Scholarships, Grants, and Loan Trends at Connecticut

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,282, which is 69.67 % of all undergraduate students. 767 students which is 41.33% of undergraduate students received federal student loans and the average loan amount is $6,084.
For full-time, first-time beginning students (freshmen), 77.00% of students received grants or scholarships and 41% 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 Connecticut College since 2013.
For that period, the average number of students who received grants aid/scholarships is 1,282, which is 69.67 % of all undergraduate students. 767 students which is 41.33% of undergraduate students received federal student loans and the average loan amount is $6,084.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14915 (48%)$34,944275 (14%)$4,210791 (41%)$6,096
2014-15926 (49%)$35,819273 (14%)$4,378771 (41%)$6,235
2015-16975 (51%)$35,324283 (15%)$4,438794 (41%)$6,057
2016-171,003 (54%)$37,197298 (16%)$4,530799 (43%)$6,091
2017-181,134 (62%)$36,157298 (16%)$4,594793 (44%)$5,973
2018-191,340 (73%)$34,785306 (17%)$4,574817 (44%)$5,994
2019-201,751 (94%)$30,635294 (16%)$4,589776 (42%)$6,116
2020-211,733 (100%)$29,843282 (16%)$4,784678 (39%)$6,069
2021-221,762 (96%)$34,994292 (16%)$4,855682 (37%)$6,128
Average1,282 (69.67%)$34,411289 (15.56%)$4,550767 (41.33%)$6,084

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

For the last 10 years, on average, 368 (77.00 % of students) received grants or scholarships and its average amount is $34,874. It can cover 53.81% of tuition & fees ($64,812).
In addition, 195 (40.78 % of students) students get helped from the students loans (average amount : $8,453).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14264 (54%)$36,532204 (42%)$6,174
2014-15242 (49%)$35,478186 (37%)$7,787
2015-16268 (56%)$37,124228 (48%)$8,831
2016-17277 (59%)$39,603205 (43%)$7,824
2017-18384 (86%)$30,512203 (46%)$8,894
2018-19475 (94%)$31,263216 (43%)$9,313
2019-20491 (97%)$34,116184 (36%)$8,562
2020-21428 (99%)$32,882163 (38%)$9,094
2021-22486 (99%)$36,355166 (34%)$9,595
Average368 (77.00%)$34,874195 (40.78%)$8,453
*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, 76 (15.78 % of students) received Pell (federal) grants and its average amount is $4,695.
In addition, 15 students received State/local government grants/scholarships (3.00 % 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
2013-1485 (17%)$4,24185 (17%)$1,33533 (7%)$1,770262 (54%)$34,780
2014-1562 (12%)$4,52562 (12%)$1,22832 (6%)$2,067241 (48%)$33,871
2015-1683 (17%)$4,38277 (16%)$1,04834 (7%)$1,894266 (56%)$35,490
2016-1782 (17%)$4,65579 (17%)$1,08710 (2%)$2,090275 (58%)$38,115
2017-1869 (16%)$4,60361 (14%)$7445 (1%)$1,046383 (86%)$29,630
2018-1979 (16%)$4,82373 (14%)$7465 (1%)$2,422474 (93%)$30,384
2019-2077 (15%)$4,82182 (16%)$7186 (1%)$2,964491 (97%)$33,204
2020-2174 (17%)$5,034408 (94%)$5256 (1%)$5,508428 (99%)$31,434
2021-2275 (15%)$5,17068 (14%)$8935 (1%)$2,305486 (99%)$35,408
Average76 (15.78%)$4,695111 (23.78%)$92515 (3.00%)$2,452367 (76.67%)$33,591
*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, 195 (40.78 % of students) get any students loan help and its average loan amount is $195.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14204 (42%)$6,174203 (42%)$4,95316 (3%)$15,884
2014-15186 (37%)$7,787184 (37%)$5,12725 (5%)$20,199
2015-16228 (48%)$8,831223 (47%)$4,98041 (9%)$22,024
2016-17205 (43%)$7,824198 (42%)$4,81027 (6%)$24,127
2017-18203 (46%)$8,894197 (44%)$4,95834 (8%)$24,373
2018-19216 (43%)$9,313213 (42%)$4,88541 (8%)$23,688
2019-20184 (36%)$8,562180 (35%)$4,94432 (6%)$21,419
2020-21163 (38%)$9,094157 (36%)$4,93333 (8%)$21,449
2021-22166 (34%)$9,595159 (32%)$5,11931 (6%)$25,127
Average195 (40.78%)$8,453190 (39.67%)$4,96831 (6.56%)$22,032
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