Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 11,544, which is 70.67 % of all undergraduate students. 10,048 students which is 61.56% of undergraduate students received federal student loans and the average loan amount is $7,117.

For full-time, first-time beginning students (freshmen), 78.78% of students received grants or scholarships and 71% 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 Ball State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 11,544, which is 70.67 % of all undergraduate students. 10,048 students which is 61.56% of undergraduate students received federal student loans and the average loan amount is $7,117.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1410,703 (63%)$9,0975,745 (34%)$4,47310,000 (59%)$7,389
2014-1510,682 (65%)$9,5535,564 (34%)$4,5939,910 (60%)$7,370
2015-1610,736 (65%)$9,9215,450 (33%)$4,5799,737 (59%)$7,279
2016-1711,174 (66%)$10,3875,590 (33%)$4,6419,819 (58%)$7,284
2017-1811,705 (69%)$10,9605,681 (33%)$4,9519,650 (57%)$7,193
2018-1911,530 (71%)$11,2695,475 (34%)$5,0489,086 (56%)$6,903
2019-2011,602 (69%)$11,5595,588 (33%)$5,0898,819 (53%)$6,843
2020-2112,838 (81%)$10,8685,357 (34%)$5,31312,196 (77%)$6,835
2021-2212,922 (87%)$10,7065,000 (34%)$5,40211,211 (75%)$6,959
Average11,544 (70.67%)$10,4805,494 (33.56%)$4,89910,048 (61.56%)$7,117
*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, 2,902 (78.78 % of students) received grants or scholarships and its average amount is $10,974. It can cover 38.15% of tuition & fees ($28,766) based on out-of-state rate.

In addition, 2,606 (71.11 % of students) students get helped from the students loans (average amount : $7,449).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,497 (67%)$10,3972,503 (67%)$7,341
2014-152,458 (68%)$10,7542,413 (67%)$7,242
2015-162,520 (72%)$10,4492,294 (66%)$7,671
2016-172,986 (77%)$10,6582,654 (69%)$7,624
2017-183,578 (90%)$9,9522,613 (66%)$7,831
2018-192,803 (76%)$11,6502,347 (64%)$7,625
2019-203,072 (76%)$12,0492,526 (62%)$7,772
2020-213,046 (86%)$11,4423,143 (88%)$7,026
2021-223,160 (97%)$11,4182,965 (91%)$6,906
Average2,902 (78.78%)$10,9742,606 (71.11%)$7,449
*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, 1,387 (37.78 % of students) received Pell (federal) grants and its average amount is $4,869.

In addition, 1,236 students received State/local government grants/scholarships (33.56 % 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
2013-141,420 (38%)$4,464556 (15%)$5001,132 (30%)$6,1491,739 (47%)$7,122
2014-151,276 (36%)$4,596457 (13%)$4991,099 (31%)$6,9001,713 (48%)$7,448
2015-161,210 (35%)$4,575421 (12%)$5021,054 (30%)$7,3581,386 (40%)$9,256
2016-171,390 (36%)$4,600518 (13%)$5081,199 (31%)$7,4151,966 (51%)$8,279
2017-181,464 (37%)$4,805547 (14%)$5081,306 (33%)$7,5232,306 (58%)$8,010
2018-191,360 (37%)$4,990579 (16%)$5031,224 (33%)$7,4382,196 (60%)$7,501
2019-201,632 (40%)$5,073647 (16%)$5081,495 (37%)$7,5392,378 (59%)$7,206
2020-211,372 (39%)$5,3112,377 (67%)$9191,322 (37%)$7,4512,130 (60%)$7,291
2021-221,363 (42%)$5,4093,050 (94%)$1,5531,297 (40%)$7,4411,872 (58%)$7,650
Average1,387 (37.78%)$4,8691,017 (28.89%)$6671,236 (33.56%)$7,2461,965 (53.44%)$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 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, 2,606 (71.11 % of students) get any students loan help and its average loan amount is $2,606.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-142,503 (67%)$7,3412,468 (66%)$5,901337 (9%)$11,302
2014-152,413 (67%)$7,2422,391 (67%)$5,942296 (8%)$11,038
2015-162,294 (66%)$7,6712,280 (65%)$5,871343 (10%)$12,277
2016-172,654 (69%)$7,6242,629 (68%)$5,992374 (10%)$11,980
2017-182,613 (66%)$7,8312,568 (65%)$6,055389 (10%)$12,636
2018-192,347 (64%)$7,6252,296 (62%)$5,529404 (11%)$12,870
2019-202,526 (62%)$7,7722,476 (61%)$5,521468 (12%)$12,741
2020-213,143 (88%)$7,0263,123 (88%)$5,451378 (11%)$13,381
2021-222,965 (91%)$6,9062,958 (91%)$5,401319 (10%)$14,115
Average2,606 (71.11%)$7,4492,577 (70.33%)$5,740368 (10.11%)$12,482

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