Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,423, which is 98.56 % of all undergraduate students. 938 students which is 64.89% of undergraduate students received federal student loans and the average loan amount is $7,046.

For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 68% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Albion College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,423, which is 98.56 % of all undergraduate students. 938 students which is 64.89% of undergraduate students received federal student loans and the average loan amount is $7,046.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,271 (97%)$21,914327 (25%)$4,197801 (61%)$7,875
2014-151,240 (98%)$23,368347 (27%)$4,250805 (63%)$7,658
2015-161,358 (99%)$26,770401 (29%)$4,394873 (63%)$7,123
2016-171,395 (98%)$29,902492 (35%)$4,408923 (65%)$7,090
2017-181,559 (99%)$34,607654 (42%)$4,6451,055 (67%)$6,597
2018-191,516 (99%)$37,465647 (42%)$4,9091,024 (67%)$6,853
2019-201,456 (99%)$40,840628 (43%)$4,971981 (67%)$6,818
2020-211,497 (99%)$43,188700 (46%)$4,972999 (66%)$6,604
2021-221,512 (99%)$47,368712 (47%)$5,299983 (65%)$6,792
Average1,423 (98.56%)$33,936545 (37.33%)$4,672938 (64.89%)$7,046
*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.

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

For the last 10 years, on average, 429 (100.00 % of students) received grants or scholarships and its average amount is $36,639. It can cover 65.72% of tuition & fees ($55,746).

In addition, 294 (68.33 % of students) students get helped from the students loans (average amount : $7,751).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14346 (100%)$23,172227 (66%)$9,747
2014-15356 (100%)$25,258241 (68%)$9,314
2015-16455 (100%)$31,224305 (67%)$7,414
2016-17402 (100%)$34,181290 (72%)$8,286
2017-18515 (100%)$39,041379 (74%)$6,661
2018-19428 (100%)$40,855301 (70%)$7,813
2019-20415 (100%)$43,151279 (67%)$6,991
2020-21476 (100%)$45,463321 (67%)$6,327
2021-22468 (100%)$47,406301 (64%)$7,208
Average429 (100.00%)$36,639294 (68.33%)$7,751
*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, 187 (42.78 % of students) received Pell (federal) grants and its average amount is $4,751.

In addition, 220 students received State/local government grants/scholarships (51.67 % 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
2013-14102 (29%)$4,20055 (16%)$999212 (61%)$1,527346 (100%)$20,840
2014-15110 (31%)$4,34163 (18%)$923207 (58%)$1,607356 (100%)$22,819
2015-16162 (36%)$4,50185 (19%)$938236 (52%)$1,818455 (100%)$28,503
2016-17179 (45%)$4,65088 (22%)$1,034215 (53%)$1,813402 (100%)$30,915
2017-18264 (51%)$4,766118 (23%)$966250 (49%)$2,040515 (100%)$35,386
2018-19197 (46%)$5,029126 (29%)$484205 (48%)$2,388428 (100%)$37,255
2019-20181 (44%)$5,132338 (81%)$994178 (43%)$2,782415 (100%)$38,910
2020-21268 (56%)$5,003435 (91%)$1,173236 (50%)$2,623476 (100%)$40,273
2021-22219 (47%)$5,136146 (31%)$971240 (51%)$2,785468 (100%)$43,272
Average187 (42.78%)$4,751162 (36.67%)$942220 (51.67%)$2,154429 (100.00%)$33,130
*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, 294 (68.33 % of students) get any students loan help and its average loan amount is $294.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14227 (66%)$9,747226 (65%)$7,29447 (14%)$12,006
2014-15241 (68%)$9,314239 (67%)$7,05145 (13%)$12,434
2015-16305 (67%)$7,414300 (66%)$6,13034 (7%)$12,418
2016-17290 (72%)$8,286287 (71%)$6,59538 (9%)$13,429
2017-18379 (74%)$6,661375 (73%)$5,41644 (9%)$11,219
2018-19301 (70%)$7,813296 (69%)$5,76547 (11%)$13,730
2019-20279 (67%)$6,991274 (66%)$5,41233 (8%)$14,173
2020-21321 (67%)$6,327319 (67%)$5,30529 (6%)$11,669
2021-22301 (64%)$7,208298 (64%)$5,69431 (7%)$15,253
Average294 (68.33%)$7,751290 (67.56%)$6,07439 (9.33%)$12,926

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