Scholarships, Grants, and Loan Trends at Reformed

Over the past 7 years (2016-2022), the average number of students who received grants aid/scholarships is 20, which is 28.83 % of all undergraduate students. 5 students which is 5.00% of undergraduate students received federal student loans and the average loan amount is $7,806.

For full-time, first-time beginning students (freshmen), 33.60% of students received grants or scholarships and 0% of students received student loans.

School Home 2023 Financial Aid

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Reformed University since 2016.

For that period, the average number of students who received grants aid/scholarships is 20, which is 28.83 % of all undergraduate students. 5 students which is 5.00% of undergraduate students received federal student loans and the average loan amount is $7,806.

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
2016-17	19 (100%)	$3,379	-	-	-	-
2017-18	21 (18%)	$10,155	21 (18%)	$5,067	9 (8%)	$11,873
2018-19	23 (21%)	$1,007	19 (18%)	$1,030	6 (6%)	$6,102
2019-20	24 (16%)	$2,050	8 (5%)	$4,833	1 (1%)	$5,442
2020-21	16 (11%)	$341	-	-	-	-
2021-22	17 (7%)	$660	-	-	-	-
Average	20 (28.83%)	$2,932	16 (13.67%)	$3,643	5 (5.00%)	$7,806

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

Overview

For the last 7 years, on average, 2 (33.60 % of students) received grants or scholarships and its average amount is $4,137. It can cover 77.18% of tuition & fees ($5,360).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2016-17	3 (100%)	$4,000	-	-
2017-18	1 (33%)	$6,960	-	-
2018-19	2 (22%)	$6,501	-	-
2019-20	2 (7%)	$3,122	-	-
2020-21	2 (6%)	$100	-	-
2021-22	-	-	-	-
Average	2 (33.60%)	$4,137	-	-

^*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 7 years, on average, 1 (19.33 % of students) received Pell (federal) grants and its average amount is $4,468.

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
2016-17	-	-	-	-	-	-	3 (100%)	$4,000
2017-18	1 (33%)	$2,960	-	-	-	-	1 (33%)	$4,000
2018-19	2 (22%)	$4,701	-	-	-	-	2 (22%)	$1,800
2019-20	1 (3%)	$5,744	-	-	-	-	1 (3%)	$500
2020-21	-	-	-	-	-	-	2 (6%)	$100
2021-22	-	-	-	-	-	-	-	-
Average	1 (19.33%)	$4,468	-	-	-	-	2 (32.80%)	$2,080

^*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..

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