How Institute for Business and Technology'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 Institute for Business and Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 340, which is 41.78 % of all undergraduate students. 356 students which is 43.56% of undergraduate students received federal student loans and the average loan amount is $7,076.

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	305 (48%)	$3,484	305 (48%)	$3,095	308 (49%)	$5,146
2014-15	203 (51%)	$4,299	198 (50%)	$4,027	205 (52%)	$7,710
2015-16	290 (42%)	$4,005	284 (41%)	$3,681	293 (42%)	$7,505
2016-17	358 (46%)	$4,237	356 (46%)	$4,137	368 (47%)	$7,581
2017-18	387 (41%)	$4,265	380 (40%)	$4,048	420 (44%)	$7,050
2018-19	289 (31%)	$4,137	287 (31%)	$3,951	303 (33%)	$7,291
2019-20	292 (32%)	$4,358	286 (32%)	$4,166	314 (35%)	$7,081
2020-21	465 (44%)	$3,903	403 (38%)	$4,012	487 (46%)	$7,172
2021-22	470 (41%)	$4,222	464 (41%)	$4,067	509 (44%)	$7,145
Average	340 (41.78%)	$4,101	329 (40.78%)	$3,909	356 (43.56%)	$7,076

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

Overview

For the last 10 years, on average, 243 (49.33 % of students) received grants or scholarships and its average amount is $4,072. It can cover 21.98% of tuition & fees ($18,530).

In addition, 267 (54.44 % of students) students get helped from the students loans (average amount : $6,992).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	303 (55%)	$3,115	301 (55%)	$5,266
2014-15	118 (53%)	$4,448	134 (60%)	$6,937
2015-16	203 (47%)	$3,935	202 (47%)	$7,596
2016-17	278 (47%)	$4,134	296 (50%)	$7,484
2017-18	339 (42%)	$4,214	363 (45%)	$7,035
2018-19	234 (33%)	$4,216	238 (34%)	$7,376
2019-20	139 (53%)	$4,206	151 (58%)	$7,021
2020-21	272 (54%)	$4,238	354 (70%)	$7,113
2021-22	305 (60%)	$4,142	361 (71%)	$7,098
Average	243 (49.33%)	$4,072	267 (54.44%)	$6,992

^*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, 241 (48.89 % of students) received Pell (federal) grants and its average amount is $3,923.

In addition, 5 students received State/local government grants/scholarships (1.13 % 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	303 (55%)	$3,115	-	-	-	-	-	-
2014-15	118 (53%)	$4,174	-	-	3 (1%)	$10,769	-	-
2015-16	199 (46%)	$3,676	1 (0%)	$4,111	5 (1%)	$12,642	-	-
2016-17	277 (47%)	$4,029	-	-	5 (1%)	$6,654	-	-
2017-18	334 (41%)	$4,015	-	-	8 (1%)	$10,965	-	-
2018-19	233 (33%)	$4,035	-	-	5 (1%)	$9,278	-	-
2019-20	135 (52%)	$4,024	-	-	4 (2%)	$10,341	-	-
2020-21	268 (53%)	$4,166	-	-	6 (1%)	$6,028	-	-
2021-22	305 (60%)	$4,072	-	-	3 (1%)	$7,132	-	-
Average	241 (48.89%)	$3,923	1 (0.00%)	$4,111	5 (1.13%)	$9,226	-	-

^*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, 267 (54.44 % of students) get any students loan help and its average loan amount is $267.

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	301 (55%)	$5,266	301 (55%)	$5,266	-	-
2014-15	134 (60%)	$6,937	134 (60%)	$6,937	-	-
2015-16	202 (47%)	$7,596	202 (47%)	$7,596	-	-
2016-17	296 (50%)	$7,484	296 (50%)	$7,484	-	-
2017-18	363 (45%)	$7,035	363 (45%)	$7,035	-	-
2018-19	238 (34%)	$7,376	238 (34%)	$7,376	-	-
2019-20	151 (58%)	$7,021	151 (58%)	$7,021	-	-
2020-21	354 (70%)	$7,113	354 (70%)	$7,113	-	-
2021-22	361 (71%)	$7,098	361 (71%)	$7,098	-	-
Average	267 (54.44%)	$6,992	267 (54.44%)	$6,992	-	-

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Scholarships, Grants, and Loan Trends at Institute for Business and Technology

All Undergraduate Students Financial Aid Over Time

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