How Hope College of Arts and Sciences'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 Hope College of Arts and Sciences since 2015.

For that period, the average number of students who received grants aid/scholarships is 55, which is 34.14 % of all undergraduate students. 62 students which is 39.71% of undergraduate students received federal student loans and the average loan amount is $7,261.

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
2015-16	10 (9%)	$3,045	8 (7%)	$3,807	8 (7%)	$6,834
2016-17	90 (69%)	$2,684	90 (69%)	$2,581	98 (75%)	$6,247
2017-18	97 (71%)	$4,584	97 (71%)	$4,584	134 (98%)	$5,503
2018-19	94 (51%)	$4,982	94 (51%)	$4,982	115 (63%)	$6,625
2019-20	22 (8%)	$3,355	22 (8%)	$3,355	20 (7%)	$9,156
2020-21	20 (11%)	$5,119	17 (10%)	$5,187	16 (9%)	$11,938
2021-22	49 (20%)	$6,101	27 (11%)	$3,365	46 (19%)	$4,524
Average	55 (34.14%)	$4,267	51 (32.43%)	$3,980	62 (39.71%)	$7,261

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

Overview

For the last 8 years, on average, 13 (52.83 % of students) received grants or scholarships and its average amount is $4,663. It can cover 15.14% of tuition & fees ($30,791).

In addition, 16 (56.20 % of students) students get helped from the students loans (average amount : $5,845).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2015-16	-	-	-	-
2016-17	22 (100%)	$3,318	22 (100%)	$4,700
2017-18	21 (75%)	$5,811	25 (89%)	$5,801
2018-19	25 (71%)	$4,649	25 (71%)	$6,961
2019-20	6 (17%)	$2,969	6 (17%)	$6,400
2020-21	3 (50%)	$4,733	-	-
2021-22	1 (4%)	$6,495	1 (4%)	$5,364
Average	13 (52.83%)	$4,663	16 (56.20%)	$5,845

^*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 8 years, on average, 15 (53.40 % of students) received Pell (federal) grants and its average amount is $4,566.

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
2015-16	-	-	-	-	-	-	-	-
2016-17	22 (100%)	$2,908	1 (5%)	$9,027	-	-	-	-
2017-18	21 (75%)	$5,811	-	-	-	-	-	-
2018-19	25 (71%)	$4,649	-	-	-	-	-	-
2019-20	6 (17%)	$2,969	-	-	-	-	-	-
2020-21	-	-	-	-	-	-	3 (50%)	$4,733
2021-22	1 (4%)	$6,495	-	-	-	-	-	-
Average	15 (53.40%)	$4,566	1 (5.00%)	$9,027	-	-	3 (50.00%)	$4,733

^*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 8 years, on average, 16 (56.20 % of students) get any students loan help and its average loan amount is $16.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2015-16	-	-	-	-	-	-
2016-17	22 (100%)	$4,700	22 (100%)	$4,700	-	-
2017-18	25 (89%)	$5,801	25 (89%)	$5,801	-	-
2018-19	25 (71%)	$6,961	25 (71%)	$6,961	-	-
2019-20	6 (17%)	$6,400	6 (17%)	$6,400	-	-
2020-21	-	-	-	-	-	-
2021-22	1 (4%)	$5,364	1 (4%)	$5,364	-	-
Average	16 (56.20%)	$5,845	16 (56.20%)	$5,845	-	-

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Scholarships, Grants, and Loan Trends at Hope College of Arts and Sciences

All Undergraduate Students Financial Aid Over Time

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