How MCLA'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 Massachusetts College of Liberal Arts since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,059, which is 81.11 % of all undergraduate students. 1,008 students which is 75.22% of undergraduate students received federal student loans and the average loan amount is $8,617.

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	1,082 (70%)	$6,130	711 (46%)	$3,981	1,300 (85%)	$6,566
2014-15	1,076 (69%)	$6,022	727 (47%)	$4,097	1,356 (87%)	$6,495
2015-16	1,055 (72%)	$6,415	694 (48%)	$4,090	1,101 (76%)	$9,124
2016-17	1,099 (76%)	$6,210	669 (46%)	$3,992	1,078 (75%)	$9,050
2017-18	1,089 (77%)	$6,254	668 (47%)	$4,196	1,008 (72%)	$9,525
2018-19	1,048 (82%)	$7,062	604 (47%)	$4,343	926 (73%)	$9,432
2019-20	1,177 (88%)	$7,422	601 (45%)	$4,327	940 (70%)	$9,661
2020-21	1,033 (96%)	$7,408	467 (43%)	$4,533	767 (71%)	$9,034
2021-22	869 (100%)	$9,643	378 (43%)	$4,847	593 (68%)	$8,669
Average	1,059 (81.11%)	$6,952	613 (45.78%)	$4,267	1,008 (75.22%)	$8,617

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

Overview

For the last 10 years, on average, 228 (87.78 % of students) received grants or scholarships and its average amount is $7,445. It can cover 35.74% of tuition & fees ($20,829) based on out-of-state rate.

In addition, 255 (96.78 % of students) students get helped from the students loans (average amount : $5,240).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	213 (79%)	$7,060	260 (96%)	$5,198
2014-15	250 (71%)	$6,368	326 (93%)	$5,583
2015-16	211 (78%)	$6,719	260 (96%)	$5,594
2016-17	282 (87%)	$6,637	315 (97%)	$5,175
2017-18	251 (87%)	$6,493	282 (98%)	$5,647
2018-19	235 (91%)	$7,761	252 (98%)	$4,791
2019-20	279 (98%)	$8,423	276 (97%)	$4,936
2020-21	168 (99%)	$8,496	165 (97%)	$4,884
2021-22	164 (100%)	$9,044	162 (99%)	$5,355
Average	228 (87.78%)	$7,445	255 (96.78%)	$5,240

^*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, 123 (46.67 % of students) received Pell (federal) grants and its average amount is $4,538.

In addition, 106 students received State/local government grants/scholarships (39.89 % 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	125 (46%)	$4,358	51 (19%)	$876	117 (43%)	$2,193	201 (74%)	$3,272
2014-15	164 (47%)	$4,493	77 (22%)	$936	145 (41%)	$1,641	212 (60%)	$2,571
2015-16	121 (45%)	$4,387	53 (20%)	$1,236	101 (37%)	$2,072	178 (66%)	$3,439
2016-17	149 (46%)	$4,318	52 (16%)	$1,036	131 (40%)	$1,435	267 (82%)	$3,695
2017-18	132 (46%)	$4,507	48 (17%)	$850	124 (43%)	$2,074	225 (78%)	$3,275
2018-19	120 (47%)	$4,757	43 (17%)	$277	118 (46%)	$2,290	226 (88%)	$4,296
2019-20	145 (51%)	$4,557	163 (57%)	$580	97 (34%)	$1,688	274 (96%)	$5,222
2020-21	79 (46%)	$4,686	146 (86%)	$1,025	61 (36%)	$2,379	166 (98%)	$4,592
2021-22	76 (46%)	$4,779	40 (24%)	$2,072	64 (39%)	$3,733	164 (100%)	$4,867
Average	123 (46.67%)	$4,538	75 (30.89%)	$988	106 (39.89%)	$2,167	213 (82.44%)	$3,914

^*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, 255 (96.78 % of students) get any students loan help and its average loan amount is $255.

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	260 (96%)	$5,198	260 (96%)	$4,516	32 (12%)	$5,541
2014-15	326 (93%)	$5,583	326 (93%)	$4,936	37 (11%)	$5,698
2015-16	260 (96%)	$5,594	260 (96%)	$4,579	38 (14%)	$6,944
2016-17	315 (97%)	$5,175	315 (97%)	$4,487	38 (12%)	$5,705
2017-18	282 (98%)	$5,647	282 (98%)	$4,548	36 (13%)	$8,613
2018-19	252 (98%)	$4,791	252 (98%)	$4,049	22 (9%)	$8,503
2019-20	276 (97%)	$4,936	276 (97%)	$3,955	27 (9%)	$10,027
2020-21	165 (97%)	$4,884	165 (97%)	$3,734	20 (12%)	$9,492
2021-22	162 (99%)	$5,355	162 (99%)	$3,761	24 (15%)	$10,762
Average	255 (96.78%)	$5,240	255 (96.78%)	$4,285	30 (11.89%)	$7,921

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Scholarships, Grants, and Loan Trends at MCLA

All Undergraduate Students Financial Aid Over Time

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