How Elon'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 Elon University since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,539, which is 58.22 % of all undergraduate students. 1,713 students which is 28.44% of undergraduate students received federal student loans and the average loan amount is $6,393.

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	3,101 (55%)	$11,915	503 (9%)	$4,147	1,837 (33%)	$6,529
2014-15	3,136 (54%)	$12,341	482 (8%)	$4,046	1,808 (31%)	$6,568
2015-16	3,200 (54%)	$12,562	468 (8%)	$4,207	1,752 (30%)	$6,611
2016-17	3,245 (54%)	$13,340	505 (8%)	$4,196	1,701 (28%)	$6,640
2017-18	3,403 (56%)	$14,442	539 (9%)	$4,370	1,681 (28%)	$6,531
2018-19	3,588 (58%)	$14,752	559 (9%)	$4,525	1,723 (28%)	$6,264
2019-20	3,906 (62%)	$14,980	578 (9%)	$4,533	1,699 (27%)	$6,240
2020-21	4,028 (64%)	$15,190	578 (9%)	$4,759	1,642 (26%)	$6,236
2021-22	4,248 (67%)	$15,222	594 (9%)	$4,668	1,573 (25%)	$5,915
Average	3,539 (58.22%)	$13,860	534 (8.67%)	$4,383	1,713 (28.44%)	$6,393

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

Overview

For the last 10 years, on average, 952 (60.22 % of students) received grants or scholarships and its average amount is $13,166. It can cover 29.56% of tuition & fees ($44,536).

In addition, 493 (31.33 % of students) students get helped from the students loans (average amount : $9,099).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	800 (54%)	$11,187	467 (32%)	$8,588
2014-15	769 (51%)	$11,735	486 (32%)	$8,297
2015-16	805 (53%)	$12,206	465 (31%)	$8,043
2016-17	834 (54%)	$14,061	454 (29%)	$9,648
2017-18	1,044 (66%)	$14,528	536 (34%)	$8,566
2018-19	1,036 (61%)	$14,109	549 (32%)	$8,490
2019-20	1,124 (68%)	$13,111	528 (32%)	$10,060
2020-21	1,066 (67%)	$13,677	504 (32%)	$10,226
2021-22	1,089 (68%)	$13,880	450 (28%)	$9,977
Average	952 (60.22%)	$13,166	493 (31.33%)	$9,099

^*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, 143 (9.00 % of students) received Pell (federal) grants and its average amount is $4,451.

In addition, 81 students received State/local government grants/scholarships (5.00 % 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	123 (8%)	$4,327	117 (8%)	$509	76 (5%)	$3,924	784 (53%)	$10,280
2014-15	115 (8%)	$3,992	109 (7%)	$574	78 (5%)	$3,837	755 (50%)	$10,866
2015-16	113 (7%)	$4,416	103 (7%)	$671	64 (4%)	$4,805	800 (52%)	$11,188
2016-17	127 (8%)	$4,268	114 (7%)	$589	72 (5%)	$4,960	826 (53%)	$13,027
2017-18	154 (10%)	$4,489	148 (9%)	$615	78 (5%)	$5,476	1,037 (66%)	$13,460
2018-19	155 (9%)	$4,481	147 (9%)	$598	102 (6%)	$5,351	1,032 (61%)	$12,877
2019-20	164 (10%)	$4,333	153 (9%)	$714	71 (4%)	$5,981	1,092 (66%)	$12,355
2020-21	150 (9%)	$4,889	143 (9%)	$541	86 (5%)	$6,211	1,058 (67%)	$12,510
2021-22	183 (12%)	$4,868	173 (11%)	$574	103 (6%)	$6,754	1,051 (66%)	$12,778
Average	143 (9.00%)	$4,451	134 (8.44%)	$598	81 (5.00%)	$5,255	937 (59.33%)	$12,149

^*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, 493 (31.33 % of students) get any students loan help and its average loan amount is $493.

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	467 (32%)	$8,588	456 (31%)	$5,296	74 (5%)	$21,563
2014-15	486 (32%)	$8,297	478 (32%)	$5,369	68 (5%)	$21,557
2015-16	465 (31%)	$8,043	452 (30%)	$5,826	61 (4%)	$18,137
2016-17	454 (29%)	$9,648	438 (28%)	$5,790	87 (6%)	$21,196
2017-18	536 (34%)	$8,566	520 (33%)	$5,616	69 (4%)	$24,216
2018-19	549 (32%)	$8,490	533 (31%)	$5,272	87 (5%)	$21,275
2019-20	528 (32%)	$10,060	496 (30%)	$5,331	102 (6%)	$26,155
2020-21	504 (32%)	$10,226	477 (30%)	$5,259	105 (7%)	$25,192
2021-22	450 (28%)	$9,977	428 (27%)	$5,340	83 (5%)	$26,555
Average	493 (31.33%)	$9,099	475 (30.22%)	$5,455	82 (5.22%)	$22,872

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Scholarships, Grants, and Loan Trends at Elon

All Undergraduate Students Financial Aid Over Time

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