How SMC'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 Southwestern Michigan College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,242, which is 55.33 % of all undergraduate students. 581 students which is 25.00% of undergraduate students received federal student loans and the average loan amount is $5,030.

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	1,749 (62%)	$4,198	1,492 (53%)	$3,544	1,076 (38%)	$5,804
2014-15	1,470 (57%)	$4,299	1,246 (49%)	$3,634	826 (32%)	$5,105
2015-16	1,308 (56%)	$4,464	1,020 (43%)	$3,765	685 (29%)	$5,104
2016-17	1,248 (55%)	$4,407	917 (41%)	$3,728	599 (27%)	$4,868
2017-18	1,254 (54%)	$4,729	980 (42%)	$3,870	559 (24%)	$4,781
2018-19	1,074 (50%)	$4,642	772 (36%)	$3,907	448 (21%)	$5,012
2019-20	1,088 (51%)	$4,936	799 (37%)	$4,102	453 (21%)	$4,865
2020-21	935 (53%)	$4,844	642 (36%)	$4,103	315 (18%)	$4,813
2021-22	1,048 (60%)	$4,706	672 (38%)	$3,837	265 (15%)	$4,914
Average	1,242 (55.33%)	$4,581	949 (41.67%)	$3,832	581 (25.00%)	$5,030

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

Overview

For the last 10 years, on average, 392 (84.11 % of students) received grants or scholarships and its average amount is $5,270. It can cover 65.82% of tuition & fees ($8,006) based on out-of-state rate.

In addition, 172 (35.44 % of students) students get helped from the students loans (average amount : $4,845).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	486 (79%)	$4,777	291 (47%)	$4,890
2014-15	413 (77%)	$5,105	214 (40%)	$4,795
2015-16	425 (82%)	$4,856	188 (36%)	$5,056
2016-17	408 (85%)	$4,940	179 (37%)	$4,890
2017-18	452 (85%)	$5,187	186 (35%)	$4,716
2018-19	347 (85%)	$5,560	138 (34%)	$5,220
2019-20	412 (86%)	$5,805	176 (37%)	$4,851
2020-21	286 (84%)	$5,429	93 (27%)	$4,645
2021-22	296 (94%)	$5,768	81 (26%)	$4,539
Average	392 (84.11%)	$5,270	172 (35.44%)	$4,845

^*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, 287 (60.56 % of students) received Pell (federal) grants and its average amount is $4,495.

In addition, 115 students received State/local government grants/scholarships (25.22 % 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	392 (64%)	$4,191	83 (13%)	$332	121 (20%)	$2,475	186 (30%)	$1,891
2014-15	347 (65%)	$4,337	91 (17%)	$399	107 (20%)	$2,569	157 (29%)	$1,861
2015-16	313 (61%)	$4,214	58 (11%)	$370	106 (21%)	$2,523	227 (44%)	$2,009
2016-17	295 (61%)	$4,247	98 (20%)	$465	116 (24%)	$2,405	213 (44%)	$2,057
2017-18	330 (62%)	$4,407	137 (26%)	$251	139 (26%)	$2,827	235 (44%)	$1,970
2018-19	244 (60%)	$4,743	136 (33%)	$359	99 (24%)	$2,993	212 (52%)	$2,013
2019-20	297 (62%)	$4,849	154 (32%)	$385	135 (28%)	$3,022	226 (47%)	$2,144
2020-21	185 (54%)	$4,674	72 (21%)	$267	116 (34%)	$2,975	170 (50%)	$1,903
2021-22	178 (56%)	$4,796	93 (29%)	$261	95 (30%)	$3,705	290 (92%)	$1,646
Average	287 (60.56%)	$4,495	102 (22.44%)	$343	115 (25.22%)	$2,833	213 (48.00%)	$1,944

^*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, 172 (35.44 % of students) get any students loan help and its average loan amount is $172.

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	291 (47%)	$4,890	291 (47%)	$4,890	-	-
2014-15	214 (40%)	$4,795	213 (40%)	$4,620	6 (1%)	$6,996
2015-16	188 (36%)	$5,056	183 (35%)	$4,730	10 (2%)	$8,488
2016-17	179 (37%)	$4,890	177 (37%)	$4,546	9 (2%)	$7,859
2017-18	186 (35%)	$4,716	184 (35%)	$4,581	5 (1%)	$6,860
2018-19	138 (34%)	$5,220	134 (33%)	$4,932	7 (2%)	$8,499
2019-20	176 (37%)	$4,851	173 (36%)	$4,512	7 (1%)	$10,448
2020-21	93 (27%)	$4,645	88 (26%)	$4,207	5 (1%)	$12,362
2021-22	81 (26%)	$4,539	81 (26%)	$4,415	1 (0%)	$10,065
Average	172 (35.44%)	$4,845	169 (35.00%)	$4,604	6 (1.43%)	$8,947

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Scholarships, Grants, and Loan Trends at SMC

All Undergraduate Students Financial Aid Over Time

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