How Grace College and Theological Seminary'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 Grace College and Theological Seminary since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,361, which is 79.33 % of all undergraduate students. 935 students which is 54.22% of undergraduate students received federal student loans and the average loan amount is $6,853.

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	1,224 (76%)	$13,467	485 (30%)	$3,885	919 (57%)	$7,379
2014-15	1,323 (71%)	$15,363	538 (29%)	$3,887	953 (51%)	$7,396
2015-16	1,426 (74%)	$13,883	547 (28%)	$3,901	1,016 (53%)	$7,306
2016-17	1,462 (76%)	$12,216	558 (29%)	$4,001	1,046 (54%)	$7,145
2017-18	1,424 (81%)	$12,043	538 (31%)	$4,043	991 (56%)	$7,206
2018-19	1,378 (85%)	$12,448	519 (32%)	$4,316	938 (58%)	$6,280
2019-20	1,355 (84%)	$13,420	493 (30%)	$4,208	891 (55%)	$6,291
2020-21	1,319 (83%)	$17,052	484 (30%)	$4,873	838 (53%)	$6,371
2021-22	1,341 (84%)	$18,297	482 (30%)	$5,069	822 (51%)	$6,299
Average	1,361 (79.33%)	$14,243	516 (29.89%)	$4,243	935 (54.22%)	$6,853

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

Overview

For the last 10 years, on average, 366 (96.56 % of students) received grants or scholarships and its average amount is $15,925. It can cover 55.02% of tuition & fees ($28,942).

In addition, 235 (62.11 % of students) students get helped from the students loans (average amount : $7,530).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	353 (95%)	$14,428	51 (14%)	$8,857
2014-15	381 (96%)	$16,184	295 (75%)	$7,137
2015-16	370 (96%)	$14,225	278 (72%)	$7,069
2016-17	398 (100%)	$13,531	279 (70%)	$8,026
2017-18	349 (100%)	$13,040	251 (72%)	$8,393
2018-19	311 (97%)	$14,331	228 (71%)	$7,016
2019-20	334 (92%)	$16,442	219 (60%)	$7,770
2020-21	390 (100%)	$19,892	253 (65%)	$6,913
2021-22	407 (93%)	$21,252	262 (60%)	$6,586
Average	366 (96.56%)	$15,925	235 (62.11%)	$7,530

^*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, 140 (37.11 % of students) received Pell (federal) grants and its average amount is $4,312.

In addition, 122 students received State/local government grants/scholarships (32.11 % 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	137 (37%)	$3,978	-	-	107 (29%)	$4,700	333 (90%)	$12,147
2014-15	163 (41%)	$3,935	12 (3%)	$1,825	121 (31%)	$5,684	371 (94%)	$12,979
2015-16	129 (34%)	$4,085	-	-	115 (30%)	$6,044	361 (94%)	$11,195
2016-17	142 (36%)	$4,007	147 (37%)	$4,523	113 (28%)	$5,960	398 (100%)	$8,738
2017-18	137 (39%)	$4,195	33 (9%)	$1,130	114 (33%)	$7,112	349 (100%)	$8,963
2018-19	126 (39%)	$4,402	6 (2%)	$1,000	113 (35%)	$6,831	297 (93%)	$10,520
2019-20	124 (34%)	$4,224	75 (21%)	$808	113 (31%)	$7,414	326 (90%)	$12,483
2020-21	145 (37%)	$4,552	93 (24%)	$944	146 (37%)	$6,904	390 (100%)	$15,390
2021-22	160 (37%)	$5,429	93 (21%)	$948	154 (35%)	$7,597	403 (92%)	$16,186
Average	140 (37.11%)	$4,312	66 (16.71%)	$1,597	122 (32.11%)	$6,472	359 (94.78%)	$12,067

^*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, 235 (62.11 % of students) get any students loan help and its average loan amount is $235.

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	51 (14%)	$8,857	30 (8%)	$6,717	21 (6%)	$11,913
2014-15	295 (75%)	$7,137	269 (68%)	$6,502	33 (8%)	$10,799
2015-16	278 (72%)	$7,069	259 (67%)	$6,658	19 (5%)	$12,676
2016-17	279 (70%)	$8,026	279 (70%)	$6,519	34 (9%)	$12,359
2017-18	251 (72%)	$8,393	250 (72%)	$6,679	35 (10%)	$12,484
2018-19	228 (71%)	$7,016	226 (71%)	$5,180	32 (10%)	$13,407
2019-20	219 (60%)	$7,770	216 (60%)	$5,384	39 (11%)	$13,816
2020-21	253 (65%)	$6,913	253 (65%)	$5,514	33 (8%)	$10,726
2021-22	262 (60%)	$6,586	262 (60%)	$5,366	28 (6%)	$11,418
Average	235 (62.11%)	$7,530	227 (60.11%)	$6,058	30 (8.11%)	$12,178

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Scholarships, Grants, and Loan Trends at Grace College and Theological Seminary

All Undergraduate Students Financial Aid Over Time

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