How Spalding'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 Spalding University since 2013.

For that period, the average number of students who received grants aid/scholarships is 945, which is 84.78 % of all undergraduate students. 698 students which is 62.67% of undergraduate students received federal student loans and the average loan amount is $6,613.

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	1,156 (84%)	$16,926	609 (44%)	$4,159	922 (67%)	$5,839
2014-15	1,084 (83%)	$16,461	587 (45%)	$4,143	831 (63%)	$5,406
2015-16	1,048 (88%)	$18,563	515 (43%)	$4,269	750 (63%)	$5,087
2016-17	1,183 (90%)	$17,205	520 (40%)	$4,121	772 (59%)	$5,214
2017-18	1,020 (82%)	$20,681	510 (41%)	$4,443	749 (60%)	$4,973
2018-19	908 (88%)	$12,302	443 (43%)	$4,476	659 (64%)	$10,697
2019-20	738 (80%)	$14,428	384 (42%)	$4,692	599 (65%)	$7,490
2020-21	710 (83%)	$14,514	353 (41%)	$4,857	556 (65%)	$7,527
2021-22	654 (85%)	$13,490	294 (38%)	$4,842	443 (58%)	$7,281
Average	945 (84.78%)	$16,063	468 (41.89%)	$4,445	698 (62.67%)	$6,613

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

Overview

For the last 10 years, on average, 152 (98.22 % of students) received grants or scholarships and its average amount is $14,207. It can cover 51.34% of tuition & fees ($27,672).

In addition, 112 (71.33 % of students) students get helped from the students loans (average amount : $5,507).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	181 (99%)	$14,136	139 (76%)	$5,010
2014-15	168 (98%)	$14,268	129 (75%)	$5,642
2015-16	175 (98%)	$13,294	128 (72%)	$5,412
2016-17	149 (99%)	$12,865	115 (76%)	$5,082
2017-18	155 (95%)	$11,044	112 (68%)	$5,031
2018-19	178 (99%)	$14,853	130 (72%)	$5,287
2019-20	134 (99%)	$15,153	92 (68%)	$5,591
2020-21	129 (98%)	$15,939	95 (72%)	$6,386
2021-22	102 (99%)	$16,307	65 (63%)	$6,126
Average	152 (98.22%)	$14,207	112 (71.33%)	$5,507

^*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, 78 (50.11 % of students) received Pell (federal) grants and its average amount is $4,816.

In addition, 120 students received State/local government grants/scholarships (76.78 % 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	87 (48%)	$4,733	22 (12%)	$699	136 (75%)	$4,361	176 (97%)	$8,741
2014-15	91 (53%)	$4,811	30 (18%)	$517	149 (87%)	$4,679	158 (92%)	$7,890
2015-16	88 (49%)	$4,693	32 (18%)	$453	144 (80%)	$4,406	165 (92%)	$7,664
2016-17	75 (50%)	$4,500	35 (23%)	$479	120 (79%)	$4,049	142 (94%)	$7,583
2017-18	94 (57%)	$4,808	29 (18%)	$957	129 (79%)	$4,765	106 (65%)	$5,825
2018-19	92 (51%)	$4,991	45 (25%)	$933	138 (77%)	$4,842	175 (97%)	$8,425
2019-20	73 (54%)	$4,726	30 (22%)	$914	111 (82%)	$4,784	125 (92%)	$9,016
2020-21	62 (47%)	$5,166	43 (33%)	$903	92 (70%)	$4,750	123 (93%)	$10,245
2021-22	43 (42%)	$4,917	31 (30%)	$935	64 (62%)	$5,130	99 (96%)	$11,056
Average	78 (50.11%)	$4,816	33 (22.11%)	$754	120 (76.78%)	$4,641	141 (90.89%)	$8,494

^*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, 112 (71.33 % of students) get any students loan help and its average loan amount is $112.

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	139 (76%)	$5,010	139 (76%)	$4,920	1 (1%)	$12,500
2014-15	129 (75%)	$5,642	129 (75%)	$5,135	5 (3%)	$13,091
2015-16	128 (72%)	$5,412	125 (70%)	$4,519	10 (6%)	$12,784
2016-17	115 (76%)	$5,082	113 (75%)	$4,470	9 (6%)	$8,806
2017-18	112 (68%)	$5,031	112 (68%)	$4,252	7 (4%)	$12,477
2018-19	130 (72%)	$5,287	127 (71%)	$4,378	12 (7%)	$10,936
2019-20	92 (68%)	$5,591	91 (67%)	$5,134	6 (4%)	$7,853
2020-21	95 (72%)	$6,386	94 (71%)	$5,515	5 (4%)	$17,647
2021-22	65 (63%)	$6,126	64 (62%)	$5,077	5 (5%)	$14,648
Average	112 (71.33%)	$5,507	110 (70.56%)	$4,822	7 (4.44%)	$12,305

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Scholarships, Grants, and Loan Trends at Spalding

All Undergraduate Students Financial Aid Over Time

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