How The Recording Conservatory of Austin'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 The Recording Conservatory of Austin since 2014.

For that period, the average number of students who received grants aid/scholarships is 14, which is 22.86 % of all undergraduate students. 16 students which is 25.86% of undergraduate students received federal student loans and the average loan amount is $6,278.

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
2014-15	-	-	-	-	-	-
2015-16	7 (13%)	$4,712	7 (13%)	$4,712	11 (20%)	$6,706
2016-17	8 (14%)	$5,809	8 (14%)	$5,809	8 (14%)	$7,900
2017-18	10 (15%)	$3,581	10 (15%)	$3,581	12 (18%)	$5,596
2018-19	12 (20%)	$3,041	10 (17%)	$3,649	12 (20%)	$10,240
2019-20	12 (22%)	$3,695	12 (22%)	$3,695	12 (22%)	$1,547
2020-21	31 (50%)	$5,366	30 (48%)	$1,793	32 (52%)	$2,459
2021-22	17 (26%)	$5,996	15 (23%)	$5,996	23 (35%)	$9,500
Average	14 (22.86%)	$4,600	13 (21.71%)	$4,176	16 (25.86%)	$6,278

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

Overview

For the last 9 years, on average, 13 (39.00 % of students) received grants or scholarships and its average amount is $4,230. It can cover 14.21% of tuition & fees ($29,760).

In addition, 17 (49.38 % of students) students get helped from the students loans (average amount : $10,876).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2014-15	-	-	11 (24%)	$20,584
2015-16	7 (23%)	$4,712	13 (42%)	$11,188
2016-17	8 (26%)	$5,809	16 (52%)	$9,377
2017-18	10 (25%)	$3,581	15 (38%)	$15,865
2018-19	10 (25%)	$3,649	12 (30%)	$18,675
2019-20	11 (44%)	$4,000	12 (48%)	$6,044
2020-21	29 (88%)	$1,865	32 (97%)	$3,042
2021-22	15 (42%)	$5,996	23 (64%)	$2,234
Average	13 (39.00%)	$4,230	17 (49.38%)	$10,876

^*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 9 years, on average, 13 (38.14 % of students) received Pell (federal) grants and its average amount is $4,291.

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
2014-15	-	-	-	-	-	-	-	-
2015-16	7 (23%)	$4,712	-	-	-	-	-	-
2016-17	8 (26%)	$5,809	-	-	-	-	-	-
2017-18	10 (25%)	$3,581	-	-	-	-	-	-
2018-19	10 (25%)	$3,649	-	-	-	-	-	-
2019-20	11 (44%)	$4,000	-	-	-	-	-	-
2020-21	29 (88%)	$1,793	1 (3%)	$2,080	-	-	-	-
2021-22	13 (36%)	$6,495	2 (6%)	$2,750	-	-	-	-
Average	13 (38.14%)	$4,291	2 (4.50%)	$2,415	-	-	-	-

^*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 9 years, on average, 17 (49.38 % of students) get any students loan help and its average loan amount is $17.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2014-15	11 (24%)	$20,584	-	-	11 (24%)	$20,584
2015-16	13 (42%)	$11,188	11 (35%)	$6,706	13 (42%)	$5,514
2016-17	16 (52%)	$9,377	8 (26%)	$7,900	8 (26%)	$10,854
2017-18	15 (38%)	$15,865	12 (30%)	$5,596	15 (38%)	$11,389
2018-19	12 (30%)	$18,675	12 (30%)	$10,240	10 (25%)	$10,122
2019-20	12 (48%)	$6,044	11 (44%)	$1,670	12 (48%)	$4,513
2020-21	32 (97%)	$3,042	30 (91%)	$2,082	10 (30%)	$3,490
2021-22	23 (64%)	$2,234	22 (61%)	$2,177	1 (3%)	$3,490
Average	17 (49.38%)	$10,876	15 (45.29%)	$5,196	10 (29.50%)	$8,745

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Scholarships, Grants, and Loan Trends at The Recording Conservatory of Austin

All Undergraduate Students Financial Aid Over Time

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