Scholarships, Grants, and Loan Trends at Pinnacle Career Institute

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 549, which is 72.89 % of all undergraduate students. 520 students which is 66.22% of undergraduate students received federal student loans and the average loan amount is $6,026.
For full-time, first-time beginning students (freshmen), 80.78% of students received grants or scholarships and 77% 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 Pinnacle Career Institute since 2013.
For that period, the average number of students who received grants aid/scholarships is 549, which is 72.89 % of all undergraduate students. 520 students which is 66.22% of undergraduate students received federal student loans and the average loan amount is $6,026.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14466 (84%)$3,939453 (82%)$3,742471 (85%)$7,455
2014-15736 (48%)$4,218674 (44%)$4,077698 (45%)$7,150
2015-161,008 (84%)$3,173939 (78%)$2,923965 (80%)$5,151
2016-17633 (75%)$2,869578 (69%)$2,650621 (74%)$4,853
2017-18290 (67%)$2,603273 (63%)$2,571288 (67%)$4,595
2018-19298 (92%)$8,101259 (80%)$5,843130 (40%)$4,850
2019-20498 (75%)$4,073456 (69%)$4,127503 (76%)$6,309
2020-21555 (61%)$4,292494 (54%)$4,535554 (60%)$7,362
2021-22456 (70%)$5,197441 (68%)$5,130446 (69%)$6,509
Average549 (72.89%)$4,274507 (67.44%)$3,955520 (66.22%)$6,026

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

For the last 10 years, on average, 381 (80.78 % of students) received grants or scholarships and its average amount is $4,134. It can cover 23.49% of tuition & fees ($17,598).
In addition, 379 (76.56 % of students) students get helped from the students loans (average amount : $5,829).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14312 (92%)$3,877289 (86%)$7,826
2014-15674 (82%)$4,606768 (94%)$2,851
2015-16575 (85%)$3,863554 (82%)$6,336
2016-17336 (80%)$2,651352 (84%)$4,556
2017-18229 (82%)$2,298197 (71%)$4,822
2018-19136 (89%)$5,77384 (55%)$4,182
2019-20359 (77%)$4,328357 (76%)$7,079
2020-21441 (74%)$4,399436 (73%)$8,239
2021-22364 (66%)$5,410372 (68%)$6,566
Average381 (80.78%)$4,134379 (76.56%)$5,829
*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, 355 (75.22 % of students) received Pell (federal) grants and its average amount is $4,058.
In addition, 2 students received State/local government grants/scholarships (1.00 % 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
2013-14283 (84%)$3,778248 (73%)$208--56 (17%)$1,589
2014-15654 (80%)$4,201541 (66%)$2823 (0%)$8,53680 (10%)$2,238
2015-16530 (79%)$3,622356 (53%)$2921 (0%)$6,57263 (9%)$3,024
2016-17313 (75%)$2,560192 (46%)$1951 (0%)$2,01936 (9%)$1,393
2017-18229 (82%)$2,066119 (43%)$299--125 (45%)$141
2018-19119 (78%)$5,89872 (47%)$1872 (1%)$17,48390 (59%)$386
2019-20330 (70%)$4,36498 (21%)$1765 (1%)$4,76048 (10%)$1,508
2020-21386 (65%)$4,715130 (22%)$241--67 (11%)$1,325
2021-22353 (64%)$5,318192 (35%)$326--28 (5%)$1,040
Average355 (75.22%)$4,058216 (45.11%)$2452 (1.00%)$7,87466 (19.44%)$1,405
*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, 379 (76.56 % of students) get any students loan help and its average loan amount is $379.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14289 (86%)$7,826289 (86%)$7,605156 (46%)$410
2014-15768 (94%)$2,851683 (84%)$2,766322 (39%)$933
2015-16554 (82%)$6,336542 (81%)$6,284153 (23%)$679
2016-17352 (84%)$4,556337 (80%)$4,610108 (26%)$466
2017-18197 (71%)$4,822197 (71%)$4,57774 (27%)$652
2018-1984 (55%)$4,18269 (45%)$4,88627 (18%)$525
2019-20357 (76%)$7,079355 (76%)$6,96193 (20%)$604
2020-21436 (73%)$8,239436 (73%)$7,54087 (15%)$3,505
2021-22372 (68%)$6,566372 (68%)$6,566--
Average379 (76.56%)$5,829364 (73.78%)$5,755128 (26.75%)$972
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