Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,251, which is 91.89 % of all undergraduate students. 1,079 students which is 78.11% of undergraduate students received federal student loans and the average loan amount is $7,854.

For full-time, first-time beginning students (freshmen), 99.78% of students received grants or scholarships and 75% 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 Alverno College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,251, which is 91.89 % of all undergraduate students. 1,079 students which is 78.11% of undergraduate students received federal student loans and the average loan amount is $7,854.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,765 (95%)$11,5141,135 (61%)$4,1621,628 (87%)$7,546
2014-151,587 (92%)$12,3501,028 (60%)$4,1831,473 (85%)$7,874
2015-161,438 (92%)$12,905892 (57%)$4,0091,243 (80%)$7,921
2016-171,303 (92%)$13,542796 (56%)$4,1781,134 (80%)$7,835
2017-181,219 (93%)$14,391763 (58%)$4,1921,075 (82%)$7,818
2018-191,150 (94%)$15,424707 (58%)$4,314967 (79%)$9,344
2019-201,030 (93%)$16,273626 (57%)$4,428844 (76%)$7,285
2020-21968 (89%)$17,465556 (51%)$4,539762 (70%)$7,485
2021-22799 (87%)$18,734460 (50%)$4,623589 (64%)$7,582
Average1,251 (91.89%)$14,733774 (56.44%)$4,2921,079 (78.11%)$7,854
*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, 174 (99.78 % of students) received grants or scholarships and its average amount is $19,322. It can cover 58.92% of tuition & fees ($32,794).

In addition, 134 (74.89 % of students) students get helped from the students loans (average amount : $6,435).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14201 (100%)$15,372183 (91%)$6,373
2014-15193 (100%)$17,847160 (83%)$5,822
2015-16224 (100%)$15,689166 (74%)$6,828
2016-17161 (99%)$18,534134 (82%)$7,046
2017-18196 (100%)$19,017160 (82%)$5,997
2018-19185 (100%)$18,927134 (72%)$7,552
2019-20169 (99%)$20,640137 (81%)$5,983
2020-21131 (100%)$23,03673 (56%)$6,864
2021-22110 (100%)$24,83358 (53%)$5,451
Average174 (99.78%)$19,322134 (74.89%)$6,435
*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, 112 (64.56 % of students) received Pell (federal) grants and its average amount is $4,755.

In addition, 120 students received State/local government grants/scholarships (68.44 % 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
2013-14121 (60%)$4,78946 (23%)$465130 (64%)$3,139201 (100%)$10,352
2014-15125 (65%)$4,83775 (39%)$417144 (75%)$3,483193 (100%)$11,954
2015-16143 (64%)$4,35979 (35%)$370155 (69%)$3,536220 (98%)$10,517
2016-1797 (60%)$4,85654 (33%)$300104 (64%)$3,410159 (98%)$13,472
2017-18136 (69%)$4,43071 (36%)$274137 (70%)$3,190195 (99%)$13,684
2018-19114 (62%)$4,67669 (37%)$274124 (67%)$3,158184 (99%)$13,901
2019-20112 (66%)$4,72362 (36%)$286121 (71%)$3,402169 (99%)$14,969
2020-2186 (66%)$5,07879 (60%)$1,33783 (63%)$3,899131 (100%)$16,426
2021-2276 (69%)$5,04862 (56%)$1,49080 (73%)$3,665110 (100%)$17,840
Average112 (64.56%)$4,75566 (39.44%)$579120 (68.44%)$3,431174 (99.22%)$13,679
*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, 134 (74.89 % of students) get any students loan help and its average loan amount is $134.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14183 (91%)$6,373182 (90%)$5,80113 (6%)$8,497
2014-15160 (83%)$5,822160 (83%)$5,22111 (6%)$8,749
2015-16166 (74%)$6,828166 (74%)$5,86914 (6%)$11,372
2016-17134 (82%)$7,046132 (81%)$6,16515 (9%)$8,691
2017-18160 (82%)$5,997160 (82%)$5,57910 (5%)$6,680
2018-19134 (72%)$7,552133 (72%)$6,70910 (5%)$11,961
2019-20137 (81%)$5,983137 (81%)$5,3277 (4%)$12,850
2020-2173 (56%)$6,86473 (56%)$5,1069 (7%)$14,260
2021-2258 (53%)$5,45158 (53%)$5,1063 (3%)$6,654
Average134 (74.89%)$6,435133 (74.67%)$5,65410 (5.67%)$9,968

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