-17	1,243 (36%)	$4,212	4 (0%)	$2,021	558 (16%)	$728	2,965 (86%)	$6,794
2017-18	1,096 (36%)	$4,551	4 (0%)	$2,021	242 (8%)	$1,071	2,621 (86%)	$7,495
2018-19	997 (37%)	$4,617	7 (0%)	$1,484	195 (7%)	$1,190	2,437 (90%)	$7,440
2019-20	858 (35%)	$4,922	1,693 (69%)	$624	153 (6%)	$1,169	2,157 (88%)	$8,287
2020-21	646 (31%)	$4,772	1,354 (66%)	$640	156 (8%)	$1,066	1,938 (94%)	$8,191
2021-22	587 (31%)	$4,771	1,154 (61%)	$1,664	85 (5%)	$1,068	1,785 (95%)	$8,783
Average	1,002 (34.78%)	$4,491	470 (65.33%)	$1,542	307 (10.22%)	$920	2,409 (85.33%)	$7,360

^*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, 2,283 (79.89 % of students) get any students loan help and its average loan amount is $2,283.

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	2,381 (81%)	$6,943	2,352 (80%)	$6,337	200 (7%)	$8,134
2014-15	3,008 (80%)	$7,028	2,971 (79%)	$6,339	288 (8%)	$8,009
2015-16	2,796 (82%)	$6,109	2,746 (80%)	$5,288	302 (9%)	$8,475
2016-17	2,760 (80%)	$6,916	2,728 (79%)	$6,209	261 (8%)	$8,239
2017-18	2,410 (79%)	$6,919	2,371 (78%)	$6,140	251 (8%)	$8,431
2018-19	2,104 (78%)	$6,136	2,072 (76%)	$5,209	224 (8%)	$9,447
2019-20	1,929 (79%)	$7,330	1,880 (77%)	$6,533	240 (10%)	$7,742
2020-21	1,630 (79%)	$7,019	1,607 (78%)	$5,874	250 (12%)	$8,007
2021-22	1,529 (81%)	$7,099	1,503 (80%)	$5,722	255 (14%)	$8,842
Average	2,283 (79.89%)	$6,833	2,248 (78.56%)	$5,961	252 (9.33%)	$8,370

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Scholarships, Grants, and Loan Trends at Central Michigan

All Undergraduate Students Financial Aid Over Time

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