How Nichols'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 Nichols College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,185, which is 92.00 % of all undergraduate students. 982 students which is 76.44% of undergraduate students received federal student loans and the average loan amount is $6,944.

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	1,029 (80%)	$18,063	412 (32%)	$4,150	974 (76%)	$7,253
2014-15	1,215 (92%)	$18,180	428 (33%)	$4,271	1,043 (79%)	$6,921
2015-16	1,181 (93%)	$18,683	413 (33%)	$4,303	970 (77%)	$6,962
2016-17	1,210 (95%)	$18,797	381 (30%)	$4,245	1,003 (79%)	$7,071
2017-18	1,235 (94%)	$19,673	437 (33%)	$4,388	1,012 (77%)	$6,872
2018-19	1,271 (96%)	$22,729	438 (33%)	$4,629	1,003 (76%)	$6,310
2019-20	1,241 (94%)	$20,638	403 (30%)	$4,887	958 (72%)	$6,963
2020-21	1,158 (91%)	$23,776	367 (29%)	$5,047	890 (70%)	$7,323
2021-22	1,128 (93%)	$21,773	367 (30%)	$4,770	986 (82%)	$6,817
Average	1,185 (92.00%)	$20,257	405 (31.44%)	$4,521	982 (76.44%)	$6,944

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

Overview

For the last 10 years, on average, 345 (98.67 % of students) received grants or scholarships and its average amount is $21,470. It can cover 53.18% of tuition & fees ($40,375).

In addition, 300 (86.00 % of students) students get helped from the students loans (average amount : $9,164).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	353 (93%)	$19,051	308 (81%)	$8,573
2014-15	388 (99%)	$18,520	333 (85%)	$9,250
2015-16	313 (96%)	$18,565	267 (82%)	$8,751
2016-17	350 (100%)	$19,239	301 (86%)	$9,580
2017-18	374 (100%)	$21,260	317 (85%)	$9,509
2018-19	354 (100%)	$23,135	321 (91%)	$9,464
2019-20	342 (100%)	$22,324	273 (80%)	$9,953
2020-21	312 (100%)	$24,624	290 (93%)	$9,522
2021-22	316 (100%)	$26,515	289 (91%)	$7,875
Average	345 (98.67%)	$21,470	300 (86.00%)	$9,164

^*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, 118 (33.78 % of students) received Pell (federal) grants and its average amount is $4,540.

In addition, 86 students received State/local government grants/scholarships (24.78 % 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	116 (31%)	$4,112	66 (17%)	$484	87 (23%)	$1,844	353 (93%)	$17,155
2014-15	133 (34%)	$4,247	96 (25%)	$525	87 (22%)	$2,064	388 (99%)	$16,471
2015-16	107 (33%)	$4,115	65 (20%)	$500	80 (25%)	$2,207	313 (96%)	$16,491
2016-17	116 (33%)	$4,300	74 (21%)	$483	77 (22%)	$2,164	350 (100%)	$17,235
2017-18	143 (38%)	$4,349	74 (20%)	$466	87 (23%)	$2,332	374 (100%)	$18,962
2018-19	135 (38%)	$4,843	76 (21%)	$438	86 (24%)	$2,215	354 (100%)	$20,656
2019-20	112 (33%)	$5,042	76 (22%)	$471	79 (23%)	$564	342 (100%)	$20,438
2020-21	102 (33%)	$5,626	94 (30%)	$645	66 (21%)	$1,495	312 (100%)	$22,274
2021-22	99 (31%)	$4,225	88 (28%)	$391	126 (40%)	$1,998	316 (100%)	$24,286
Average	118 (33.78%)	$4,540	79 (22.67%)	$489	86 (24.78%)	$1,876	345 (98.67%)	$19,330

^*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, 300 (86.00 % of students) get any students loan help and its average loan amount is $300.

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	308 (81%)	$8,573	306 (81%)	$6,055	56 (15%)	$14,064
2014-15	333 (85%)	$9,250	331 (85%)	$5,754	81 (21%)	$14,512
2015-16	267 (82%)	$8,751	267 (82%)	$5,428	57 (18%)	$15,563
2016-17	301 (86%)	$9,580	296 (84%)	$5,600	70 (20%)	$17,513
2017-18	317 (85%)	$9,509	316 (84%)	$5,559	78 (21%)	$16,125
2018-19	321 (91%)	$9,464	321 (91%)	$5,975	59 (17%)	$18,981
2019-20	273 (80%)	$9,953	267 (78%)	$5,832	60 (18%)	$19,332
2020-21	290 (93%)	$9,522	289 (93%)	$6,086	52 (17%)	$19,280
2021-22	289 (91%)	$7,875	289 (91%)	$4,895	58 (18%)	$14,849
Average	300 (86.00%)	$9,164	298 (85.44%)	$5,687	63 (18.33%)	$16,691

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Scholarships, Grants, and Loan Trends at Nichols

All Undergraduate Students Financial Aid Over Time

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