How Furman'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 Furman University since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,469, which is 92.78 % of all undergraduate students. 806 students which is 30.22% of undergraduate students received federal student loans and the average loan amount is $6,795.

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	2,445 (87%)	$26,404	375 (13%)	$4,231	876 (31%)	$7,521
2014-15	2,513 (89%)	$27,648	359 (13%)	$4,463	860 (31%)	$7,893
2015-16	2,469 (90%)	$29,861	318 (12%)	$4,552	813 (30%)	$7,248
2016-17	2,654 (95%)	$30,870	358 (13%)	$4,312	907 (32%)	$6,900
2017-18	2,628 (96%)	$32,813	381 (14%)	$4,601	904 (33%)	$6,589
2018-19	2,603 (94%)	$32,702	374 (14%)	$4,553	869 (31%)	$6,228
2019-20	2,527 (94%)	$33,297	333 (12%)	$4,481	771 (29%)	$6,391
2020-21	2,178 (94%)	$34,738	255 (11%)	$4,742	615 (27%)	$6,181
2021-22	2,206 (96%)	$35,600	255 (11%)	$4,780	643 (28%)	$6,208
Average	2,469 (92.78%)	$31,548	334 (12.56%)	$4,524	806 (30.22%)	$6,795

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

Overview

For the last 10 years, on average, 653 (96.00 % of students) received grants or scholarships and its average amount is $30,484. It can cover 52.28% of tuition & fees ($58,312).

In addition, 232 (33.67 % of students) students get helped from the students loans (average amount : $8,452).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	719 (95%)	$26,555	265 (35%)	$9,061
2014-15	703 (97%)	$27,818	271 (37%)	$8,995
2015-16	649 (97%)	$29,453	247 (37%)	$7,716
2016-17	747 (100%)	$30,434	272 (36%)	$7,584
2017-18	657 (94%)	$30,828	262 (37%)	$7,237
2018-19	657 (92%)	$29,884	228 (32%)	$9,093
2019-20	602 (93%)	$29,810	179 (28%)	$9,806
2020-21	493 (96%)	$33,191	151 (29%)	$8,612
2021-22	652 (100%)	$36,384	211 (32%)	$7,962
Average	653 (96.00%)	$30,484	232 (33.67%)	$8,452

^*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, 85 (12.56 % of students) received Pell (federal) grants and its average amount is $4,626.

In addition, 173 students received State/local government grants/scholarships (25.33 % 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	87 (12%)	$4,356	87 (12%)	$828	152 (20%)	$7,685	719 (95%)	$24,303
2014-15	99 (14%)	$4,713	91 (13%)	$1,000	188 (26%)	$7,294	699 (97%)	$25,217
2015-16	85 (13%)	$4,438	76 (11%)	$980	163 (24%)	$7,411	649 (97%)	$26,895
2016-17	107 (14%)	$4,459	97 (13%)	$995	198 (26%)	$7,594	747 (100%)	$27,653
2017-18	104 (15%)	$4,599	92 (13%)	$981	176 (25%)	$7,380	656 (94%)	$28,028
2018-19	88 (12%)	$4,458	80 (11%)	$975	177 (25%)	$7,682	652 (91%)	$27,306
2019-20	61 (9%)	$4,550	277 (43%)	$989	164 (25%)	$7,724	589 (91%)	$27,380
2020-21	55 (11%)	$4,964	52 (10%)	$1,054	139 (27%)	$7,772	476 (93%)	$31,418
2021-22	82 (13%)	$5,095	81 (12%)	$1,456	197 (30%)	$7,837	652 (100%)	$33,194
Average	85 (12.56%)	$4,626	104 (15.33%)	$1,029	173 (25.33%)	$7,598	649 (95.33%)	$27,933

^*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, 232 (33.67 % of students) get any students loan help and its average loan amount is $232.

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	265 (35%)	$9,061	260 (34%)	$6,290	40 (5%)	$19,140
2014-15	271 (37%)	$8,995	267 (37%)	$6,597	34 (5%)	$19,887
2015-16	247 (37%)	$7,716	242 (36%)	$5,421	36 (5%)	$16,505
2016-17	272 (36%)	$7,584	268 (36%)	$5,358	34 (5%)	$18,442
2017-18	262 (37%)	$7,237	257 (37%)	$5,264	28 (4%)	$19,396
2018-19	228 (32%)	$9,093	220 (31%)	$5,168	49 (7%)	$19,106
2019-20	179 (28%)	$9,806	168 (26%)	$5,156	39 (6%)	$22,798
2020-21	151 (29%)	$8,612	143 (28%)	$5,170	27 (5%)	$20,783
2021-22	211 (32%)	$7,962	206 (32%)	$5,246	29 (4%)	$20,672
Average	232 (33.67%)	$8,452	226 (33.00%)	$5,519	35 (5.11%)	$19,637

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Scholarships, Grants, and Loan Trends at Furman

All Undergraduate Students Financial Aid Over Time

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