How U of Akron Main Campus'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 University of Akron Main Campus since 2013.

For that period, the average number of students who received grants aid/scholarships is 10,817, which is 65.11 % of all undergraduate students. 8,288 students which is 48.67% of undergraduate students received federal student loans and the average loan amount is $6,469.

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
2013-14	13,065 (64%)	$5,236	8,043 (39%)	$3,959	12,212 (60%)	$7,002
2014-15	12,792 (65%)	$5,565	7,362 (37%)	$4,040	11,399 (58%)	$6,847
2015-16	12,114 (63%)	$5,920	6,608 (35%)	$4,068	10,253 (54%)	$6,590
2016-17	10,796 (62%)	$6,575	5,793 (33%)	$4,240	8,848 (51%)	$6,711
2017-18	10,703 (63%)	$7,000	5,724 (34%)	$4,508	8,471 (50%)	$6,393
2018-19	10,063 (64%)	$7,252	5,019 (32%)	$4,718	7,271 (47%)	$6,283
2019-20	9,667 (65%)	$7,472	4,383 (29%)	$4,769	6,382 (43%)	$6,211
2020-21	9,465 (69%)	$7,670	4,021 (29%)	$4,883	5,250 (38%)	$6,080
2021-22	8,685 (71%)	$7,893	3,614 (29%)	$4,866	4,503 (37%)	$6,104
Average	10,817 (65.11%)	$6,731	5,619 (33.00%)	$4,450	8,288 (48.67%)	$6,469

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

Overview

For the last 10 years, on average, 2,599 (87.11 % of students) received grants or scholarships and its average amount is $7,225. It can cover 41.91% of tuition & fees ($17,239) based on out-of-state rate.

In addition, 1,838 (59.67 % of students) students get helped from the students loans (average amount : $7,171).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,720 (76%)	$6,036	2,350 (65%)	$7,369
2014-15	2,975 (81%)	$6,388	2,445 (67%)	$7,249
2015-16	3,143 (83%)	$6,927	2,384 (63%)	$7,219
2016-17	2,545 (85%)	$7,816	1,858 (62%)	$7,205
2017-18	2,969 (89%)	$7,603	2,168 (65%)	$6,822
2018-19	2,461 (90%)	$7,218	1,685 (61%)	$7,311
2019-20	2,377 (89%)	$7,171	1,506 (56%)	$7,647
2020-21	2,183 (95%)	$7,341	1,178 (52%)	$6,778
2021-22	2,020 (96%)	$8,525	972 (46%)	$6,940
Average	2,599 (87.11%)	$7,225	1,838 (59.67%)	$7,171

^*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 10 years, on average, 1,167 (37.78 % of students) received Pell (federal) grants and its average amount is $4,338.

In addition, 921 students received State/local government grants/scholarships (30.44 % of students).

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
2013-14	1,529 (43%)	$4,030	773 (22%)	$745	1,171 (33%)	$954	1,670 (47%)	$5,127
2014-15	1,462 (40%)	$4,089	463 (13%)	$751	1,124 (31%)	$1,037	2,210 (61%)	$5,210
2015-16	1,486 (39%)	$4,154	513 (13%)	$713	1,084 (29%)	$1,280	2,363 (62%)	$5,860
2016-17	1,252 (42%)	$4,205	416 (14%)	$744	938 (31%)	$1,506	1,905 (64%)	$6,774
2017-18	1,425 (43%)	$4,471	424 (13%)	$632	1,112 (33%)	$1,526	2,267 (68%)	$6,280
2018-19	1,103 (40%)	$4,550	380 (14%)	$746	835 (30%)	$1,620	2,077 (76%)	$5,348
2019-20	946 (35%)	$4,541	347 (13%)	$854	689 (26%)	$2,097	2,089 (78%)	$5,269
2020-21	894 (39%)	$4,428	268 (12%)	$922	679 (30%)	$1,868	1,886 (83%)	$5,595
2021-22	409 (19%)	$4,571	682 (32%)	$3,728	656 (31%)	$2,155	1,977 (94%)	$5,764
Average	1,167 (37.78%)	$4,338	474 (16.22%)	$1,093	921 (30.44%)	$1,560	2,049 (70.33%)	$5,692

^*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 10 years, on average, 1,838 (59.67 % of students) get any students loan help and its average loan amount is $1,838.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	2,350 (65%)	$7,369	2,329 (65%)	$6,045	287 (8%)	$11,288
2014-15	2,445 (67%)	$7,249	2,416 (66%)	$5,847	314 (9%)	$11,453
2015-16	2,384 (63%)	$7,219	2,345 (62%)	$5,512	368 (10%)	$11,641
2016-17	1,858 (62%)	$7,205	1,830 (61%)	$5,795	243 (8%)	$11,445
2017-18	2,168 (65%)	$6,822	2,137 (64%)	$5,505	267 (8%)	$11,334
2018-19	1,685 (61%)	$7,311	1,652 (60%)	$5,301	282 (10%)	$12,627
2019-20	1,506 (56%)	$7,647	1,459 (55%)	$5,361	285 (11%)	$12,963
2020-21	1,178 (52%)	$6,778	1,134 (50%)	$5,027	191 (8%)	$11,960
2021-22	972 (46%)	$6,940	935 (44%)	$5,264	162 (8%)	$11,259
Average	1,838 (59.67%)	$7,171	1,804 (58.56%)	$5,517	267 (8.89%)	$11,774

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Scholarships, Grants, and Loan Trends at U of Akron Main Campus

All Undergraduate Students Financial Aid Over Time

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