Scholarships, Grants, and Loan Trends at Suffolk

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 4,165, which is 83.44 % of all undergraduate students. 2,762 students which is 54.89% of undergraduate students received federal student loans and the average loan amount is $7,023.
For full-time, first-time beginning students (freshmen), 92.78% of students received grants or scholarships and 62% 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 Suffolk University since 2013.
For that period, the average number of students who received grants aid/scholarships is 4,165, which is 83.44 % of all undergraduate students. 2,762 students which is 54.89% of undergraduate students received federal student loans and the average loan amount is $7,023.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,823 (68%)$17,0711,672 (30%)$4,4413,290 (58%)$7,330
2014-153,958 (73%)$17,1001,584 (29%)$4,4923,002 (56%)$7,356
2015-164,275 (79%)$17,8901,504 (28%)$4,5892,921 (54%)$7,240
2016-174,268 (82%)$18,4151,359 (26%)$4,5842,763 (53%)$7,086
2017-184,378 (87%)$19,3391,358 (27%)$4,8682,635 (52%)$7,140
2018-194,490 (89%)$20,4471,322 (26%)$4,8992,718 (54%)$6,760
2019-204,358 (89%)$21,6101,249 (26%)$4,9502,647 (54%)$6,756
2020-214,044 (92%)$23,6691,149 (26%)$4,9872,458 (56%)$6,812
2021-223,894 (92%)$25,8001,127 (27%)$5,1152,426 (57%)$6,724
Average4,165 (83.44%)$20,1491,369 (27.22%)$4,7692,762 (54.89%)$7,023

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

For the last 10 years, on average, 1,023 (92.78 % of students) received grants or scholarships and its average amount is $21,329. It can cover 47.00% of tuition & fees ($45,380).
In addition, 692 (62.44 % of students) students get helped from the students loans (average amount : $9,495).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14900 (78%)$18,505776 (67%)$8,178
2014-15989 (92%)$16,464639 (59%)$9,096
2015-161,227 (93%)$18,575796 (60%)$9,127
2016-171,091 (93%)$19,507758 (64%)$9,677
2017-181,024 (97%)$19,723649 (61%)$9,740
2018-191,165 (95%)$22,233787 (64%)$9,649
2019-20994 (93%)$23,424671 (63%)$9,420
2020-21869 (97%)$25,670575 (64%)$9,909
2021-22945 (97%)$27,856580 (60%)$10,659
Average1,023 (92.78%)$21,329692 (62.44%)$9,495
*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, 343 (31.00 % of students) received Pell (federal) grants and its average amount is $4,833.
In addition, 240 students received State/local government grants/scholarships (21.67 % 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
2013-14442 (38%)$4,63822 (2%)$3,740328 (28%)$1,853895 (77%)$15,547
2014-15322 (30%)$4,48361 (6%)$2,984236 (22%)$2,052987 (92%)$14,360
2015-16418 (32%)$4,63850 (4%)$3,841305 (23%)$2,1691,227 (93%)$16,299
2016-17363 (31%)$4,64861 (5%)$2,594236 (20%)$2,5211,091 (93%)$17,270
2017-18321 (30%)$4,92825 (2%)$3,840230 (22%)$2,1161,023 (97%)$17,626
2018-19355 (29%)$4,92686 (7%)$3,574245 (20%)$2,4331,156 (94%)$20,112
2019-20298 (28%)$4,9679 (1%)$4,000202 (19%)$2,808987 (92%)$21,479
2020-21275 (31%)$4,986131 (15%)$3,690190 (21%)$2,900865 (97%)$23,008
2021-22290 (30%)$5,283520 (53%)$3,475191 (20%)$3,766943 (97%)$23,612
Average343 (31.00%)$4,833107 (10.56%)$3,526240 (21.67%)$2,5131,019 (92.44%)$18,813
*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, 692 (62.44 % of students) get any students loan help and its average loan amount is $692.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14776 (67%)$8,178773 (67%)$5,812114 (10%)$16,253
2014-15639 (59%)$9,096636 (59%)$5,750121 (11%)$17,813
2015-16796 (60%)$9,127787 (59%)$5,474163 (12%)$18,140
2016-17758 (64%)$9,677753 (64%)$6,027153 (13%)$18,281
2017-18649 (61%)$9,740640 (60%)$5,989134 (13%)$18,567
2018-19787 (64%)$9,649775 (63%)$5,385192 (16%)$17,813
2019-20671 (63%)$9,420657 (61%)$5,432172 (16%)$15,999
2020-21575 (64%)$9,909559 (62%)$5,337162 (18%)$16,757
2021-22580 (60%)$10,659565 (58%)$5,347173 (18%)$18,273
Average692 (62.44%)$9,495683 (61.44%)$5,617154 (14.11%)$17,544
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