Indiana Colleges Financial Aid Trends

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Indiana Colleges since 2013. For that period, the average number of students who received grants aid/scholarships is 172,653, which is 73.67 % of all undergraduate students. 118,744 students which is 54.33% of undergraduate students received federal student loans and the average loan amount: $7,033.

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	170,633 (73%)	$11,061	87,515 (43%)	$3,888	136,869 (62%)	$7,315
2014-15	171,715 (74%)	$11,435	85,931 (43%)	$3,968	132,597 (60%)	$7,273
2015-16	168,139 (73%)	$12,634	79,201 (39%)	$4,005	123,635 (56%)	$7,248
2016-17	166,166 (72%)	$12,551	75,243 (37%)	$3,958	118,587 (56%)	$7,250
2017-18	157,795 (72%)	$14,182	71,895 (36%)	$4,218	109,426 (54%)	$7,255
2018-19	173,610 (72%)	$15,018	84,519 (35%)	$4,299	116,999 (52%)	$6,963
2019-20	180,992 (74%)	$15,277	82,113 (34%)	$4,347	116,167 (50%)	$6,612
2020-21	181,047 (76%)	$16,319	79,140 (33%)	$4,570	111,176 (50%)	$6,824
2021-22	183,783 (77%)	$16,842	74,057 (32%)	$4,580	103,241 (49%)	$6,560
Average	172,653 (73.67%)	$13,924	79,957 (36.89%)	$4,204	118,744 (54.33%)	$7,033

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

Overview

For the last 10 years, on average, 36,538 (86.33 % of students) received grants or scholarships and its average amount is $15,771. It can cover 80.71% of tuition & fees ($19,539) based on out-of-state rate. In addition, 24,595 (62.00 % of students) students get helped from the students loans (average amount : $7,055).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	34,675 (84%)	$12,111	26,790 (67%)	$7,207
2014-15	34,370 (83%)	$12,627	27,110 (68%)	$7,166
2015-16	35,314 (86%)	$14,036	25,948 (65%)	$6,989
2016-17	35,478 (86%)	$15,603	25,898 (65%)	$7,212
2017-18	37,280 (88%)	$16,871	25,083 (62%)	$7,048
2018-19	37,768 (85%)	$16,773	24,364 (57%)	$7,070
2019-20	37,541 (88%)	$17,559	23,066 (59%)	$7,149
2020-21	37,941 (88%)	$17,963	21,570 (57%)	$6,720
2021-22	38,475 (89%)	$18,394	21,530 (58%)	$6,932
Average	36,538 (86.33%)	$15,771	24,595 (62.00%)	$7,055

^*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, 15,828 (44.33 % of students) received Pell (federal) grants and its average amount is $4,484. In addition, 12,957 students received State/local government grants/scholarships (30.11 % 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	17,141 (50%)	$4,255	6,393 (22%)	$892	12,189 (24%)	$4,327	26,710 (65%)	$10,170
2014-15	17,126 (49%)	$4,355	6,319 (20%)	$1,069	12,755 (27%)	$5,148	26,074 (62%)	$10,158
2015-16	16,300 (45%)	$4,310	6,550 (21%)	$1,044	13,085 (27%)	$5,504	27,992 (70%)	$11,550
2016-17	15,548 (42%)	$4,345	6,441 (21%)	$1,093	12,739 (29%)	$5,602	29,115 (76%)	$12,750
2017-18	16,432 (43%)	$4,502	6,513 (17%)	$1,108	14,195 (35%)	$6,727	30,401 (75%)	$13,312
2018-19	16,214 (41%)	$4,529	6,785 (17%)	$1,148	13,560 (33%)	$6,348	32,499 (75%)	$13,607
2019-20	15,683 (44%)	$4,683	15,938 (39%)	$1,311	13,529 (32%)	$6,619	31,090 (72%)	$13,536
2020-21	14,187 (44%)	$4,694	20,931 (40%)	$1,424	12,445 (32%)	$6,564	29,921 (73%)	$14,316
2021-22	13,823 (41%)	$4,684	22,147 (45%)	$1,803	12,113 (32%)	$6,483	31,085 (78%)	$15,752
Average	15,828 (44.33%)	$4,484	10,891 (26.89%)	$1,210	12,957 (30.11%)	$5,925	29,432 (71.78%)	$12,795

^*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, 24,595 (62.00 % of students) get any students loan help and its average loan amount is $24,595.

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	26,790 (67%)	$7,207	26,437 (66%)	$6,301	3,220 (9%)	$10,222
2014-15	27,110 (68%)	$7,166	26,821 (67%)	$6,283	3,199 (8%)	$9,979
2015-16	25,948 (65%)	$6,989	25,576 (64%)	$6,001	3,351 (8%)	$10,176
2016-17	25,898 (65%)	$7,212	25,460 (64%)	$6,022	4,110 (9%)	$10,367
2017-18	25,083 (62%)	$7,048	24,615 (61%)	$5,763	3,914 (8%)	$10,860
2018-19	24,364 (57%)	$7,070	23,794 (56%)	$5,537	4,563 (9%)	$10,969
2019-20	23,066 (59%)	$7,149	22,510 (58%)	$5,568	3,930 (9%)	$11,736
2020-21	21,570 (57%)	$6,720	21,007 (56%)	$5,292	3,503 (8%)	$11,873
2021-22	21,530 (58%)	$6,932	20,872 (57%)	$5,362	3,544 (8%)	$13,065
Average	24,595 (62.00%)	$7,055	24,121 (61.00%)	$5,792	3,704 (8.44%)	$11,027

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Grants, Scholarships, and Student Loan Stats Trends for Indiana Colleges

All Undergraduate Students Financial Aid Over Time

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