Scholarships, Grants, and Loan Trends at Provo

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 331, which is 72.44 % of all undergraduate students. 379 students which is 82.22% of undergraduate students received federal student loans and the average loan amount is $10,149.
For full-time, first-time beginning students (freshmen), 76.33% of students received grants or scholarships and 89% 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 Provo College since 2013.
For that period, the average number of students who received grants aid/scholarships is 331, which is 72.44 % of all undergraduate students. 379 students which is 82.22% of undergraduate students received federal student loans and the average loan amount is $10,149.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14250 (74%)$4,577239 (71%)$3,828291 (87%)$8,632
2014-15274 (74%)$4,346260 (70%)$3,711307 (83%)$8,448
2015-16259 (71%)$4,784252 (69%)$4,313307 (84%)$8,937
2016-17356 (74%)$5,004343 (72%)$4,773420 (88%)$10,244
2017-18455 (91%)$4,166353 (70%)$5,229410 (82%)$9,770
2018-19301 (75%)$6,672206 (51%)$4,234318 (79%)$11,418
2019-20325 (72%)$5,682282 (62%)$6,192354 (78%)$11,653
2020-21407 (70%)$5,326347 (60%)$5,470499 (86%)$11,227
2021-22349 (51%)$5,866346 (51%)$5,744502 (73%)$11,013
Average331 (72.44%)$5,158292 (64.00%)$4,833379 (82.22%)$10,149

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

For the last 10 years, on average, 34 (76.33 % of students) received grants or scholarships and its average amount is $5,267. It can cover 31.94% of tuition & fees ($16,491).
In addition, 40 (89.00 % of students) students get helped from the students loans (average amount : $9,754).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1447 (80%)$4,79551 (86%)$11,191
2014-1568 (76%)$5,19378 (87%)$12,593
2015-1636 (68%)$4,82348 (91%)$9,801
2016-1732 (76%)$4,94936 (86%)$11,086
2017-1831 (66%)$7,66836 (77%)$9,663
2018-1928 (82%)$5,05232 (94%)$8,517
2019-2030 (83%)$5,47034 (94%)$9,690
2020-2126 (81%)$5,00430 (94%)$8,016
2021-229 (75%)$4,44511 (92%)$7,233
Average34 (76.33%)$5,26740 (89.00%)$9,754
*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, 32 (72.11 % of students) received Pell (federal) grants and its average amount is $5,180.
In addition, 5 students received State/local government grants/scholarships (7.25 % 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
2013-1447 (80%)$4,07126 (44%)$2687 (12%)$2,72828 (47%)$285
2014-1565 (72%)$4,61137 (41%)$2569 (10%)$3,92439 (43%)$220
2015-1635 (66%)$4,60316 (30%)$2342 (4%)$3,35318 (34%)$116
2016-1731 (74%)$4,77918 (43%)$333--19 (45%)$222
2017-1831 (66%)$7,41716 (34%)$488----
2018-1928 (82%)$4,90919 (56%)$211----
2019-2027 (75%)$5,71411 (31%)$600--8 (22%)$400
2020-2119 (59%)$6,2079 (28%)$6671 (3%)$5,2659 (28%)$100
2021-229 (75%)$4,3122 (17%)$600----
Average32 (72.11%)$5,18017 (36.00%)$4065 (7.25%)$3,81820 (36.50%)$224
*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, 40 (89.00 % of students) get any students loan help and its average loan amount is $40.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1451 (86%)$11,19151 (86%)$9,8587 (12%)$9,710
2014-1578 (87%)$12,59378 (87%)$10,77515 (17%)$9,456
2015-1648 (91%)$9,80148 (91%)$9,5422 (4%)$6,219
2016-1736 (86%)$11,08636 (86%)$10,1152 (5%)$17,487
2017-1836 (77%)$9,66336 (77%)$9,663--
2018-1932 (94%)$8,51732 (94%)$7,46915 (44%)$2,234
2019-2034 (94%)$9,69031 (86%)$9,2433 (8%)$14,302
2020-2130 (94%)$8,01630 (94%)$7,9391 (3%)$2,298
2021-2211 (92%)$7,23311 (92%)$7,233--
Average40 (89.00%)$9,75439 (88.11%)$9,0936 (13.29%)$8,815
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