Scholarships, Grants, and Loan Trends at SHC

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,211, which is 98.11 % of all undergraduate students. 906 students which is 73.11% of undergraduate students received federal student loans and the average loan amount is $8,464.
For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 75% 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 Spring Hill College since 2013.
For that period, the average number of students who received grants aid/scholarships is 1,211, which is 98.11 % of all undergraduate students. 906 students which is 73.11% of undergraduate students received federal student loans and the average loan amount is $8,464.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,276 (99%)$19,831298 (23%)$4,201888 (69%)$9,208
2014-151,224 (99%)$23,529433 (35%)$4,325846 (68%)$9,792
2015-161,336 (99%)$17,237414 (31%)$4,5841,014 (75%)$3,304
2016-171,351 (98%)$27,554414 (30%)$4,7231,047 (76%)$7,044
2017-181,360 (99%)$29,929471 (34%)$4,8851,091 (79%)$9,987
2018-191,239 (99%)$31,324447 (36%)$4,989981 (78%)$10,242
2019-201,152 (99%)$32,798425 (37%)$5,047935 (81%)$9,876
2020-211,041 (98%)$20,292387 (36%)$6,101794 (75%)$6,514
2021-22920 (93%)$13,853351 (35%)$5,082562 (57%)$10,209
Average1,211 (98.11%)$24,039404 (33.00%)$4,882906 (73.11%)$8,464

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

For the last 10 years, on average, 340 (100.00 % of students) received grants or scholarships and its average amount is $28,327. It can cover 121.73% of tuition & fees ($23,270).
In addition, 253 (74.67 % of students) students get helped from the students loans (average amount : $8,737).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14431 (100%)$23,310302 (70%)$6,893
2014-15361 (100%)$25,509239 (66%)$9,293
2015-16415 (100%)$28,064164 (39%)$8,807
2016-17392 (100%)$29,825347 (89%)$9,588
2017-18395 (100%)$32,208360 (91%)$8,111
2018-19309 (100%)$33,391276 (89%)$9,511
2019-20292 (100%)$32,986263 (90%)$10,224
2020-21245 (100%)$34,816202 (82%)$9,777
2021-22216 (100%)$14,836121 (56%)$6,429
Average340 (100.00%)$28,327253 (74.67%)$8,737
*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, 125 (37.11 % of students) received Pell (federal) grants and its average amount is $4,942.
In addition, 129 students received State/local government grants/scholarships (38.33 % 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
2013-14150 (35%)$4,523143 (33%)$465154 (36%)$661426 (99%)$21,596
2014-15123 (34%)$4,332116 (32%)$479109 (30%)$423360 (99%)$23,817
2015-16129 (31%)$4,61861 (15%)$494155 (37%)$553415 (100%)$26,349
2016-17130 (33%)$4,57864 (16%)$465134 (34%)$906390 (99%)$28,065
2017-18169 (43%)$5,133105 (27%)$420179 (45%)$1,079395 (100%)$29,411
2018-19138 (45%)$5,13775 (24%)$471117 (38%)$1,085309 (100%)$30,572
2019-20104 (36%)$5,44474 (25%)$688127 (43%)$1,405292 (100%)$30,262
2020-21105 (43%)$5,98793 (38%)$1,575114 (47%)$1,397245 (100%)$31,002
2021-2274 (34%)$4,72862 (29%)$2,08876 (35%)$1,746216 (100%)$12,002
Average125 (37.11%)$4,94288 (26.56%)$794129 (38.33%)$1,028339 (99.67%)$25,897
*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, 253 (74.67 % of students) get any students loan help and its average loan amount is $253.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14302 (70%)$6,893300 (70%)$6,38815 (3%)$11,013
2014-15239 (66%)$9,293234 (65%)$8,85615 (4%)$9,917
2015-16164 (39%)$8,807163 (39%)$8,12411 (3%)$10,921
2016-17347 (89%)$9,588347 (89%)$8,69621 (5%)$14,734
2017-18360 (91%)$8,111360 (91%)$7,57815 (4%)$12,813
2018-19276 (89%)$9,511276 (89%)$8,80413 (4%)$15,015
2019-20263 (90%)$10,224263 (90%)$9,46216 (5%)$12,527
2020-21202 (82%)$9,777202 (82%)$8,83014 (6%)$13,675
2021-22121 (56%)$6,429119 (55%)$5,09313 (6%)$13,219
Average253 (74.67%)$8,737252 (74.44%)$7,98115 (4.44%)$12,648
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