How SAU'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 Spring Arbor University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,691, which is 82.22 % of all undergraduate students. 1,390 students which is 66.44% of undergraduate students received federal student loans and the average loan amount is $7,835.

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	2,684 (90%)	$9,371	1,349 (45%)	$3,745	2,232 (75%)	$8,109
2014-15	2,397 (88%)	$10,074	1,219 (45%)	$3,793	2,034 (75%)	$8,203
2015-16	2,042 (84%)	$11,135	1,009 (41%)	$3,786	1,725 (71%)	$8,154
2016-17	1,810 (82%)	$12,684	901 (41%)	$3,728	1,574 (71%)	$8,158
2017-18	1,598 (82%)	$13,831	777 (40%)	$3,795	1,351 (69%)	$7,914
2018-19	1,420 (79%)	$14,544	676 (37%)	$3,821	1,182 (65%)	$7,833
2019-20	1,254 (78%)	$15,275	537 (33%)	$3,918	1,002 (62%)	$7,885
2020-21	1,082 (80%)	$16,208	415 (31%)	$3,963	782 (58%)	$7,462
2021-22	936 (77%)	$17,775	314 (26%)	$4,143	632 (52%)	$6,801
Average	1,691 (82.22%)	$13,433	800 (37.67%)	$3,855	1,390 (66.44%)	$7,835

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

Overview

For the last 10 years, on average, 267 (99.67 % of students) received grants or scholarships and its average amount is $18,985. It can cover 58.27% of tuition & fees ($32,580).

In addition, 196 (71.44 % of students) students get helped from the students loans (average amount : $7,503).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	364 (99%)	$16,019	303 (83%)	$7,654
2014-15	335 (99%)	$16,476	272 (81%)	$7,263
2015-16	290 (100%)	$18,192	215 (74%)	$7,837
2016-17	304 (100%)	$19,040	227 (74%)	$7,819
2017-18	269 (100%)	$19,288	196 (73%)	$7,170
2018-19	192 (100%)	$20,243	128 (67%)	$7,895
2019-20	217 (100%)	$20,124	145 (67%)	$7,911
2020-21	208 (100%)	$20,810	116 (56%)	$6,925
2021-22	228 (99%)	$20,677	158 (68%)	$7,050
Average	267 (99.67%)	$18,985	196 (71.44%)	$7,503

^*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, 99 (35.33 % of students) received Pell (federal) grants and its average amount is $4,176.

In addition, 143 students received State/local government grants/scholarships (51.56 % 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	177 (48%)	$4,174	134 (37%)	$2,085	248 (68%)	$1,722	364 (99%)	$12,048
2014-15	144 (43%)	$4,088	102 (30%)	$2,214	226 (67%)	$1,795	335 (99%)	$12,834
2015-16	117 (40%)	$4,098	109 (38%)	$2,321	159 (55%)	$2,230	289 (100%)	$14,493
2016-17	114 (37%)	$4,137	108 (35%)	$1,919	156 (51%)	$1,942	304 (100%)	$15,810
2017-18	93 (35%)	$4,005	89 (33%)	$2,455	137 (51%)	$1,946	269 (100%)	$16,100
2018-19	59 (31%)	$4,241	57 (30%)	$2,755	88 (46%)	$2,308	192 (100%)	$17,063
2019-20	62 (29%)	$3,932	59 (27%)	$2,887	99 (46%)	$2,705	216 (100%)	$17,060
2020-21	59 (28%)	$4,372	58 (28%)	$2,377	92 (44%)	$2,690	208 (100%)	$17,717
2021-22	62 (27%)	$4,537	59 (26%)	$2,194	84 (36%)	$2,607	228 (99%)	$17,915
Average	99 (35.33%)	$4,176	86 (31.56%)	$2,356	143 (51.56%)	$2,216	267 (99.67%)	$15,671

^*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, 196 (71.44 % of students) get any students loan help and its average loan amount is $196.

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	303 (83%)	$7,654	303 (83%)	$6,567	41 (11%)	$8,031
2014-15	272 (81%)	$7,263	271 (80%)	$6,129	34 (10%)	$9,248
2015-16	215 (74%)	$7,837	213 (73%)	$6,420	34 (12%)	$9,340
2016-17	227 (74%)	$7,819	224 (73%)	$6,458	34 (11%)	$9,653
2017-18	196 (73%)	$7,170	195 (72%)	$5,483	36 (13%)	$9,334
2018-19	128 (67%)	$7,895	127 (66%)	$5,410	29 (15%)	$11,156
2019-20	145 (67%)	$7,911	144 (66%)	$5,453	33 (15%)	$10,965
2020-21	116 (56%)	$6,925	112 (54%)	$5,348	19 (9%)	$10,753
2021-22	158 (68%)	$7,050	155 (67%)	$5,383	22 (10%)	$12,705
Average	196 (71.44%)	$7,503	194 (70.44%)	$5,850	31 (11.78%)	$10,132

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Scholarships, Grants, and Loan Trends at SAU

All Undergraduate Students Financial Aid Over Time

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