Scholarships, Grants, and Loan Trends at FIT

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,511, which is 67.22 % of all undergraduate students. 1,237 students which is 55.00% of undergraduate students received federal student loans and the average loan amount is $7,361.

For full-time, first-time beginning students (freshmen), 76.00% of students received grants or scholarships and 75% of students received student loans.

School Home 2023 Financial Aid

There are multiple same-named institutes of Institute of Technology. This page describes a school located in Clovis, CA. You may want to view a school located in another city and/or state on the Institute of Technology locations page.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,511, which is 67.22 % of all undergraduate students. 1,237 students which is 55.00% of undergraduate students received federal student loans and the average loan amount is $7,361.

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	2,568 (82%)	$4,395	2,181 (70%)	$3,633	2,168 (69%)	$5,910
2014-15	1,442 (57%)	$5,781	1,038 (41%)	$5,388	996 (39%)	$8,774
2015-16	1,763 (80%)	$5,413	1,620 (73%)	$4,532	1,563 (71%)	$6,155
2016-17	1,314 (69%)	$5,093	1,174 (61%)	$4,042	997 (52%)	$7,937
2017-18	1,181 (64%)	$5,173	1,078 (59%)	$4,123	1,194 (65%)	$6,311
2018-19	1,209 (61%)	$5,273	1,108 (56%)	$4,056	933 (47%)	$7,091
2019-20	1,369 (64%)	$5,867	1,166 (55%)	$4,059	945 (44%)	$8,013
2020-21	1,430 (68%)	$7,196	1,134 (54%)	$5,457	1,173 (56%)	$8,400
2021-22	1,324 (60%)	$5,525	1,214 (55%)	$4,530	1,160 (52%)	$7,660
Average	1,511 (67.22%)	$5,524	1,301 (58.22%)	$4,424	1,237 (55.00%)	$7,361

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

Overview

For the last 10 years, on average, 758 (76.00 % of students) received grants or scholarships and its average amount is $5,320. It can cover 15.89% of tuition & fees ($33,474).

In addition, 748 (75.33 % of students) students get helped from the students loans (average amount : $7,260).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,198 (84%)	$4,377	1,076 (75%)	$6,444
2014-15	774 (62%)	$5,425	812 (65%)	$7,783
2015-16	833 (79%)	$4,595	752 (71%)	$5,318
2016-17	714 (76%)	$4,589	743 (79%)	$8,127
2017-18	596 (73%)	$4,673	690 (84%)	$6,578
2018-19	630 (71%)	$4,820	624 (70%)	$6,845
2019-20	670 (77%)	$6,083	595 (68%)	$7,749
2020-21	764 (89%)	$7,476	721 (84%)	$8,567
2021-22	645 (73%)	$5,846	722 (82%)	$7,931
Average	758 (76.00%)	$5,320	748 (75.33%)	$7,260

^*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, 711 (71.00 % of students) received Pell (federal) grants and its average amount is $4,536.

In addition, 59 students received State/local government grants/scholarships (6.11 % 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	1,141 (80%)	$3,821	489 (34%)	$159	73 (5%)	$5,093	233 (16%)	$1,864
2014-15	690 (55%)	$5,358	474 (38%)	$313	38 (3%)	$3,578	148 (12%)	$1,472
2015-16	798 (75%)	$4,131	407 (38%)	$129	57 (5%)	$6,121	95 (9%)	$1,363
2016-17	697 (74%)	$4,211	410 (43%)	$195	37 (4%)	$6,152	19 (2%)	$1,805
2017-18	582 (71%)	$4,333	329 (40%)	$179	40 (5%)	$4,788	7 (1%)	$1,855
2018-19	611 (69%)	$4,208	440 (49%)	$276	61 (7%)	$4,898	17 (2%)	$2,663
2019-20	587 (67%)	$4,309	556 (64%)	$1,580	112 (13%)	$5,728	10 (1%)	$2,650
2020-21	676 (78%)	$5,462	721 (84%)	$2,253	62 (7%)	$5,964	7 (1%)	$3,564
2021-22	614 (70%)	$4,988	498 (56%)	$585	49 (6%)	$7,929	8 (1%)	$3,601
Average	711 (71.00%)	$4,536	480 (49.56%)	$630	59 (6.11%)	$5,583	60 (5.00%)	$2,315

^*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, 748 (75.33 % of students) get any students loan help and its average loan amount is $748.

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	1,076 (75%)	$6,444	1,067 (75%)	$6,358	416 (29%)	$358
2014-15	812 (65%)	$7,783	706 (57%)	$8,803	360 (29%)	$293
2015-16	752 (71%)	$5,318	739 (70%)	$5,249	326 (31%)	$369
2016-17	743 (79%)	$8,127	693 (73%)	$8,512	378 (40%)	$370
2017-18	690 (84%)	$6,578	648 (79%)	$6,823	255 (31%)	$460
2018-19	624 (70%)	$6,845	558 (63%)	$7,448	294 (33%)	$392
2019-20	595 (68%)	$7,749	501 (57%)	$8,615	375 (43%)	$784
2020-21	721 (84%)	$8,567	692 (80%)	$8,382	451 (52%)	$835
2021-22	722 (82%)	$7,931	643 (73%)	$8,174	415 (47%)	$1,132
Average	748 (75.33%)	$7,260	694 (69.67%)	$7,596	363 (37.22%)	$555

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