Scholarships, Grants, and Loan Trends at Ivy Tech CC

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 41,068, which is 49.22 % of all undergraduate students. 17,036 students which is 20.22% of undergraduate students received federal student loans and the average loan amount is $4,199.
For full-time, first-time beginning students (freshmen), 69.78% of students received grants or scholarships and 22% 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 Ivy Tech Community College since 2013.
For that period, the average number of students who received grants aid/scholarships is 41,068, which is 49.22 % of all undergraduate students. 17,036 students which is 20.22% of undergraduate students received federal student loans and the average loan amount is $4,199.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1453,661 (55%)$4,23549,897 (52%)$3,69932,771 (34%)$4,470
2014-1547,975 (53%)$4,47844,402 (49%)$3,82827,075 (30%)$4,300
2015-1640,056 (49%)$4,40436,485 (45%)$3,77220,509 (25%)$4,288
2016-1735,560 (45%)$4,50431,534 (40%)$3,88817,534 (22%)$4,312
2017-1832,704 (43%)$4,44128,492 (38%)$3,79214,645 (19%)$4,087
2018-1931,277 (43%)$4,10926,544 (37%)$3,46112,879 (18%)$4,053
2019-2030,640 (42%)$4,11225,413 (35%)$3,45111,699 (16%)$4,131
2020-2150,750 (58%)$3,85822,692 (26%)$3,9009,198 (10%)$3,975
2021-2246,987 (55%)$4,69720,872 (24%)$3,9407,017 (8%)$4,178
Average41,068 (49.22%)$4,31531,815 (38.44%)$3,74817,036 (20.22%)$4,199

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

For the last 10 years, on average, 4,122 (69.78 % of students) received grants or scholarships and its average amount is $6,088. It can cover 64.32% of tuition & fees ($9,465) based on out-of-state rate.
In addition, 1,394 (21.78 % of students) students get helped from the students loans (average amount : $4,250).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-146,306 (72%)$5,3783,024 (34%)$4,526
2014-155,103 (71%)$5,8322,316 (32%)$4,318
2015-164,195 (65%)$5,8671,579 (24%)$4,333
2016-173,360 (63%)$6,0481,265 (24%)$4,295
2017-183,060 (64%)$6,387965 (20%)$3,948
2018-193,768 (63%)$5,9431,096 (18%)$4,019
2019-204,255 (65%)$5,7171,158 (18%)$4,054
2020-213,796 (87%)$5,823634 (14%)$4,221
2021-223,251 (78%)$7,799505 (12%)$4,535
Average4,122 (69.78%)$6,0881,394 (21.78%)$4,250
*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, 3,485 (57.44 % of students) received Pell (federal) grants and its average amount is $4,663.
In addition, 2,287 students received State/local government grants/scholarships (39.44 % 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
2013-145,931 (68%)$4,494657 (7%)$5742,725 (31%)$2,292829 (9%)$772
2014-154,738 (66%)$4,624581 (8%)$5902,503 (35%)$2,785765 (11%)$705
2015-163,834 (59%)$4,524569 (9%)$5952,298 (36%)$2,803699 (11%)$698
2016-173,030 (57%)$4,581532 (10%)$6032,127 (40%)$2,678599 (11%)$706
2017-182,718 (57%)$4,778308 (6%)$5542,049 (43%)$2,922538 (11%)$738
2018-193,285 (55%)$4,444606 (10%)$5932,404 (40%)$2,877890 (15%)$585
2019-203,568 (55%)$4,271622 (10%)$6922,792 (43%)$2,885807 (12%)$740
2020-212,117 (48%)$5,0713,579 (82%)$1,3231,791 (41%)$3,014973 (22%)$1,268
2021-222,147 (52%)$5,1812,701 (65%)$2,5421,896 (46%)$3,1971,112 (27%)$1,171
Average3,485 (57.44%)$4,6631,128 (23.00%)$8962,287 (39.44%)$2,828801 (14.33%)$820
*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, 1,394 (21.78 % of students) get any students loan help and its average loan amount is $1,394.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-143,024 (34%)$4,5263,005 (34%)$4,49734 (0%)$5,070
2014-152,316 (32%)$4,3182,295 (32%)$4,29836 (0%)$3,806
2015-161,579 (24%)$4,3331,577 (24%)$4,24335 (1%)$4,313
2016-171,265 (24%)$4,2951,265 (24%)$4,23018 (0%)$4,563
2017-18965 (20%)$3,948965 (20%)$3,9127 (0%)$5,081
2018-191,096 (18%)$4,0191,095 (18%)$3,89623 (0%)$6,016
2019-201,158 (18%)$4,0541,157 (18%)$3,97814 (0%)$6,591
2020-21634 (14%)$4,221634 (14%)$4,1209 (0%)$7,080
2021-22505 (12%)$4,535505 (12%)$4,3819 (0%)$8,629
Average1,394 (21.78%)$4,2501,389 (21.78%)$4,17321 (1.00%)$5,683
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