How Morehouse'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 Morehouse College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,738, which is 78.89 % of all undergraduate students. 1,495 students which is 67.78% of undergraduate students received federal student loans and the average loan amount is $6,560.

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	1,786 (82%)	$17,122	1,120 (52%)	$4,567	1,701 (78%)	$7,461
2014-15	1,750 (83%)	$19,851	1,040 (49%)	$4,697	1,490 (71%)	$7,404
2015-16	1,705 (80%)	$19,995	1,044 (49%)	$4,782	1,571 (73%)	$6,930
2016-17	1,599 (76%)	$20,103	1,017 (48%)	$4,895	1,437 (68%)	$7,597
2017-18	1,681 (76%)	$10,349	1,056 (48%)	$2,500	1,392 (63%)	$3,554
2018-19	1,713 (78%)	$20,291	1,064 (48%)	$5,005	1,454 (66%)	$6,651
2019-20	1,709 (76%)	$19,557	1,069 (48%)	$5,296	1,761 (79%)	$6,959
2020-21	1,867 (87%)	$16,509	997 (46%)	$5,350	1,167 (54%)	$6,009
2021-22	1,834 (72%)	$17,863	1,106 (43%)	$4,830	1,480 (58%)	$6,477
Average	1,738 (78.89%)	$17,960	1,057 (47.89%)	$4,658	1,495 (67.78%)	$6,560

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

Overview

For the last 10 years, on average, 461 (81.22 % of students) received grants or scholarships and its average amount is $15,934. It can cover 50.23% of tuition & fees ($31,725).

In addition, 406 (71.56 % of students) students get helped from the students loans (average amount : $7,368).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	399 (83%)	$14,583	387 (80%)	$8,355
2014-15	451 (84%)	$19,021	396 (73%)	$7,625
2015-16	491 (86%)	$16,475	479 (84%)	$7,618
2016-17	462 (76%)	$17,318	452 (74%)	$7,814
2017-18	502 (81%)	$9,522	432 (70%)	$4,328
2018-19	487 (81%)	$20,025	371 (61%)	$6,911
2019-20	432 (77%)	$17,948	461 (82%)	$8,010
2020-21	432 (84%)	$14,936	292 (57%)	$7,281
2021-22	491 (79%)	$13,577	388 (63%)	$8,374
Average	461 (81.22%)	$15,934	406 (71.56%)	$7,368

^*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, 293 (51.67 % of students) received Pell (federal) grants and its average amount is $4,770.

In addition, 137 students received State/local government grants/scholarships (24.22 % 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	251 (52%)	$4,738	48 (10%)	$1,487	96 (20%)	$2,460	273 (57%)	$15,832
2014-15	280 (52%)	$4,640	67 (12%)	$1,839	101 (19%)	$2,689	377 (70%)	$18,261
2015-16	327 (57%)	$4,948	59 (10%)	$3,737	145 (25%)	$2,600	369 (64%)	$15,917
2016-17	291 (48%)	$5,023	42 (7%)	$3,952	128 (21%)	$2,916	318 (52%)	$18,868
2017-18	321 (52%)	$2,533	32 (5%)	$2,000	112 (18%)	$1,881	368 (60%)	$10,033
2018-19	295 (49%)	$5,090	68 (11%)	$3,897	140 (23%)	$3,150	321 (53%)	$23,504
2019-20	293 (52%)	$5,420	62 (11%)	$3,968	146 (26%)	$3,616	279 (50%)	$19,324
2020-21	287 (56%)	$5,204	68 (13%)	$3,958	220 (43%)	$2,214	271 (53%)	$15,507
2021-22	293 (47%)	$5,335	82 (13%)	$3,554	144 (23%)	$3,985	333 (54%)	$12,727
Average	293 (51.67%)	$4,770	59 (10.22%)	$3,155	137 (24.22%)	$2,835	323 (57.00%)	$16,664

^*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, 406 (71.56 % of students) get any students loan help and its average loan amount is $406.

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	387 (80%)	$8,355	387 (80%)	$6,430	45 (9%)	$16,560
2014-15	396 (73%)	$7,625	392 (73%)	$6,618	22 (4%)	$19,326
2015-16	479 (84%)	$7,618	477 (83%)	$6,120	33 (6%)	$22,117
2016-17	452 (74%)	$7,814	450 (74%)	$6,734	24 (4%)	$20,905
2017-18	432 (70%)	$4,328	421 (68%)	$3,280	37 (6%)	$13,217
2018-19	371 (61%)	$6,911	360 (60%)	$5,763	46 (8%)	$10,631
2019-20	461 (82%)	$8,010	454 (81%)	$5,894	47 (8%)	$21,633
2020-21	292 (57%)	$7,281	267 (52%)	$6,148	25 (5%)	$19,383
2021-22	388 (63%)	$8,374	380 (61%)	$5,622	48 (8%)	$23,183
Average	406 (71.56%)	$7,368	399 (70.22%)	$5,845	36 (6.44%)	$18,551

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Scholarships, Grants, and Loan Trends at Morehouse

All Undergraduate Students Financial Aid Over Time

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