How Rowan's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Rowan University since 2013.

For that period, the average number of students who received grants aid/scholarships is 7,221, which is 49.67 % of all undergraduate students. 7,917 students which is 55.33% of undergraduate students received federal student loans and the average loan amount is $6,783.

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
2013-14	4,367 (40%)	$6,686	3,257 (30%)	$4,109	6,212 (57%)	$5,731
2014-15	5,147 (43%)	$6,645	3,614 (30%)	$4,219	7,095 (59%)	$6,965
2015-16	5,668 (43%)	$6,861	4,086 (31%)	$4,394	7,830 (59%)	$6,943
2016-17	6,064 (42%)	$6,905	4,536 (32%)	$4,336	8,461 (59%)	$6,927
2017-18	6,606 (43%)	$6,710	5,108 (33%)	$4,540	8,854 (57%)	$6,889
2018-19	8,216 (51%)	$9,216	5,307 (33%)	$4,654	9,013 (56%)	$6,965
2019-20	8,794 (55%)	$9,053	5,166 (32%)	$4,811	8,967 (56%)	$6,814
2020-21	9,765 (61%)	$8,473	5,036 (32%)	$4,849	7,962 (50%)	$6,859
2021-22	10,366 (69%)	$9,362	4,742 (31%)	$4,992	6,861 (45%)	$6,953
Average	7,221 (49.67%)	$7,768	4,539 (31.56%)	$4,545	7,917 (55.33%)	$6,783

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

Overview

For the last 10 years, on average, 1,502 (65.78 % of students) received grants or scholarships and its average amount is $9,829. It can cover 38.45% of tuition & fees ($25,564) based on out-of-state rate.

In addition, 1,390 (60.44 % of students) students get helped from the students loans (average amount : $7,918).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	967 (64%)	$10,196	878 (58%)	$7,714
2014-15	1,347 (59%)	$9,139	1,522 (67%)	$6,593
2015-16	1,336 (60%)	$9,587	1,444 (65%)	$6,555
2016-17	1,343 (56%)	$9,357	1,467 (61%)	$7,111
2017-18	1,492 (61%)	$9,523	1,498 (61%)	$6,586
2018-19	1,727 (65%)	$9,952	1,675 (63%)	$9,438
2019-20	1,838 (68%)	$10,117	1,691 (63%)	$9,421
2020-21	1,649 (75%)	$9,344	1,217 (55%)	$8,798
2021-22	1,820 (84%)	$11,246	1,114 (51%)	$9,044
Average	1,502 (65.78%)	$9,829	1,390 (60.44%)	$7,918

^*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 10 years, on average, 705 (30.78 % of students) received Pell (federal) grants and its average amount is $4,786.

In addition, 633 students received State/local government grants/scholarships (27.56 % of students).

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
2013-14	419 (28%)	$4,471	158 (11%)	$414	379 (25%)	$6,208	778 (52%)	$7,157
2014-15	650 (29%)	$4,422	301 (13%)	$362	608 (27%)	$5,761	943 (41%)	$6,176
2015-16	676 (30%)	$4,692	292 (13%)	$354	614 (28%)	$6,084	934 (42%)	$6,207
2016-17	691 (29%)	$4,546	302 (13%)	$489	622 (26%)	$6,151	939 (39%)	$5,805
2017-18	802 (33%)	$4,712	221 (9%)	$405	686 (28%)	$6,234	993 (40%)	$6,106
2018-19	872 (33%)	$4,914	310 (12%)	$373	777 (29%)	$6,546	1,212 (45%)	$6,354
2019-20	863 (32%)	$4,970	256 (10%)	$338	798 (30%)	$6,450	1,447 (54%)	$6,270
2020-21	695 (32%)	$4,997	181 (8%)	$594	620 (28%)	$6,173	1,316 (60%)	$6,079
2021-22	680 (31%)	$5,354	256 (12%)	$525	596 (27%)	$7,732	1,651 (76%)	$7,319
Average	705 (30.78%)	$4,786	253 (11.22%)	$428	633 (27.56%)	$6,371	1,135 (49.89%)	$6,386

^*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..

Student Loans

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, 1,390 (60.44 % of students) get any students loan help and its average loan amount is $1,390.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	878 (58%)	$7,714	859 (57%)	$5,532	139 (9%)	$14,538
2014-15	1,522 (67%)	$6,593	1,491 (65%)	$5,607	114 (5%)	$14,690
2015-16	1,444 (65%)	$6,555	1,437 (65%)	$5,545	105 (5%)	$14,257
2016-17	1,467 (61%)	$7,111	1,455 (61%)	$5,491	152 (6%)	$16,068
2017-18	1,498 (61%)	$6,586	1,486 (60%)	$5,527	99 (4%)	$16,698
2018-19	1,675 (63%)	$9,438	1,633 (61%)	$5,512	406 (15%)	$16,768
2019-20	1,691 (63%)	$9,421	1,634 (61%)	$5,381	413 (15%)	$17,283
2020-21	1,217 (55%)	$8,798	1,171 (53%)	$5,360	259 (12%)	$17,107
2021-22	1,114 (51%)	$9,044	1,065 (49%)	$5,458	246 (11%)	$17,326
Average	1,390 (60.44%)	$7,918	1,359 (59.11%)	$5,490	215 (9.11%)	$16,082

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Scholarships, Grants, and Loan Trends at Rowan

All Undergraduate Students Financial Aid Over Time

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