Scholarships, Grants, and Loan Trends at HCI

Over the past 7 years (2016-2022), the average number of students who received grants aid/scholarships is 142, which is 28.83 % of all undergraduate students. 148 students which is 30.33% of undergraduate students received federal student loans and the average loan amount is $8,615.
For full-time, first-time beginning students (freshmen), 57.33% of students received grants or scholarships and 59% 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 HCI College since 2016.
For that period, the average number of students who received grants aid/scholarships is 142, which is 28.83 % of all undergraduate students. 148 students which is 30.33% of undergraduate students received federal student loans and the average loan amount is $8,615.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2016-1741 (12%)$3,55541 (12%)$3,55555 (16%)$11,561
2017-18199 (45%)$3,859157 (36%)$4,478199 (45%)$9,340
2018-19135 (33%)$4,328135 (33%)$4,328177 (44%)$6,699
2019-20255 (40%)$5,007163 (25%)$5,391212 (33%)$9,990
2020-21178 (25%)$6,007144 (20%)$6,138207 (29%)$10,006
2021-2244 (18%)$9,21036 (15%)$7,16536 (15%)$4,091
Average142 (28.83%)$5,328113 (23.50%)$5,176148 (30.33%)$8,615

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

For the last 7 years, on average, 23 (57.33 % of students) received grants or scholarships and its average amount is $5,079. It can cover 26.46% of tuition & fees ($19,196).
In addition, 25 (59.17 % of students) students get helped from the students loans (average amount : $8,786).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2016-1717 (43%)$3,48518 (45%)$11,627
2017-181 (100%)$5,0491 (100%)$9,500
2018-196 (100%)$4,9376 (100%)$9,405
2019-2062 (39%)$5,55259 (38%)$8,392
2020-2127 (19%)$4,00241 (29%)$9,709
2021-2226 (43%)$7,44626 (43%)$4,082
Average23 (57.33%)$5,07925 (59.17%)$8,786
*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 7 years, on average, 18 (53.83 % of students) received Pell (federal) grants and its average amount is $5,247.
In addition, 8 students received State/local government grants/scholarships (5.50 % 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
2016-1717 (43%)$3,485------
2017-181 (100%)$5,049------
2018-196 (100%)$4,937------
2019-2048 (31%)$5,01749 (31%)$1,6618 (5%)$1,68910 (6%)$850
2020-219 (6%)$6,02410 (7%)$1,6998 (6%)$4,606--
2021-2226 (43%)$6,97126 (43%)$475----
Average18 (53.83%)$5,24728 (27.00%)$1,2788 (5.50%)$3,14810 (6.00%)$850
*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 7 years, on average, 25 (59.17 % of students) get any students loan help and its average loan amount is $25.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2016-1718 (45%)$11,62718 (45%)$11,627--
2017-181 (100%)$9,5001 (100%)$9,500--
2018-196 (100%)$9,4056 (100%)$9,405--
2019-2059 (38%)$8,39249 (31%)$8,01759 (38%)$1,734
2020-2141 (29%)$9,70911 (8%)$9,27341 (29%)$7,222
2021-2226 (43%)$4,08226 (43%)$3,95812 (20%)$269
Average25 (59.17%)$8,78619 (54.50%)$8,63037 (29.00%)$3,075
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