Scholarships, Grants, and Loan Trends at Roanoke

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,977, which is 99.56 % of all undergraduate students. 1,345 students which is 67.44% of undergraduate students received federal student loans and the average loan amount is $6,924.
For full-time, first-time beginning students (freshmen), 99.78% of students received grants or scholarships and 71% 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 Roanoke College since 2013.
For that period, the average number of students who received grants aid/scholarships is 1,977, which is 99.56 % of all undergraduate students. 1,345 students which is 67.44% of undergraduate students received federal student loans and the average loan amount is $6,924.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,023 (100%)$20,706507 (25%)$3,9681,419 (70%)$7,257
2014-152,030 (99%)$22,083523 (25%)$3,9871,391 (68%)$7,192
2015-161,992 (100%)$23,836470 (23%)$4,5101,355 (68%)$7,071
2016-171,978 (100%)$24,649481 (24%)$4,2641,374 (69%)$7,149
2017-182,006 (98%)$26,384517 (25%)$4,1951,373 (67%)$6,889
2018-192,014 (100%)$28,570518 (26%)$4,3231,356 (67%)$6,618
2019-201,995 (100%)$30,656519 (26%)$4,4841,350 (67%)$6,698
2020-211,917 (100%)$32,820479 (25%)$4,6771,255 (65%)$6,724
2021-221,840 (99%)$32,295479 (26%)$4,8531,228 (66%)$6,717
Average1,977 (99.56%)$26,889499 (25.00%)$4,3621,345 (67.44%)$6,924

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

For the last 10 years, on average, 525 (99.78 % of students) received grants or scholarships and its average amount is $29,324. It can cover 79.74% of tuition & fees ($36,774).
In addition, 372 (70.89 % of students) students get helped from the students loans (average amount : $8,856).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14529 (98%)$21,401377 (70%)$8,464
2014-15562 (100%)$22,804408 (73%)$8,668
2015-16506 (100%)$24,489339 (67%)$8,828
2016-17506 (100%)$26,726359 (71%)$9,590
2017-18557 (100%)$30,244399 (72%)$8,583
2018-19576 (100%)$32,655413 (72%)$8,802
2019-20553 (100%)$33,665405 (73%)$9,612
2020-21468 (100%)$35,752322 (69%)$8,460
2021-22465 (100%)$36,176328 (71%)$8,696
Average525 (99.78%)$29,324372 (70.89%)$8,856
*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, 135 (25.56 % of students) received Pell (federal) grants and its average amount is $4,585.
In addition, 262 students received State/local government grants/scholarships (49.89 % 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
2013-14111 (20%)$3,78696 (18%)$381266 (49%)$2,890524 (97%)$19,266
2014-15147 (26%)$3,901126 (22%)$416262 (47%)$2,915556 (99%)$20,550
2015-16114 (22%)$4,606106 (21%)$587237 (47%)$3,211492 (97%)$22,445
2016-17128 (25%)$4,690124 (24%)$417265 (52%)$3,119493 (97%)$24,432
2017-18132 (24%)$4,553121 (22%)$371280 (50%)$3,470549 (99%)$27,738
2018-19166 (29%)$4,632137 (24%)$564303 (53%)$3,270573 (99%)$29,620
2019-20162 (29%)$4,851515 (93%)$659274 (50%)$3,371553 (100%)$29,960
2020-21129 (28%)$4,944455 (97%)$1,946233 (50%)$3,935468 (100%)$30,538
2021-22127 (27%)$5,305120 (26%)$598236 (51%)$3,962464 (100%)$32,633
Average135 (25.56%)$4,585200 (38.56%)$660262 (49.89%)$3,349519 (98.67%)$26,354
*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, 372 (70.89 % of students) get any students loan help and its average loan amount is $372.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14377 (70%)$8,464369 (68%)$5,97081 (15%)$12,198
2014-15408 (73%)$8,668397 (71%)$6,07396 (17%)$11,723
2015-16339 (67%)$8,828334 (66%)$6,13387 (17%)$10,855
2016-17359 (71%)$9,590353 (69%)$6,18899 (19%)$12,710
2017-18399 (72%)$8,583385 (69%)$6,07084 (15%)$12,949
2018-19413 (72%)$8,802401 (70%)$5,86176 (13%)$16,909
2019-20405 (73%)$9,612400 (72%)$5,85594 (17%)$16,499
2020-21322 (69%)$8,460317 (68%)$5,67854 (12%)$17,112
2021-22328 (71%)$8,696321 (69%)$5,80457 (12%)$17,354
Average372 (70.89%)$8,856364 (69.11%)$5,95981 (15.22%)$14,257
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