Scholarships, Grants, and Loan Trends at U of Mount Olive

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 2,442, which is 82.78 % of all undergraduate students. 2,064 students which is 69.33% of undergraduate students received federal student loans and the average loan amount is $7,685.
For full-time, first-time beginning students (freshmen), 98.89% of students received grants or scholarships and 71% 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 Mount Olive since 2013.
For that period, the average number of students who received grants aid/scholarships is 2,442, which is 82.78 % of all undergraduate students. 2,064 students which is 69.33% of undergraduate students received federal student loans and the average loan amount is $7,685.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,703 (79%)$6,9781,803 (53%)$3,6282,535 (74%)$7,818
2014-153,115 (91%)$6,2541,718 (50%)$3,7672,401 (70%)$8,150
2015-162,645 (81%)$7,7931,663 (51%)$3,7732,374 (73%)$8,013
2016-172,676 (82%)$7,9701,629 (50%)$3,6392,393 (74%)$8,169
2017-182,472 (77%)$8,1451,612 (50%)$4,5072,260 (70%)$7,597
2018-192,289 (77%)$8,4651,511 (51%)$4,0642,012 (67%)$7,576
2019-202,372 (91%)$9,7681,228 (47%)$4,3871,759 (67%)$7,757
2020-211,936 (82%)$11,5331,036 (44%)$4,5221,456 (62%)$7,575
2021-221,769 (85%)$14,032894 (43%)$4,4761,387 (67%)$6,509
Average2,442 (82.78%)$8,9931,455 (48.78%)$4,0852,064 (69.33%)$7,685

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

For the last 10 years, on average, 259 (98.89 % of students) received grants or scholarships and its average amount is $14,551. It can cover 56.07% of tuition & fees ($25,950).
In addition, 186 (70.67 % of students) students get helped from the students loans (average amount : $5,984).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14196 (98%)$14,590131 (66%)$6,446
2014-15281 (99%)$12,474206 (72%)$5,916
2015-16267 (97%)$12,546193 (70%)$5,927
2016-17272 (99%)$13,244199 (72%)$5,990
2017-18275 (100%)$13,496200 (72%)$5,716
2018-19248 (98%)$14,200156 (62%)$6,245
2019-20286 (99%)$17,250222 (77%)$5,445
2020-21274 (100%)$16,787198 (72%)$5,927
2021-22231 (100%)$16,371168 (73%)$6,240
Average259 (98.89%)$14,551186 (70.67%)$5,984
*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, 138 (52.44 % of students) received Pell (federal) grants and its average amount is $4,499.
In addition, 148 students received State/local government grants/scholarships (56.56 % 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
2013-14100 (50%)$4,30640 (20%)$602111 (56%)$4,276193 (97%)$10,001
2014-15147 (52%)$4,40559 (21%)$692152 (53%)$4,030266 (93%)$8,287
2015-16134 (49%)$4,63756 (20%)$662167 (61%)$4,375257 (93%)$7,629
2016-17152 (55%)$4,17277 (28%)$700151 (55%)$4,832250 (91%)$8,739
2017-18144 (52%)$4,24893 (34%)$688161 (58%)$4,617268 (97%)$8,553
2018-19135 (53%)$4,55959 (23%)$780145 (57%)$4,502232 (92%)$9,514
2019-20166 (58%)$4,781229 (80%)$1,643167 (58%)$5,072274 (95%)$10,644
2020-21143 (52%)$4,443121 (44%)$1,593159 (58%)$6,143265 (97%)$10,547
2021-22118 (51%)$4,94264 (28%)$638122 (53%)$5,655218 (94%)$11,320
Average138 (52.44%)$4,49989 (33.11%)$889148 (56.56%)$4,834247 (94.33%)$9,470
*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, 186 (70.67 % of students) get any students loan help and its average loan amount is $186.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14131 (66%)$6,446131 (66%)$5,8698 (4%)$9,450
2014-15206 (72%)$5,916205 (72%)$5,66510 (4%)$5,738
2015-16193 (70%)$5,927193 (70%)$5,5387 (3%)$10,734
2016-17199 (72%)$5,990199 (72%)$5,6578 (3%)$8,284
2017-18200 (72%)$5,716200 (72%)$5,08614 (5%)$9,000
2018-19156 (62%)$6,245156 (62%)$5,28915 (6%)$9,944
2019-20222 (77%)$5,445221 (77%)$4,92316 (6%)$7,557
2020-21198 (72%)$5,927194 (71%)$4,84023 (8%)$10,200
2021-22168 (73%)$6,240168 (73%)$4,69320 (9%)$12,995
Average186 (70.67%)$5,984185 (70.56%)$5,28413 (5.33%)$9,322
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