Scholarships, Grants, and Loan Trends at CU

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,754, which is 94.56 % of all undergraduate students. 714 students which is 42.33% of undergraduate students received federal student loans and the average loan amount is $6,997.
For full-time, first-time beginning students (freshmen), 99.89% of students received grants or scholarships and 36% 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 Cumberland University since 2013.
For that period, the average number of students who received grants aid/scholarships is 1,754, which is 94.56 % of all undergraduate students. 714 students which is 42.33% of undergraduate students received federal student loans and the average loan amount is $6,997.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,100 (87%)$13,109467 (37%)$4,219817 (64%)$7,437
2014-151,087 (87%)$4,392416 (33%)$4,111775 (62%)$7,544
2015-161,163 (89%)$12,412410 (31%)$4,237715 (55%)$7,478
2016-171,585 (96%)$11,296545 (33%)$4,135737 (44%)$6,961
2017-181,916 (97%)$11,095655 (33%)$4,351806 (41%)$6,595
2018-192,050 (98%)$11,257716 (34%)$4,482771 (37%)$6,499
2019-202,256 (99%)$11,573766 (34%)$4,464593 (26%)$7,611
2020-212,384 (99%)$11,061766 (32%)$4,560635 (26%)$6,479
2021-222,241 (99%)$17,310759 (34%)$4,451580 (26%)$6,368
Average1,754 (94.56%)$11,501611 (33.44%)$4,334714 (42.33%)$6,997

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

For the last 10 years, on average, 456 (99.89 % of students) received grants or scholarships and its average amount is $13,744. It can cover 49.37% of tuition & fees ($27,840).
In addition, 137 (36.44 % of students) students get helped from the students loans (average amount : $5,838).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14212 (100%)$15,619143 (67%)$5,711
2014-15177 (99%)$16,562106 (60%)$6,174
2015-16200 (100%)$14,18290 (45%)$5,454
2016-17445 (100%)$11,622175 (39%)$5,280
2017-18560 (100%)$10,567169 (30%)$5,617
2018-19598 (100%)$10,297160 (27%)$5,913
2019-20694 (100%)$11,141156 (22%)$5,554
2020-21630 (100%)$11,563123 (19%)$5,944
2021-22585 (100%)$22,145112 (19%)$6,896
Average456 (99.89%)$13,744137 (36.44%)$5,838
*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, 185 (40.22 % of students) received Pell (federal) grants and its average amount is $4,398.
In addition, 386 students received State/local government grants/scholarships (82.22 % 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
2013-1490 (42%)$4,20470 (33%)$618146 (69%)$5,011207 (98%)$10,425
2014-1564 (36%)$4,43020 (11%)$500130 (73%)$4,936177 (99%)$11,278
2015-1682 (41%)$4,26214 (7%)$471159 (80%)$4,852133 (67%)$12,849
2016-17179 (40%)$4,24365 (15%)$396378 (85%)$4,599220 (49%)$12,038
2017-18206 (37%)$4,46391 (16%)$239498 (89%)$4,848213 (38%)$12,029
2018-19254 (42%)$4,353112 (19%)$426512 (85%)$4,780184 (31%)$13,895
2019-20281 (40%)$4,578149 (21%)$313593 (85%)$4,924222 (32%)$15,671
2020-21273 (43%)$4,641116 (18%)$374548 (87%)$5,181205 (32%)$15,293
2021-22240 (41%)$4,409128 (22%)$245511 (87%)$5,208585 (100%)$15,733
Average185 (40.22%)$4,39885 (18.00%)$398386 (82.22%)$4,927238 (60.67%)$13,246
*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, 137 (36.44 % of students) get any students loan help and its average loan amount is $137.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14143 (67%)$5,711143 (67%)$5,5123 (1%)$9,486
2014-15106 (60%)$6,174105 (59%)$5,7594 (2%)$12,439
2015-1690 (45%)$5,45490 (45%)$4,9415 (3%)$9,227
2016-17175 (39%)$5,280175 (39%)$4,9275 (1%)$12,352
2017-18169 (30%)$5,617169 (30%)$5,0718 (1%)$11,524
2018-19160 (27%)$5,913159 (26%)$4,97111 (2%)$14,143
2019-20156 (22%)$5,554155 (22%)$4,9369 (1%)$11,254
2020-21123 (19%)$5,944121 (19%)$5,11910 (2%)$11,182
2021-22112 (19%)$6,896106 (18%)$4,59019 (3%)$15,041
Average137 (36.44%)$5,838136 (36.11%)$5,0928 (1.78%)$11,850
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