How ECPI'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 ECPI University since 2013.

For that period, the average number of students who received grants aid/scholarships is 7,418, which is 61.22 % of all undergraduate students. 5,928 students which is 49.11% of undergraduate students received federal student loans and the average loan amount is $8,716.

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	6,176 (57%)	$3,811	4,695 (43%)	$3,973	5,403 (50%)	$8,601
2014-15	6,304 (58%)	$4,745	4,941 (45%)	$4,040	5,650 (52%)	$8,683
2015-16	6,900 (59%)	$4,948	5,308 (46%)	$3,851	5,319 (46%)	$9,913
2016-17	6,831 (58%)	$5,409	5,230 (44%)	$3,986	5,622 (48%)	$9,198
2017-18	7,626 (65%)	$5,770	6,169 (53%)	$4,456	6,092 (52%)	$9,150
2018-19	8,271 (65%)	$5,706	6,815 (54%)	$4,610	5,866 (46%)	$7,899
2019-20	8,135 (62%)	$5,030	6,750 (51%)	$4,141	6,453 (49%)	$7,064
2020-21	8,226 (59%)	$4,885	6,730 (48%)	$4,150	6,738 (48%)	$7,463
2021-22	8,297 (68%)	$5,183	6,311 (52%)	$4,372	6,211 (51%)	$10,474
Average	7,418 (61.22%)	$5,054	5,883 (48.44%)	$4,175	5,928 (49.11%)	$8,716

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

Overview

For the last 10 years, on average, 1,023 (77.67 % of students) received grants or scholarships and its average amount is $5,731. It can cover 31.00% of tuition & fees ($18,484).

In addition, 908 (68.56 % of students) students get helped from the students loans (average amount : $8,760).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	828 (87%)	$4,798	736 (78%)	$8,395
2014-15	1,167 (73%)	$5,573	1,116 (69%)	$7,862
2015-16	1,080 (75%)	$5,585	1,070 (75%)	$8,519
2016-17	1,173 (74%)	$5,650	976 (61%)	$9,379
2017-18	1,073 (82%)	$6,661	904 (69%)	$9,161
2018-19	1,025 (79%)	$6,185	873 (67%)	$7,635
2019-20	1,061 (77%)	$5,645	928 (67%)	$7,983
2020-21	944 (67%)	$5,479	847 (60%)	$8,025
2021-22	852 (85%)	$6,001	720 (71%)	$11,880
Average	1,023 (77.67%)	$5,731	908 (68.56%)	$8,760

^*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, 869 (65.56 % of students) received Pell (federal) grants and its average amount is $4,914.

In addition, 16 students received State/local government grants/scholarships (1.33 % 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	682 (72%)	$5,017	559 (59%)	$137	22 (2%)	$3,382	683 (72%)	$586
2014-15	1,031 (64%)	$4,975	953 (59%)	$137	20 (1%)	$9,575	308 (19%)	$3,417
2015-16	959 (67%)	$4,772	927 (65%)	$115	25 (2%)	$3,613	354 (25%)	$3,555
2016-17	961 (60%)	$4,664	896 (56%)	$146	12 (1%)	$13,296	449 (28%)	$4,131
2017-18	929 (71%)	$5,408	899 (69%)	$141	20 (2%)	$11,379	430 (33%)	$4,113
2018-19	872 (67%)	$5,027	862 (67%)	$149	9 (1%)	$12,210	462 (36%)	$3,718
2019-20	916 (66%)	$4,699	897 (65%)	$139	15 (1%)	$9,906	410 (30%)	$3,441
2020-21	818 (58%)	$4,633	795 (56%)	$174	14 (1%)	$3,071	397 (28%)	$3,025
2021-22	651 (65%)	$5,034	789 (78%)	$1,490	8 (1%)	$4,910	221 (22%)	$2,811
Average	869 (65.56%)	$4,914	842 (63.78%)	$292	16 (1.33%)	$7,927	413 (32.56%)	$3,200

^*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, 908 (68.56 % of students) get any students loan help and its average loan amount is $908.

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	736 (78%)	$8,395	734 (77%)	$7,769	113 (12%)	$4,218
2014-15	1,116 (69%)	$7,862	1,116 (69%)	$7,629	34 (2%)	$7,658
2015-16	1,070 (75%)	$8,519	1,070 (75%)	$8,186	205 (14%)	$1,736
2016-17	976 (61%)	$9,379	972 (61%)	$8,974	52 (3%)	$8,298
2017-18	904 (69%)	$9,161	900 (69%)	$8,823	52 (4%)	$6,556
2018-19	873 (67%)	$7,635	868 (67%)	$7,288	46 (4%)	$7,366
2019-20	928 (67%)	$7,983	924 (67%)	$7,506	69 (5%)	$6,854
2020-21	847 (60%)	$8,025	839 (59%)	$7,432	64 (5%)	$8,781
2021-22	720 (71%)	$11,880	713 (71%)	$11,094	51 (5%)	$12,613
Average	908 (68.56%)	$8,760	904 (68.33%)	$8,300	76 (6.00%)	$7,120

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Scholarships, Grants, and Loan Trends at ECPI

All Undergraduate Students Financial Aid Over Time

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