Scholarships, Grants, and Loan Trends at Elms College

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 995, which is 83.44 % of all undergraduate students. 947 students which is 79.33% of undergraduate students received federal student loans and the average loan amount is $8,534.
For full-time, first-time beginning students (freshmen), 99.33% of students received grants or scholarships and 83% 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 College of Our Lady of the Elms since 2013.
For that period, the average number of students who received grants aid/scholarships is 995, which is 83.44 % of all undergraduate students. 947 students which is 79.33% of undergraduate students received federal student loans and the average loan amount is $8,534.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,075 (80%)$15,250579 (43%)$4,1701,011 (75%)$10,813
2014-151,113 (81%)$15,714595 (43%)$4,1931,056 (77%)$8,939
2015-161,037 (79%)$15,914562 (43%)$4,1731,099 (84%)$8,053
2016-17985 (83%)$17,180530 (45%)$4,250942 (79%)$8,829
2017-18979 (83%)$17,572548 (47%)$4,783952 (81%)$8,600
2018-19957 (83%)$17,486517 (45%)$4,855928 (81%)$8,456
2019-20978 (87%)$18,368495 (44%)$4,949942 (84%)$8,391
2020-21955 (93%)$17,076455 (44%)$4,988785 (76%)$7,592
2021-22872 (82%)$19,598476 (45%)$4,771812 (77%)$7,131
Average995 (83.44%)$17,129529 (44.33%)$4,570947 (79.33%)$8,534

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

For the last 10 years, on average, 167 (99.33 % of students) received grants or scholarships and its average amount is $23,527. It can cover 55.94% of tuition & fees ($42,061).
In addition, 141 (83.44 % of students) students get helped from the students loans (average amount : $8,696).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14185 (99%)$19,836146 (78%)$8,306
2014-15186 (99%)$20,445182 (97%)$7,347
2015-16180 (99%)$20,671157 (86%)$7,955
2016-17163 (100%)$23,362150 (92%)$7,492
2017-18173 (100%)$24,525161 (93%)$10,633
2018-19141 (100%)$24,944121 (86%)$9,585
2019-20178 (100%)$24,171149 (84%)$8,552
2020-21120 (99%)$26,68092 (76%)$10,552
2021-22179 (98%)$27,109108 (59%)$7,844
Average167 (99.33%)$23,527141 (83.44%)$8,696
*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, 78 (46.44 % of students) received Pell (federal) grants and its average amount is $4,674.
In addition, 58 students received State/local government grants/scholarships (34.78 % 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
2013-1491 (49%)$4,17412 (6%)$79272 (39%)$1,999181 (97%)$17,328
2014-1591 (49%)$4,14810 (5%)$95067 (36%)$1,692183 (98%)$18,046
2015-1684 (46%)$4,41412 (7%)$91759 (32%)$1,998178 (98%)$18,096
2016-1781 (50%)$4,41922 (13%)$83457 (35%)$4,423161 (99%)$19,749
2017-1885 (49%)$4,57610 (6%)$90061 (35%)$4,010173 (100%)$20,811
2018-1956 (40%)$5,00411 (8%)$1,09140 (28%)$2,103141 (100%)$22,275
2019-2069 (39%)$5,03041 (23%)$1,22050 (28%)$2,640178 (100%)$21,199
2020-2163 (52%)$4,94663 (52%)$78758 (48%)$1,557120 (99%)$22,917
2021-2281 (44%)$5,3547 (4%)$2,28659 (32%)$2,966177 (97%)$23,887
Average78 (46.44%)$4,67421 (13.78%)$1,08658 (34.78%)$2,599166 (98.67%)$20,479
*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, 141 (83.44 % of students) get any students loan help and its average loan amount is $141.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14146 (78%)$8,306120 (64%)$7,86026 (14%)$10,364
2014-15182 (97%)$7,347164 (88%)$6,05228 (15%)$12,305
2015-16157 (86%)$7,955157 (86%)$5,58233 (18%)$11,288
2016-17150 (92%)$7,492149 (91%)$5,60526 (16%)$11,104
2017-18161 (93%)$10,633161 (93%)$5,76157 (33%)$13,761
2018-19121 (86%)$9,585121 (86%)$5,57531 (22%)$15,655
2019-20149 (84%)$8,552149 (84%)$5,83328 (16%)$14,466
2020-2192 (76%)$10,55292 (76%)$7,28319 (16%)$15,829
2021-22108 (59%)$7,844108 (59%)$5,03124 (13%)$12,659
Average141 (83.44%)$8,696136 (80.78%)$6,06530 (18.11%)$13,048
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