Over the past 7 years (2016-2022), the average number of students who received grants aid/scholarships is 278, which is 78.67 % of all undergraduate students. 277 students which is 74.67% of undergraduate students received federal student loans and the average loan amount is $7,522.

For full-time, first-time beginning students (freshmen), 90.33% of students received grants or scholarships and 97% 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 American Institute-Somerset since 2016.

For that period, the average number of students who received grants aid/scholarships is 278, which is 78.67 % of all undergraduate students. 277 students which is 74.67% of undergraduate students received federal student loans and the average loan amount is $7,522.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2016-1719 (90%)$3,50016 (76%)$2,02615 (71%)$7,728
2017-18155 (85%)$3,731149 (81%)$2,778147 (80%)$7,809
2018-19275 (78%)$3,405266 (76%)$2,836259 (74%)$7,035
2019-20315 (67%)$3,346302 (64%)$2,737318 (67%)$6,893
2020-21421 (68%)$3,029416 (67%)$2,771422 (68%)$7,700
2021-22480 (84%)$3,839474 (83%)$3,554503 (88%)$7,967
Average278 (78.67%)$3,475271 (74.50%)$2,784277 (74.67%)$7,522
*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 7 years, on average, 110 (90.33 % of students) received grants or scholarships and its average amount is $3,655. It can cover 18.75% of tuition & fees ($19,495).

In addition, 121 (97.17 % of students) students get helped from the students loans (average amount : $8,830).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2016-1713 (100%)$3,87413 (100%)$6,393
2017-1899 (93%)$3,666100 (93%)$9,358
2018-19135 (90%)$3,532144 (96%)$9,223
2019-20140 (84%)$3,675160 (96%)$9,175
2020-21139 (89%)$3,188155 (99%)$9,526
2021-22135 (86%)$3,995156 (99%)$9,304
Average110 (90.33%)$3,655121 (97.17%)$8,830
*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 7 years, on average, 108 (86.50 % of students) received Pell (federal) grants and its average amount is $2,945.

In addition, 5 students received State/local government grants/scholarships (5.83 % 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
2016-1711 (85%)$2,18111 (85%)$1002 (15%)$3,5005 (38%)$3,654
2017-1896 (90%)$2,78480 (75%)$948 (7%)$3,40011 (10%)$5,541
2018-19133 (89%)$3,066108 (72%)$917 (5%)$2,4297 (5%)$6,036
2019-20136 (81%)$2,960108 (65%)$897 (4%)$10,5515 (3%)$5,694
2020-21138 (88%)$2,836112 (71%)$915 (3%)$3,2745 (3%)$5,063
2021-22135 (86%)$3,844103 (66%)$1431 (1%)$2,0001 (1%)$3,653
Average108 (86.50%)$2,94587 (72.33%)$1015 (5.83%)$4,1926 (10.00%)$4,940
*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 7 years, on average, 121 (97.17 % of students) get any students loan help and its average loan amount is $121.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2016-1713 (100%)$6,39310 (77%)$7,58713 (100%)$557
2017-18100 (93%)$9,35890 (84%)$8,28191 (85%)$2,093
2018-19144 (96%)$9,223140 (93%)$7,946118 (79%)$1,827
2019-20160 (96%)$9,175146 (87%)$7,922121 (72%)$2,573
2020-21155 (99%)$9,526144 (92%)$8,419109 (69%)$2,424
2021-22156 (99%)$9,304142 (90%)$8,059103 (66%)$2,981
Average121 (97.17%)$8,830112 (87.17%)$8,03693 (78.50%)$2,076

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