Scholarships, Grants, and Loan Trends at Thomas

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 762, which is 54.00 % of all undergraduate students. 707 students which is 50.22% of undergraduate students received federal student loans and the average loan amount is $6,944.
For full-time, first-time beginning students (freshmen), 98.22% of students received grants or scholarships and 92% 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 Thomas College since 2013.
For that period, the average number of students who received grants aid/scholarships is 762, which is 54.00 % of all undergraduate students. 707 students which is 50.22% of undergraduate students received federal student loans and the average loan amount is $6,944.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14767 (57%)$13,296425 (32%)$4,090741 (55%)$7,641
2014-15770 (63%)$13,723433 (35%)$4,087734 (60%)$7,475
2015-16808 (67%)$15,075428 (35%)$4,194760 (63%)$7,145
2016-17836 (68%)$15,013416 (34%)$4,235778 (63%)$6,898
2017-18782 (47%)$15,150369 (22%)$4,367724 (44%)$7,006
2018-19768 (47%)$15,992361 (22%)$4,425715 (43%)$6,752
2019-20725 (40%)$17,209329 (18%)$4,336665 (37%)$6,604
2020-21740 (46%)$20,174327 (20%)$4,460623 (39%)$6,452
2021-22663 (51%)$19,462255 (20%)$4,580625 (48%)$6,521
Average762 (54.00%)$16,122371 (26.44%)$4,308707 (50.22%)$6,944

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

For the last 10 years, on average, 233 (98.22 % of students) received grants or scholarships and its average amount is $17,413. It can cover 56.36% of tuition & fees ($30,896).
In addition, 218 (92.33 % of students) students get helped from the students loans (average amount : $8,747).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14251 (98%)$14,225235 (92%)$8,533
2014-15213 (99%)$15,371200 (93%)$8,968
2015-16254 (99%)$15,846243 (95%)$10,067
2016-17267 (96%)$15,801248 (90%)$8,488
2017-18222 (100%)$16,251208 (94%)$9,288
2018-19240 (98%)$17,786228 (93%)$8,730
2019-20211 (98%)$19,277205 (95%)$8,642
2020-21233 (96%)$21,425205 (85%)$8,032
2021-22206 (100%)$20,732193 (94%)$7,979
Average233 (98.22%)$17,413218 (92.33%)$8,747
*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, 115 (48.00 % of students) received Pell (federal) grants and its average amount is $4,340.
In addition, 95 students received State/local government grants/scholarships (40.11 % 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
2013-14137 (54%)$3,975138 (54%)$84790 (35%)$958250 (98%)$11,291
2014-15109 (50%)$4,236109 (50%)$92792 (43%)$937213 (99%)$12,325
2015-16140 (55%)$4,216140 (55%)$874116 (45%)$1,380253 (99%)$12,460
2016-17130 (47%)$4,288131 (47%)$1,053104 (38%)$1,580267 (96%)$12,582
2017-18103 (46%)$4,463103 (46%)$1,06780 (36%)$1,406222 (100%)$13,179
2018-19126 (51%)$4,433126 (51%)$1,24092 (38%)$1,380240 (98%)$14,278
2019-20108 (50%)$4,096179 (83%)$1,20093 (43%)$1,379210 (98%)$15,628
2020-21110 (45%)$4,683216 (89%)$2,728120 (50%)$1,354233 (96%)$15,988
2021-2271 (34%)$4,66771 (34%)$92268 (33%)$2,333204 (99%)$18,212
Average115 (48.00%)$4,340135 (56.56%)$1,20695 (40.11%)$1,412232 (98.11%)$13,994
*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, 218 (92.33 % of students) get any students loan help and its average loan amount is $218.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14235 (92%)$8,533234 (91%)$6,43648 (19%)$10,401
2014-15200 (93%)$8,968200 (93%)$6,47349 (23%)$10,185
2015-16243 (95%)$10,067243 (95%)$7,46664 (25%)$9,878
2016-17248 (90%)$8,488246 (89%)$5,97367 (24%)$9,487
2017-18208 (94%)$9,288208 (94%)$6,05660 (27%)$11,206
2018-19228 (93%)$8,730227 (93%)$5,71162 (25%)$11,196
2019-20205 (95%)$8,642203 (94%)$5,58752 (24%)$12,259
2020-21205 (85%)$8,032205 (85%)$5,26247 (19%)$12,080
2021-22193 (94%)$7,979193 (94%)$5,41943 (21%)$11,491
Average218 (92.33%)$8,747218 (92.00%)$6,04355 (23.00%)$10,909
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