Scholarships, Grants, and Loan Trends at SHU

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 5,055, which is 88.67 % of all undergraduate students. 3,391 students which is 60.00% of undergraduate students received federal student loans and the average loan amount is $6,600.
For full-time, first-time beginning students (freshmen), 98.67% of students received grants or scholarships and 66% 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 Sacred Heart University since 2013.
For that period, the average number of students who received grants aid/scholarships is 5,055, which is 88.67 % of all undergraduate students. 3,391 students which is 60.00% of undergraduate students received federal student loans and the average loan amount is $6,600.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,667 (82%)$14,859847 (19%)$3,9832,786 (62%)$6,826
2014-154,239 (85%)$15,446918 (18%)$4,0233,092 (62%)$6,704
2015-164,486 (86%)$15,984868 (17%)$4,1283,178 (61%)$6,678
2016-174,834 (89%)$16,277907 (17%)$4,1473,302 (61%)$6,673
2017-185,066 (90%)$16,740964 (17%)$4,3133,328 (59%)$6,586
2018-195,443 (91%)$16,9411,151 (19%)$4,2093,632 (61%)$6,542
2019-205,619 (91%)$18,1531,053 (17%)$4,5073,623 (59%)$6,510
2020-215,893 (92%)$19,4601,060 (17%)$4,5313,707 (58%)$6,520
2021-226,252 (92%)$20,1921,076 (16%)$4,7203,869 (57%)$6,364
Average5,055 (88.67%)$17,117983 (17.44%)$4,2853,391 (60.00%)$6,600

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

For the last 10 years, on average, 1,447 (98.67 % of students) received grants or scholarships and its average amount is $17,047. It can cover 35.18% of tuition & fees ($48,460).
In addition, 970 (66.22 % of students) students get helped from the students loans (average amount : $11,082).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,259 (99%)$15,432870 (69%)$9,678
2014-151,365 (99%)$15,043964 (70%)$10,200
2015-161,274 (99%)$15,033881 (68%)$11,047
2016-171,279 (97%)$15,472862 (65%)$10,810
2017-181,366 (98%)$16,243907 (65%)$10,327
2018-191,446 (99%)$18,1301,002 (68%)$11,262
2019-201,590 (99%)$18,8931,000 (62%)$11,861
2020-211,629 (99%)$19,6901,050 (64%)$12,170
2021-221,814 (99%)$19,4841,191 (65%)$12,381
Average1,447 (98.67%)$17,047970 (66.22%)$11,082
*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, 234 (15.89 % of students) received Pell (federal) grants and its average amount is $4,503.
In addition, 81 students received State/local government grants/scholarships (5.67 % 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
2013-14220 (17%)$4,331150 (12%)$1,404144 (11%)$2,4391,258 (99%)$14,240
2014-15247 (18%)$4,264166 (12%)$1,935170 (12%)$2,4501,360 (98%)$13,781
2015-16193 (15%)$4,290167 (13%)$2,16373 (6%)$2,7731,267 (98%)$14,017
2016-17215 (16%)$4,332127 (10%)$1,17522 (2%)$1,8181,275 (96%)$14,642
2017-18228 (16%)$4,366139 (10%)$96318 (1%)$2,7971,363 (98%)$15,413
2018-19225 (15%)$4,495151 (10%)$2,48069 (5%)$2,6471,441 (98%)$17,104
2019-20236 (15%)$4,8251,461 (91%)$64663 (4%)$3,0311,566 (98%)$17,731
2020-21251 (15%)$4,736199 (12%)$3,21484 (5%)$3,0541,619 (98%)$18,523
2021-22289 (16%)$4,884233 (13%)$1,61888 (5%)$2,9161,812 (99%)$18,376
Average234 (15.89%)$4,503310 (20.33%)$1,73381 (5.67%)$2,6581,440 (98.00%)$15,981
*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, 970 (66.22 % of students) get any students loan help and its average loan amount is $970.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14870 (69%)$9,678858 (68%)$5,457173 (14%)$21,608
2014-15964 (70%)$10,200945 (68%)$5,468209 (15%)$22,321
2015-16881 (68%)$11,047867 (67%)$5,370217 (17%)$23,394
2016-17862 (65%)$10,810846 (64%)$5,385195 (15%)$24,423
2017-18907 (65%)$10,327888 (64%)$5,342191 (14%)$24,200
2018-191,002 (68%)$11,262984 (67%)$5,308236 (16%)$25,687
2019-201,000 (62%)$11,861980 (61%)$5,303246 (15%)$27,088
2020-211,050 (64%)$12,1701,032 (63%)$5,366256 (16%)$28,281
2021-221,191 (65%)$12,3811,163 (63%)$5,270299 (16%)$28,819
Average970 (66.22%)$11,082951 (65.00%)$5,363225 (15.33%)$25,091
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