How Montclair State'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 Montclair State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 8,630, which is 52.78 % of all undergraduate students. 8,954 students which is 54.67% of undergraduate students received federal student loans and the average loan amount is $7,248.

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	7,642 (50%)	$6,754	5,894 (38%)	$4,291	9,325 (60%)	$8,416
2014-15	8,163 (51%)	$6,934	6,265 (39%)	$4,373	9,698 (61%)	$8,584
2015-16	8,692 (53%)	$6,965	6,643 (41%)	$4,431	9,808 (60%)	$8,967
2016-17	8,097 (48%)	$8,438	7,017 (42%)	$4,428	9,885 (59%)	$6,657
2017-18	8,784 (53%)	$8,852	7,443 (45%)	$4,653	9,436 (57%)	$6,742
2018-19	9,089 (54%)	$9,297	7,527 (44%)	$4,851	9,230 (54%)	$6,527
2019-20	8,962 (54%)	$9,332	7,311 (44%)	$4,951	8,593 (51%)	$6,572
2020-21	9,045 (55%)	$9,620	7,190 (44%)	$5,075	7,516 (46%)	$6,472
2021-22	9,195 (57%)	$10,945	7,201 (45%)	$5,139	7,096 (44%)	$6,293
Average	8,630 (52.78%)	$8,571	6,943 (42.44%)	$4,688	8,954 (54.67%)	$7,248

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

Overview

For the last 10 years, on average, 1,805 (58.22 % of students) received grants or scholarships and its average amount is $10,000. It can cover 41.45% of tuition & fees ($24,126) based on out-of-state rate.

In addition, 1,807 (58.67 % of students) students get helped from the students loans (average amount : $7,841).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,462 (48%)	$8,312	1,894 (63%)	$8,311
2014-15	1,470 (51%)	$8,750	1,839 (64%)	$8,275
2015-16	1,672 (54%)	$9,035	1,967 (63%)	$7,903
2016-17	1,628 (55%)	$9,983	1,891 (64%)	$7,688
2017-18	1,749 (58%)	$10,191	1,833 (61%)	$7,564
2018-19	2,057 (65%)	$10,544	1,906 (60%)	$7,696
2019-20	1,915 (62%)	$10,570	1,706 (55%)	$7,848
2020-21	2,021 (65%)	$10,846	1,499 (48%)	$7,383
2021-22	2,274 (66%)	$11,771	1,728 (50%)	$7,904
Average	1,805 (58.22%)	$10,000	1,807 (58.67%)	$7,841

^*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, 1,428 (46.11 % of students) received Pell (federal) grants and its average amount is $4,943.

In addition, 1,248 students received State/local government grants/scholarships (40.33 % 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	1,202 (40%)	$4,596	335 (11%)	$878	988 (33%)	$5,548	215 (7%)	$3,967
2014-15	1,213 (42%)	$4,660	407 (14%)	$794	1,044 (36%)	$5,592	219 (8%)	$4,792
2015-16	1,432 (46%)	$4,726	590 (19%)	$752	1,156 (37%)	$5,740	270 (9%)	$4,664
2016-17	1,394 (47%)	$4,734	522 (18%)	$734	1,137 (38%)	$5,860	813 (27%)	$3,207
2017-18	1,414 (47%)	$4,915	626 (21%)	$747	1,299 (43%)	$5,598	914 (30%)	$3,430
2018-19	1,577 (50%)	$5,004	691 (22%)	$716	1,492 (47%)	$5,874	1,199 (38%)	$3,786
2019-20	1,443 (47%)	$5,176	728 (24%)	$484	1,380 (45%)	$5,958	1,120 (36%)	$3,749
2020-21	1,495 (48%)	$5,345	745 (24%)	$525	1,366 (44%)	$6,012	1,134 (36%)	$4,696
2021-22	1,679 (48%)	$5,334	880 (25%)	$556	1,370 (40%)	$8,047	1,320 (38%)	$4,771
Average	1,428 (46.11%)	$4,943	614 (19.78%)	$687	1,248 (40.33%)	$6,025	800 (25.44%)	$4,118

^*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, 1,807 (58.67 % of students) get any students loan help and its average loan amount is $1,807.

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	1,894 (63%)	$8,311	1,851 (61%)	$5,738	350 (12%)	$14,624
2014-15	1,839 (64%)	$8,275	1,796 (62%)	$5,664	367 (13%)	$13,747
2015-16	1,967 (63%)	$7,903	1,902 (61%)	$5,522	345 (11%)	$14,616
2016-17	1,891 (64%)	$7,688	1,845 (62%)	$5,452	313 (11%)	$14,311
2017-18	1,833 (61%)	$7,564	1,773 (59%)	$5,445	288 (10%)	$14,620
2018-19	1,906 (60%)	$7,696	1,841 (58%)	$5,355	309 (10%)	$15,570
2019-20	1,706 (55%)	$7,848	1,609 (52%)	$5,330	318 (10%)	$15,137
2020-21	1,499 (48%)	$7,383	1,417 (45%)	$5,261	249 (8%)	$14,505
2021-22	1,728 (50%)	$7,904	1,635 (47%)	$5,119	303 (9%)	$17,456
Average	1,807 (58.67%)	$7,841	1,741 (56.33%)	$5,432	316 (10.44%)	$14,954

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Scholarships, Grants, and Loan Trends at Montclair State

All Undergraduate Students Financial Aid Over Time

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