How U of Massachusetts-Lowell'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 Massachusetts-Lowell since 2013.

For that period, the average number of students who received grants aid/scholarships is 8,005, which is 58.89 % of all undergraduate students. 7,390 students which is 54.56% of undergraduate students received federal student loans and the average loan amount is $6,971.

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	6,894 (54%)	$7,015	3,672 (29%)	$3,973	7,314 (57%)	$7,348
2014-15	7,160 (55%)	$7,460	3,648 (28%)	$4,018	7,391 (57%)	$7,179
2015-16	7,432 (54%)	$7,806	3,612 (26%)	$4,037	7,310 (53%)	$7,105
2016-17	7,659 (56%)	$8,304	3,552 (26%)	$4,026	7,441 (55%)	$7,097
2017-18	8,166 (58%)	$8,824	3,810 (27%)	$4,249	7,652 (55%)	$6,977
2018-19	8,329 (59%)	$9,086	3,814 (27%)	$4,389	7,669 (55%)	$6,810
2019-20	8,985 (63%)	$9,108	4,012 (28%)	$4,645	7,713 (54%)	$6,815
2020-21	8,673 (63%)	$8,799	3,962 (29%)	$4,673	7,229 (52%)	$6,795
2021-22	8,746 (68%)	$10,220	3,556 (28%)	$4,429	6,789 (53%)	$6,615
Average	8,005 (58.89%)	$8,514	3,738 (27.56%)	$4,271	7,390 (54.56%)	$6,971

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

Overview

For the last 10 years, on average, 1,461 (77.89 % of students) received grants or scholarships and its average amount is $10,158. It can cover 28.70% of tuition & fees ($35,396) based on out-of-state rate.

In addition, 1,261 (67.44 % of students) students get helped from the students loans (average amount : $7,290).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,203 (74%)	$8,162	1,156 (71%)	$7,130
2014-15	1,246 (76%)	$8,714	1,155 (71%)	$7,353
2015-16	1,211 (76%)	$8,927	1,060 (66%)	$7,222
2016-17	1,288 (77%)	$9,817	1,142 (68%)	$7,603
2017-18	1,577 (79%)	$10,720	1,392 (70%)	$7,604
2018-19	1,617 (78%)	$11,557	1,448 (70%)	$7,574
2019-20	1,913 (81%)	$11,094	1,586 (67%)	$7,893
2020-21	1,570 (78%)	$10,449	1,207 (60%)	$6,063
2021-22	1,526 (82%)	$11,983	1,200 (64%)	$7,166
Average	1,461 (77.89%)	$10,158	1,261 (67.44%)	$7,290

^*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, 568 (30.00 % of students) received Pell (federal) grants and its average amount is $4,565.

In addition, 791 students received State/local government grants/scholarships (43.22 % 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	470 (29%)	$4,116	232 (14%)	$751	984 (61%)	$2,060	965 (59%)	$5,889
2014-15	424 (26%)	$4,246	231 (14%)	$831	953 (58%)	$2,165	963 (59%)	$7,064
2015-16	392 (25%)	$4,193	222 (14%)	$804	947 (59%)	$2,125	946 (59%)	$7,375
2016-17	435 (26%)	$4,369	262 (16%)	$704	523 (31%)	$1,978	1,269 (76%)	$7,506
2017-18	654 (33%)	$4,579	295 (15%)	$777	731 (37%)	$1,955	1,558 (78%)	$7,865
2018-19	692 (33%)	$4,830	372 (18%)	$808	764 (37%)	$1,987	1,599 (77%)	$8,460
2019-20	775 (33%)	$4,871	872 (37%)	$1,152	829 (35%)	$2,273	1,801 (77%)	$8,084
2020-21	694 (34%)	$4,928	698 (35%)	$1,188	773 (38%)	$2,437	1,530 (76%)	$6,714
2021-22	578 (31%)	$4,955	1,070 (57%)	$2,149	619 (33%)	$2,693	1,413 (76%)	$8,108
Average	568 (30.00%)	$4,565	473 (24.44%)	$1,018	791 (43.22%)	$2,186	1,338 (70.78%)	$7,452

^*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, 1,261 (67.44 % of students) get any students loan help and its average loan amount is $1,261.

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	1,156 (71%)	$7,130	1,144 (70%)	$5,548	160 (10%)	$11,844
2014-15	1,155 (71%)	$7,353	1,145 (70%)	$5,571	165 (10%)	$12,818
2015-16	1,060 (66%)	$7,222	1,048 (66%)	$5,348	153 (10%)	$13,401
2016-17	1,142 (68%)	$7,603	1,128 (67%)	$5,368	187 (11%)	$14,055
2017-18	1,392 (70%)	$7,604	1,379 (69%)	$5,466	215 (11%)	$14,177
2018-19	1,448 (70%)	$7,574	1,433 (69%)	$5,252	238 (11%)	$14,454
2019-20	1,586 (67%)	$7,893	1,569 (67%)	$5,326	260 (11%)	$16,004
2020-21	1,207 (60%)	$6,063	1,191 (59%)	$5,148	108 (5%)	$10,989
2021-22	1,200 (64%)	$7,166	1,189 (64%)	$5,207	164 (9%)	$14,681
Average	1,261 (67.44%)	$7,290	1,247 (66.78%)	$5,359	183 (9.78%)	$13,603

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Scholarships, Grants, and Loan Trends at U of Massachusetts-Lowell

All Undergraduate Students Financial Aid Over Time

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