Scholarships, Grants, and Loan Trends at University of Akron Wayne

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 618, which is 34.67 % of all undergraduate students. 485 students which is 26.67% of undergraduate students received federal student loans and the average loan amount is $5,869.
For full-time, first-time beginning students (freshmen), 78.00% of students received grants or scholarships and 41% 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 University of Akron Wayne College since 2013.
For that period, the average number of students who received grants aid/scholarships is 618, which is 34.67 % of all undergraduate students. 485 students which is 26.67% of undergraduate students received federal student loans and the average loan amount is $5,869.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14847 (42%)$3,477689 (34%)$3,484881 (44%)$6,180
2014-15820 (46%)$3,605613 (34%)$3,609750 (42%)$6,211
2015-16788 (40%)$3,735562 (28%)$3,459657 (33%)$5,761
2016-17637 (33%)$4,279453 (24%)$3,608528 (27%)$6,068
2017-18562 (31%)$4,188402 (22%)$3,693458 (26%)$5,679
2018-19473 (28%)$4,419317 (19%)$3,987338 (20%)$5,492
2019-20397 (27%)$4,746235 (16%)$4,219268 (18%)$5,676
2020-21476 (29%)$5,112259 (16%)$3,984232 (14%)$5,484
2021-22561 (36%)$5,659266 (17%)$4,529252 (16%)$6,269
Average618 (34.67%)$4,358422 (23.33%)$3,841485 (26.67%)$5,869

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

For the last 10 years, on average, 192 (78.00 % of students) received grants or scholarships and its average amount is $5,039. It can cover 35.06% of tuition & fees ($14,372) based on out-of-state rate.
In addition, 105 (41.11 % of students) students get helped from the students loans (average amount : $4,730).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14186 (66%)$4,475161 (57%)$4,908
2014-15229 (77%)$4,188154 (52%)$4,858
2015-16234 (78%)$5,152129 (43%)$4,432
2016-17223 (74%)$5,412120 (40%)$4,595
2017-18183 (76%)$5,103110 (45%)$4,669
2018-19163 (75%)$5,00579 (37%)$4,887
2019-20157 (73%)$5,03486 (40%)$5,273
2020-21197 (90%)$5,07963 (29%)$4,510
2021-22157 (93%)$5,90146 (27%)$4,437
Average192 (78.00%)$5,039105 (41.11%)$4,730
*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, 104 (41.00 % of students) received Pell (federal) grants and its average amount is $3,962.
In addition, 24 students received State/local government grants/scholarships (12.63 % 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
2013-14136 (48%)$3,88749 (17%)$7284 (1%)$2,57979 (28%)$3,263
2014-15147 (49%)$3,85421 (7%)$7153 (1%)$4,252133 (44%)$2,743
2015-16127 (42%)$4,11729 (10%)$6396 (2%)$1,092164 (55%)$4,010
2016-17121 (40%)$4,11430 (10%)$7353 (1%)$3,122161 (53%)$4,208
2017-18103 (43%)$3,88917 (7%)$7004 (2%)$3,120122 (50%)$4,172
2018-1989 (41%)$4,15319 (9%)$6847 (3%)$1,731117 (54%)$3,600
2019-2084 (39%)$4,0739 (4%)$6671 (0%)$3,058117 (55%)$3,754
2020-2187 (40%)$3,65812 (5%)$1,042159 (73%)$188186 (85%)$3,441
2021-2245 (27%)$3,91031 (18%)$2,18831 (18%)$246151 (90%)$4,471
Average104 (41.00%)$3,96224 (9.67%)$90024 (12.63%)$2,154137 (57.11%)$3,740
*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, 105 (41.11 % of students) get any students loan help and its average loan amount is $105.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14161 (57%)$4,908161 (57%)$4,908--
2014-15154 (52%)$4,858154 (52%)$4,7043 (1%)$7,939
2015-16129 (43%)$4,432129 (43%)$4,3653 (1%)$2,880
2016-17120 (40%)$4,595117 (39%)$4,5354 (1%)$5,215
2017-18110 (45%)$4,669110 (45%)$4,5125 (2%)$3,462
2018-1979 (37%)$4,88779 (37%)$4,5924 (2%)$5,827
2019-2086 (40%)$5,27384 (39%)$5,1044 (2%)$6,184
2020-2163 (29%)$4,51060 (27%)$4,4643 (1%)$5,427
2021-2246 (27%)$4,43745 (27%)$4,4081 (1%)$5,734
Average105 (41.11%)$4,730104 (40.67%)$4,6213 (1.38%)$5,334
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