Scholarships, Grants, and Loan Trends at Otterbein

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 2,073, which is 86.22 % of all undergraduate students. 1,766 students which is 73.22% of undergraduate students received federal student loans and the average loan amount is $7,252.
For full-time, first-time beginning students (freshmen), 95.89% of students received grants or scholarships and 88% 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 Otterbein University since 2013.
For that period, the average number of students who received grants aid/scholarships is 2,073, which is 86.22 % of all undergraduate students. 1,766 students which is 73.22% of undergraduate students received federal student loans and the average loan amount is $7,252.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,155 (87%)$15,925605 (24%)$3,8981,668 (67%)$7,167
2014-151,887 (81%)$17,216460 (20%)$4,2291,627 (69%)$7,111
2015-161,725 (74%)$17,976477 (20%)$4,2251,491 (64%)$7,063
2016-172,177 (88%)$18,504604 (24%)$4,2131,858 (75%)$6,965
2017-182,196 (89%)$19,133628 (25%)$4,4531,872 (75%)$6,933
2018-192,210 (89%)$19,230643 (26%)$4,4731,910 (77%)$6,806
2019-202,252 (90%)$20,647667 (27%)$4,6091,941 (78%)$6,872
2020-211,912 (83%)$20,534555 (24%)$4,7511,673 (72%)$7,861
2021-222,140 (95%)$22,024701 (31%)$4,9651,857 (82%)$8,492
Average2,073 (86.22%)$19,021593 (24.56%)$4,4241,766 (73.22%)$7,252

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

For the last 10 years, on average, 554 (95.89 % of students) received grants or scholarships and its average amount is $20,836. It can cover 59.70% of tuition & fees ($34,899).
In addition, 506 (87.67 % of students) students get helped from the students loans (average amount : $8,304).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14565 (99%)$17,015448 (79%)$8,579
2014-15423 (76%)$19,322388 (69%)$7,862
2015-16492 (88%)$19,899448 (80%)$8,052
2016-17645 (100%)$20,110600 (93%)$7,726
2017-18601 (100%)$20,238554 (92%)$7,539
2018-19576 (100%)$20,888530 (92%)$8,185
2019-20623 (100%)$22,925577 (93%)$7,675
2020-21493 (100%)$23,065466 (95%)$8,994
2021-22568 (100%)$24,060544 (96%)$10,122
Average554 (95.89%)$20,836506 (87.67%)$8,304
*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, 174 (30.11 % of students) received Pell (federal) grants and its average amount is $4,519.
In addition, 124 students received State/local government grants/scholarships (21.56 % 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
2013-14155 (27%)$3,82678 (14%)$86699 (17%)$1,826565 (99%)$15,525
2014-15107 (19%)$4,30248 (9%)$73374 (13%)$2,597423 (76%)$17,696
2015-16160 (28%)$4,28099 (18%)$798102 (18%)$2,549492 (88%)$17,818
2016-17201 (31%)$4,26481 (13%)$763140 (22%)$2,702645 (100%)$18,099
2017-18190 (32%)$4,519135 (22%)$878142 (24%)$2,864601 (100%)$17,936
2018-19179 (31%)$4,649131 (23%)$808131 (23%)$2,992576 (100%)$18,579
2019-20215 (35%)$4,794249 (40%)$1,528153 (25%)$3,369623 (100%)$19,832
2020-21161 (33%)$4,98083 (17%)$791121 (25%)$3,479493 (100%)$20,452
2021-22201 (35%)$5,06190 (16%)$755152 (27%)$3,880568 (100%)$21,111
Average174 (30.11%)$4,519110 (19.11%)$880124 (21.56%)$2,918554 (95.89%)$18,561
*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, 506 (87.67 % of students) get any students loan help and its average loan amount is $506.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14448 (79%)$8,579446 (79%)$5,81886 (15%)$14,514
2014-15388 (69%)$7,862388 (69%)$5,85956 (10%)$13,873
2015-16448 (80%)$8,052448 (80%)$5,92672 (13%)$13,226
2016-17600 (93%)$7,726599 (93%)$6,09678 (12%)$12,618
2017-18554 (92%)$7,539554 (92%)$5,97659 (10%)$14,672
2018-19530 (92%)$8,185528 (92%)$5,78984 (15%)$15,253
2019-20577 (93%)$7,675576 (92%)$5,69380 (13%)$14,368
2020-21466 (95%)$8,994465 (94%)$7,79242 (9%)$13,529
2021-22544 (96%)$10,122544 (96%)$9,05349 (9%)$11,867
Average506 (87.67%)$8,304505 (87.44%)$6,44567 (11.78%)$13,769
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