How IHCC'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 Inver Hills Community College since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,470, which is 52.00 % of all undergraduate students. 1,308 students which is 26.11% of undergraduate students received federal student loans and the average loan amount is $5,835.

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	3,020 (51%)	$3,098	1,999 (34%)	$3,022	2,277 (38%)	$5,892
2014-15	2,889 (48%)	$3,237	1,861 (31%)	$3,103	1,991 (33%)	$5,865
2015-16	2,531 (46%)	$3,398	1,597 (29%)	$3,161	1,711 (31%)	$5,836
2016-17	2,375 (47%)	$3,453	1,359 (27%)	$3,118	1,429 (28%)	$5,626
2017-18	2,243 (50%)	$3,493	1,160 (26%)	$3,238	1,144 (26%)	$5,872
2018-19	2,023 (47%)	$3,667	1,063 (25%)	$3,356	1,014 (24%)	$5,602
2019-20	2,685 (64%)	$3,006	1,005 (24%)	$3,347	898 (21%)	$5,732
2020-21	2,230 (55%)	$4,183	895 (22%)	$3,512	723 (18%)	$5,997
2021-22	2,234 (60%)	$4,070	882 (24%)	$3,228	585 (16%)	$6,096
Average	2,470 (52.00%)	$3,512	1,313 (26.89%)	$3,232	1,308 (26.11%)	$5,835

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

Overview

For the last 10 years, on average, 211 (55.78 % of students) received grants or scholarships and its average amount is $4,341. It can cover 72.26% of tuition & fees ($6,007) based on out-of-state rate.

In addition, 126 (31.33 % of students) students get helped from the students loans (average amount : $4,705).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	237 (51%)	$4,074	180 (38%)	$4,981
2014-15	225 (48%)	$3,975	182 (39%)	$4,779
2015-16	218 (50%)	$4,381	182 (42%)	$4,987
2016-17	213 (49%)	$3,957	159 (37%)	$4,354
2017-18	191 (47%)	$4,578	121 (30%)	$4,725
2018-19	192 (51%)	$4,264	105 (28%)	$4,681
2019-20	266 (83%)	$3,298	99 (31%)	$4,542
2020-21	180 (59%)	$5,298	59 (19%)	$4,261
2021-22	174 (64%)	$5,240	48 (18%)	$5,032
Average	211 (55.78%)	$4,341	126 (31.33%)	$4,705

^*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, 154 (40.00 % of students) received Pell (federal) grants and its average amount is $4,139.

In addition, 158 students received State/local government grants/scholarships (41.11 % 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	202 (43%)	$4,040	16 (3%)	$991	183 (39%)	$698	5 (1%)	$1,169
2014-15	175 (38%)	$4,049	7 (2%)	$813	187 (40%)	$889	11 (2%)	$1,263
2015-16	184 (42%)	$4,159	12 (3%)	$873	166 (38%)	$910	11 (3%)	$2,565
2016-17	173 (40%)	$3,667	10 (2%)	$987	175 (41%)	$930	13 (3%)	$2,755
2017-18	147 (36%)	$4,277	10 (2%)	$1,100	159 (39%)	$1,016	26 (6%)	$2,807
2018-19	145 (39%)	$4,111	5 (1%)	$840	165 (44%)	$1,142	18 (5%)	$1,667
2019-20	134 (42%)	$4,277	227 (71%)	$380	143 (45%)	$1,242	17 (5%)	$2,367
2020-21	119 (39%)	$4,600	132 (43%)	$1,319	129 (42%)	$1,358	43 (14%)	$1,325
2021-22	111 (41%)	$4,073	138 (51%)	$1,769	115 (42%)	$1,351	37 (14%)	$1,626
Average	154 (40.00%)	$4,139	62 (19.78%)	$1,008	158 (41.11%)	$1,060	20 (5.89%)	$1,949

^*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, 126 (31.33 % of students) get any students loan help and its average loan amount is $126.

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	180 (38%)	$4,981	179 (38%)	$4,939	2 (0%)	$6,250
2014-15	182 (39%)	$4,779	181 (39%)	$4,679	4 (1%)	$5,750
2015-16	182 (42%)	$4,987	182 (42%)	$4,946	1 (0%)	$7,500
2016-17	159 (37%)	$4,354	159 (37%)	$4,354	-	-
2017-18	121 (30%)	$4,725	120 (30%)	$4,718	1 (0%)	$5,571
2018-19	105 (28%)	$4,681	105 (28%)	$4,681	-	-
2019-20	99 (31%)	$4,542	98 (31%)	$4,557	1 (0%)	$3,000
2020-21	59 (19%)	$4,261	57 (19%)	$4,102	3 (1%)	$5,858
2021-22	48 (18%)	$5,032	46 (17%)	$4,936	3 (1%)	$4,823
Average	126 (31.33%)	$4,705	125 (31.22%)	$4,657	2 (1.00%)	$5,536

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Scholarships, Grants, and Loan Trends at IHCC

All Undergraduate Students Financial Aid Over Time

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