Massachusetts 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 Massachusetts Colleges since 2013. For that period, the average number of students who received grants aid/scholarships is 181,530, which is 73.78 % of all undergraduate students. 137,079 students which is 55.33% of undergraduate students received federal student loans and the average loan amount: $6,958.

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	175,755 (72%)	$16,046	70,934 (31%)	$4,102	148,961 (60%)	$7,320
2014-15	179,445 (73%)	$16,519	71,404 (31%)	$4,094	149,166 (59%)	$7,260
2015-16	177,753 (70%)	$17,693	69,027 (29%)	$4,154	145,758 (57%)	$7,129
2016-17	179,300 (72%)	$18,503	67,762 (28%)	$4,192	144,125 (56%)	$7,146
2017-18	180,844 (72%)	$19,209	69,930 (29%)	$4,352	141,244 (55%)	$6,966
2018-19	180,421 (72%)	$20,863	67,560 (28%)	$4,531	136,520 (55%)	$6,797
2019-20	184,650 (75%)	$21,414	65,650 (28%)	$4,570	132,214 (54%)	$6,791
2020-21	187,270 (79%)	$21,639	61,897 (28%)	$4,718	118,775 (51%)	$6,742
2021-22	188,330 (79%)	$23,125	59,862 (27%)	$4,683	116,947 (51%)	$6,472
Average	181,530 (73.78%)	$19,446	67,114 (28.78%)	$4,377	137,079 (55.33%)	$6,958

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

Overview

For the last 10 years, on average, 41,305 (82.89 % of students) received grants or scholarships and its average amount is $22,149. It can cover 89.95% of tuition & fees ($24,623) based on out-of-state rate. In addition, 30,376 (62.78 % of students) students get helped from the students loans (average amount : $8,365).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	39,044 (79%)	$18,124	32,129 (67%)	$8,262
2014-15	40,144 (81%)	$18,361	32,385 (67%)	$8,186
2015-16	40,281 (81%)	$20,223	31,526 (64%)	$8,260
2016-17	40,651 (82%)	$21,226	31,816 (64%)	$8,607
2017-18	41,417 (82%)	$22,240	31,394 (64%)	$8,415
2018-19	42,287 (82%)	$23,514	30,794 (62%)	$8,235
2019-20	42,966 (85%)	$24,945	30,258 (61%)	$8,843
2020-21	41,506 (87%)	$24,313	25,634 (58%)	$8,048
2021-22	43,451 (87%)	$26,391	27,452 (58%)	$8,430
Average	41,305 (82.89%)	$22,149	30,376 (62.78%)	$8,365

^*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, 13,771 (32.11 % of students) received Pell (federal) grants and its average amount is $4,620. In addition, 11,772 students received State/local government grants/scholarships (23.00 % 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	13,768 (33%)	$4,366	7,566 (15%)	$1,434	13,744 (24%)	$1,760	35,625 (76%)	$16,607
2014-15	13,874 (34%)	$4,282	7,662 (16%)	$1,424	13,765 (25%)	$1,727	36,623 (77%)	$16,913
2015-16	13,592 (32%)	$4,432	7,825 (16%)	$1,448	13,485 (23%)	$1,992	37,104 (77%)	$18,261
2016-17	13,687 (31%)	$4,451	7,859 (16%)	$1,389	10,672 (21%)	$2,276	38,707 (79%)	$19,250
2017-18	14,532 (33%)	$4,600	8,871 (17%)	$1,405	11,361 (23%)	$2,051	39,546 (78%)	$20,190
2018-19	14,283 (32%)	$4,738	8,645 (19%)	$1,533	11,022 (22%)	$2,035	40,587 (79%)	$21,692
2019-20	14,052 (31%)	$4,874	15,319 (31%)	$1,615	11,306 (21%)	$2,225	41,232 (81%)	$22,455
2020-21	12,905 (32%)	$4,893	15,716 (33%)	$1,806	10,526 (26%)	$2,245	39,405 (83%)	$22,415
2021-22	13,246 (31%)	$4,942	17,380 (36%)	$2,018	10,069 (22%)	$2,738	40,977 (82%)	$24,308
Average	13,771 (32.11%)	$4,620	10,760 (22.11%)	$1,564	11,772 (23.00%)	$2,117	38,867 (79.11%)	$20,232

^*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, 30,376 (62.78 % of students) get any students loan help and its average loan amount is $30,376.

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	32,129 (67%)	$8,262	31,421 (66%)	$6,022	5,764 (14%)	$13,470
2014-15	32,385 (67%)	$8,186	31,674 (65%)	$5,803	5,705 (15%)	$13,087
2015-16	31,526 (64%)	$8,260	30,621 (62%)	$5,669	5,972 (15%)	$14,097
2016-17	31,816 (64%)	$8,607	31,036 (63%)	$5,598	6,348 (16%)	$14,845
2017-18	31,394 (64%)	$8,415	30,623 (62%)	$5,493	6,589 (15%)	$15,405
2018-19	30,794 (62%)	$8,235	29,908 (61%)	$5,131	7,145 (14%)	$15,028
2019-20	30,258 (61%)	$8,843	29,386 (60%)	$5,085	7,344 (15%)	$16,125
2020-21	25,634 (58%)	$8,048	24,685 (57%)	$5,076	5,337 (12%)	$15,656
2021-22	27,452 (58%)	$8,430	26,573 (56%)	$4,967	6,062 (13%)	$18,344
Average	30,376 (62.78%)	$8,365	29,547 (61.33%)	$5,427	6,252 (14.33%)	$15,117

Most Searched Massachusetts Colleges (last 30 days)

4-Year Colleges

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Graduate

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

All Undergraduate Students Financial Aid Over Time

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