Scholarships, Grants, and Loan Trends at ISU

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 21,268, which is 74.22 % of all undergraduate students. 14,137 students which is 49.22% of undergraduate students received federal student loans and the average loan amount is $6,135.
For full-time, first-time beginning students (freshmen), 80.44% of students received grants or scholarships and 50% 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 Iowa State University since 2013.
For that period, the average number of students who received grants aid/scholarships is 21,268, which is 74.22 % of all undergraduate students. 14,137 students which is 49.22% of undergraduate students received federal student loans and the average loan amount is $6,135.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1419,479 (70%)$6,5896,040 (22%)$4,20014,449 (52%)$6,290
2014-1519,325 (67%)$6,5526,167 (21%)$4,22015,081 (52%)$6,201
2015-1620,544 (68%)$6,6636,296 (21%)$4,22315,002 (50%)$6,204
2016-1721,114 (69%)$7,0286,299 (21%)$4,30415,105 (49%)$6,185
2017-1821,604 (71%)$7,5386,425 (21%)$4,43814,990 (49%)$6,158
2018-1921,476 (73%)$7,8896,212 (21%)$4,47614,118 (48%)$5,966
2019-2027,377 (97%)$6,4975,766 (20%)$4,58513,591 (48%)$5,998
2020-2119,984 (74%)$8,6595,312 (20%)$4,73612,868 (48%)$6,142
2021-2220,513 (79%)$9,4614,941 (19%)$4,82612,029 (47%)$6,070
Average21,268 (74.22%)$7,4315,940 (20.67%)$4,44514,137 (49.22%)$6,135

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

For the last 10 years, on average, 4,601 (80.44 % of students) received grants or scholarships and its average amount is $8,227. It can cover 29.72% of tuition & fees ($27,683) based on out-of-state rate.
In addition, 2,870 (49.89 % of students) students get helped from the students loans (average amount : $7,328).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-144,614 (76%)$7,1373,093 (51%)$6,868
2014-154,550 (76%)$7,3813,110 (52%)$6,532
2015-164,768 (79%)$7,4252,970 (49%)$6,899
2016-174,787 (78%)$7,8823,103 (50%)$7,208
2017-184,607 (80%)$7,9902,904 (50%)$7,431
2018-194,828 (82%)$8,0632,993 (51%)$7,711
2019-204,700 (86%)$8,2872,777 (51%)$8,003
2020-214,310 (87%)$8,8332,385 (48%)$7,684
2021-224,245 (80%)$11,0432,498 (47%)$7,620
Average4,601 (80.44%)$8,2272,870 (49.89%)$7,328
*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 10 years, on average, 1,117 (19.44 % of students) received Pell (federal) grants and its average amount is $4,425.
In addition, 62 students received State/local government grants/scholarships (1.25 % 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
2013-141,213 (20%)$4,116291 (5%)$1,12799 (2%)$6,3054,556 (75%)$5,923
2014-151,193 (20%)$4,164626 (10%)$1,75579 (1%)$6,8364,428 (74%)$6,092
2015-161,162 (19%)$4,168334 (6%)$78872 (1%)$5,2704,686 (78%)$6,384
2016-171,224 (20%)$4,341337 (5%)$748116 (2%)$5,0744,697 (76%)$6,723
2017-181,087 (19%)$4,445314 (5%)$1,22212 (0%)$3,4444,504 (78%)$7,005
2018-191,171 (20%)$4,431350 (6%)$1,05967 (1%)$4,4284,697 (79%)$7,041
2019-201,084 (20%)$4,5581,235 (23%)$1,56143 (1%)$4,3344,562 (83%)$6,992
2020-21896 (18%)$4,8181,448 (29%)$1,68729 (1%)$3,9304,199 (84%)$7,429
2021-221,022 (19%)$4,7842,262 (42%)$2,43338 (1%)$4,3763,873 (73%)$9,377
Average1,117 (19.44%)$4,425800 (14.56%)$1,37662 (1.25%)$4,8894,467 (77.78%)$6,996
*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 10 years, on average, 2,870 (49.89 % of students) get any students loan help and its average loan amount is $2,870.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-143,093 (51%)$6,8683,035 (50%)$5,432487 (8%)$9,768
2014-153,110 (52%)$6,5323,071 (51%)$5,292468 (8%)$8,679
2015-162,970 (49%)$6,8992,907 (48%)$5,284540 (9%)$9,499
2016-173,103 (50%)$7,2083,059 (50%)$5,405560 (9%)$10,414
2017-182,904 (50%)$7,4312,849 (49%)$5,309583 (10%)$11,070
2018-192,993 (51%)$7,7112,935 (50%)$5,134691 (12%)$11,594
2019-202,777 (51%)$8,0032,720 (50%)$5,142729 (13%)$11,299
2020-212,385 (48%)$7,6842,336 (47%)$5,202531 (11%)$11,630
2021-222,498 (47%)$7,6202,448 (46%)$5,166542 (10%)$11,787
Average2,870 (49.89%)$7,3282,818 (49.00%)$5,263570 (10.00%)$10,638
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