Scholarships, Grants, and Loan Trends at Fortis College-Richmond

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 324, which is 71.33 % of all undergraduate students. 284 students which is 62.89% of undergraduate students received federal student loans and the average loan amount is $7,841.
For full-time, first-time beginning students (freshmen), 85.67% of students received grants or scholarships and 85% 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 Fortis College-Richmond since 2013.
For that period, the average number of students who received grants aid/scholarships is 324, which is 71.33 % of all undergraduate students. 284 students which is 62.89% of undergraduate students received federal student loans and the average loan amount is $7,841.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14283 (62%)$4,559277 (61%)$3,476296 (65%)$8,471
2014-15276 (56%)$4,160248 (51%)$4,549294 (60%)$9,921
2015-16215 (51%)$4,712212 (51%)$4,694253 (60%)$8,904
2016-17298 (75%)$4,370296 (74%)$4,223251 (63%)$8,459
2017-18313 (76%)$4,447313 (76%)$4,363286 (70%)$6,575
2018-19308 (72%)$4,889302 (71%)$4,671264 (62%)$7,323
2019-20409 (80%)$5,062382 (74%)$4,604318 (62%)$6,649
2020-21412 (82%)$4,576352 (70%)$4,328321 (64%)$7,361
2021-22401 (88%)$4,547296 (65%)$4,008276 (60%)$6,902
Average324 (71.33%)$4,591298 (65.89%)$4,324284 (62.89%)$7,841

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

For the last 10 years, on average, 64 (85.67 % of students) received grants or scholarships and its average amount is $5,371. It can cover 35.84% of tuition & fees ($14,986).
In addition, 64 (84.67 % of students) students get helped from the students loans (average amount : $8,906).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1480 (89%)$5,78186 (96%)$11,793
2014-1568 (89%)$5,24272 (95%)$11,330
2015-1669 (90%)$5,47275 (97%)$9,860
2016-17114 (88%)$5,108114 (88%)$9,739
2017-1845 (76%)$5,51949 (83%)$5,818
2018-1936 (82%)$6,32335 (80%)$8,589
2019-2072 (91%)$6,36261 (77%)$7,104
2020-2131 (76%)$4,92532 (78%)$8,371
2021-2264 (90%)$3,61048 (68%)$7,546
Average64 (85.67%)$5,37164 (84.67%)$8,906
*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, 61 (81.67 % of students) received Pell (federal) grants and its average amount is $5,145.
In addition, 3 students received State/local government grants/scholarships (4.00 % 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
2013-1479 (88%)$5,21758 (64%)$225--66 (73%)$565
2014-1568 (89%)$5,2165 (7%)$365----
2015-1669 (90%)$5,29556 (73%)$218----
2016-17114 (88%)$4,88984 (65%)$219--85 (66%)$77
2017-1845 (76%)$5,36619 (32%)$272--19 (32%)$91
2018-1936 (82%)$5,72827 (61%)$579--27 (61%)$214
2019-2066 (84%)$5,58945 (57%)$9893 (4%)$6,69026 (33%)$947
2020-2131 (76%)$4,8218 (20%)$300--8 (20%)$100
2021-2244 (62%)$4,18563 (89%)$704--24 (34%)$104
Average61 (81.67%)$5,14541 (52.00%)$4303 (4.00%)$6,69036 (45.57%)$300
*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, 64 (84.67 % of students) get any students loan help and its average loan amount is $64.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1486 (96%)$11,79386 (96%)$11,3736 (7%)$6,014
2014-1572 (95%)$11,33072 (95%)$11,330--
2015-1675 (97%)$9,86075 (97%)$9,860--
2016-17114 (88%)$9,739114 (88%)$9,3746 (5%)$6,937
2017-1849 (83%)$5,81849 (83%)$5,818--
2018-1935 (80%)$8,58935 (80%)$8,5031 (2%)$3,000
2019-2061 (77%)$7,10461 (77%)$6,9894 (5%)$1,755
2020-2132 (78%)$8,37131 (76%)$8,2862 (5%)$5,500
2021-2248 (68%)$7,54647 (66%)$7,5363 (4%)$2,667
Average64 (84.67%)$8,90663 (84.22%)$8,7854 (4.67%)$4,312
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