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

Over the past 9 years (2014-2022), 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.
For full-time, first-time beginning students (freshmen), 39.00% of students received grants or scholarships and 49% 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 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.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15------
2015-167 (13%)$4,7127 (13%)$4,71211 (20%)$6,706
2016-178 (14%)$5,8098 (14%)$5,8098 (14%)$7,900
2017-1810 (15%)$3,58110 (15%)$3,58112 (18%)$5,596
2018-1912 (20%)$3,04110 (17%)$3,64912 (20%)$10,240
2019-2012 (22%)$3,69512 (22%)$3,69512 (22%)$1,547
2020-2131 (50%)$5,36630 (48%)$1,79332 (52%)$2,459
2021-2217 (26%)$5,99615 (23%)$5,99623 (35%)$9,500
Average14 (22.86%)$4,60013 (21.71%)$4,17616 (25.86%)$6,278

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15--11 (24%)$20,584
2015-167 (23%)$4,71213 (42%)$11,188
2016-178 (26%)$5,80916 (52%)$9,377
2017-1810 (25%)$3,58115 (38%)$15,865
2018-1910 (25%)$3,64912 (30%)$18,675
2019-2011 (44%)$4,00012 (48%)$6,044
2020-2129 (88%)$1,86532 (97%)$3,042
2021-2215 (42%)$5,99623 (64%)$2,234
Average13 (39.00%)$4,23017 (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.
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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15--------
2015-167 (23%)$4,712------
2016-178 (26%)$5,809------
2017-1810 (25%)$3,581------
2018-1910 (25%)$3,649------
2019-2011 (44%)$4,000------
2020-2129 (88%)$1,7931 (3%)$2,080----
2021-2213 (36%)$6,4952 (6%)$2,750----
Average13 (38.14%)$4,2912 (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..
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.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1511 (24%)$20,584--11 (24%)$20,584
2015-1613 (42%)$11,18811 (35%)$6,70613 (42%)$5,514
2016-1716 (52%)$9,3778 (26%)$7,9008 (26%)$10,854
2017-1815 (38%)$15,86512 (30%)$5,59615 (38%)$11,389
2018-1912 (30%)$18,67512 (30%)$10,24010 (25%)$10,122
2019-2012 (48%)$6,04411 (44%)$1,67012 (48%)$4,513
2020-2132 (97%)$3,04230 (91%)$2,08210 (30%)$3,490
2021-2223 (64%)$2,23422 (61%)$2,1771 (3%)$3,490
Average17 (49.38%)$10,87615 (45.29%)$5,19610 (29.50%)$8,745
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