Scholarships, Grants, and Loan Trends at SMCC

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 3,369, which is 55.33 % of all undergraduate students. 1,826 students which is 29.56% of undergraduate students received federal student loans and the average loan amount is $4,784.
For full-time, first-time beginning students (freshmen), 70.67% of students received grants or scholarships and 42% 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 Southern Maine Community College since 2013.
For that period, the average number of students who received grants aid/scholarships is 3,369, which is 55.33 % of all undergraduate students. 1,826 students which is 29.56% of undergraduate students received federal student loans and the average loan amount is $4,784.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,515 (49%)$3,6453,132 (44%)$3,4712,968 (41%)$5,232
2014-153,412 (55%)$3,5612,989 (48%)$3,4022,614 (42%)$4,891
2015-162,968 (49%)$4,3662,590 (43%)$3,8142,216 (37%)$5,210
2016-173,359 (57%)$3,5762,651 (45%)$3,2502,177 (37%)$4,422
2017-183,194 (53%)$4,7272,220 (37%)$5,0481,671 (28%)$4,506
2018-193,282 (56%)$4,4822,018 (34%)$5,1481,526 (26%)$4,613
2019-203,921 (61%)$4,4552,133 (33%)$5,2941,466 (23%)$4,648
2020-213,385 (58%)$4,5341,590 (27%)$5,406970 (17%)$4,898
2021-223,286 (60%)$5,8691,541 (28%)$5,458827 (15%)$4,633
Average3,369 (55.33%)$4,3572,318 (37.67%)$4,4771,826 (29.56%)$4,784

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

For the last 10 years, on average, 600 (70.67 % of students) received grants or scholarships and its average amount is $5,260. It can cover 78.78% of tuition & fees ($6,677) based on out-of-state rate.
In addition, 367 (41.78 % of students) students get helped from the students loans (average amount : $4,666).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14667 (67%)$4,568567 (57%)$5,327
2014-15685 (76%)$3,991510 (56%)$5,016
2015-16647 (71%)$4,721439 (48%)$4,592
2016-17582 (68%)$4,635374 (43%)$4,348
2017-18589 (69%)$5,619368 (43%)$4,317
2018-19574 (67%)$5,540360 (42%)$4,711
2019-20648 (69%)$5,848360 (39%)$4,418
2020-21503 (70%)$5,888157 (22%)$4,399
2021-22506 (79%)$6,529166 (26%)$4,865
Average600 (70.67%)$5,260367 (41.78%)$4,666
*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, 469 (54.33 % of students) received Pell (federal) grants and its average amount is $4,745.
In addition, 333 students received State/local government grants/scholarships (39.22 % 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
2013-14613 (61%)$4,15358 (6%)$922390 (39%)$828177 (18%)$707
2014-15550 (61%)$3,98559 (7%)$1,195413 (46%)$840464 (51%)$269
2015-16525 (57%)$4,15454 (6%)$1,249364 (40%)$1,265304 (33%)$1,137
2016-17455 (53%)$4,03451 (6%)$1,215312 (36%)$1,445324 (38%)$1,078
2017-18489 (57%)$5,06934 (4%)$1,675290 (34%)$1,500321 (38%)$1,055
2018-19437 (51%)$5,16453 (6%)$1,713293 (34%)$1,491284 (33%)$1,392
2019-20490 (53%)$5,265144 (15%)$1,473358 (38%)$1,487337 (36%)$1,380
2020-21355 (49%)$5,434177 (25%)$1,589284 (39%)$1,502259 (36%)$1,254
2021-22303 (47%)$5,446304 (48%)$2,182297 (47%)$2,047286 (45%)$1,335
Average469 (54.33%)$4,745104 (13.67%)$1,468333 (39.22%)$1,378306 (36.44%)$1,067
*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, 367 (41.78 % of students) get any students loan help and its average loan amount is $367.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14567 (57%)$5,327566 (56%)$5,02521 (2%)$8,376
2014-15510 (56%)$5,016505 (56%)$4,72524 (3%)$7,172
2015-16439 (48%)$4,592431 (47%)$4,31420 (2%)$7,842
2016-17374 (43%)$4,348374 (43%)$4,12014 (2%)$6,090
2017-18368 (43%)$4,317363 (42%)$3,98419 (2%)$7,485
2018-19360 (42%)$4,711357 (42%)$4,35320 (2%)$7,087
2019-20360 (39%)$4,418353 (38%)$4,15113 (1%)$9,626
2020-21157 (22%)$4,399157 (22%)$4,399--
2021-22166 (26%)$4,865163 (26%)$4,4219 (1%)$9,664
Average367 (41.78%)$4,666363 (41.33%)$4,38818 (1.88%)$7,918
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