Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 2,819, which is 94.56 % of all undergraduate students. 2,050 students which is 68.56% of undergraduate students received federal student loans and the average loan amount is $6,703.

For full-time, first-time beginning students (freshmen), 100.00% 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 Carroll University since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,819, which is 94.56 % of all undergraduate students. 2,050 students which is 68.56% of undergraduate students received federal student loans and the average loan amount is $6,703.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,841 (91%)$14,521845 (27%)$3,8422,226 (71%)$6,916
2014-152,798 (93%)$15,355788 (26%)$3,8942,161 (72%)$6,967
2015-162,841 (93%)$15,951797 (26%)$3,8212,161 (71%)$6,784
2016-172,812 (94%)$16,954754 (25%)$3,7582,103 (70%)$6,902
2017-182,824 (95%)$17,912745 (25%)$3,9912,095 (70%)$6,768
2018-192,744 (95%)$18,709708 (24%)$4,0901,966 (68%)$6,493
2019-202,839 (96%)$19,666669 (23%)$4,2081,963 (66%)$6,550
2020-212,831 (96%)$20,387663 (22%)$4,3141,926 (65%)$6,487
2021-222,839 (98%)$21,275655 (23%)$4,2361,852 (64%)$6,463
Average2,819 (94.56%)$17,859736 (24.56%)$4,0172,050 (68.56%)$6,703
*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, 715 (100.00 % of students) received grants or scholarships and its average amount is $19,531. It can cover 52.46% of tuition & fees ($37,230).

In addition, 508 (70.89 % of students) students get helped from the students loans (average amount : $8,631).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14678 (100%)$15,878525 (77%)$8,076
2014-15758 (100%)$16,841579 (76%)$8,483
2015-16755 (100%)$17,469550 (73%)$8,948
2016-17667 (100%)$18,551471 (71%)$8,731
2017-18717 (100%)$19,559532 (74%)$8,848
2018-19711 (100%)$20,237491 (69%)$9,003
2019-20793 (100%)$21,145526 (66%)$9,108
2020-21684 (100%)$22,168461 (67%)$8,067
2021-22674 (100%)$23,933439 (65%)$8,419
Average715 (100.00%)$19,531508 (70.89%)$8,631
*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, 181 (25.56 % of students) received Pell (federal) grants and its average amount is $4,109.

In addition, 223 students received State/local government grants/scholarships (31.00 % 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
2013-14181 (27%)$3,943156 (23%)$658257 (38%)$2,782678 (100%)$13,620
2014-15176 (23%)$4,121167 (22%)$468261 (34%)$2,762758 (100%)$14,830
2015-16198 (26%)$4,002192 (25%)$785293 (39%)$2,396754 (100%)$15,310
2016-17173 (26%)$3,943172 (26%)$893182 (27%)$2,844667 (100%)$16,522
2017-18184 (26%)$3,925179 (25%)$436202 (28%)$2,940717 (100%)$17,614
2018-19176 (25%)$4,150176 (25%)$615183 (26%)$2,955711 (100%)$18,297
2019-20184 (23%)$4,397187 (24%)$1,085216 (27%)$3,286793 (100%)$18,974
2020-21182 (27%)$4,352183 (27%)$1,114206 (30%)$3,336684 (100%)$19,707
2021-22179 (27%)$4,144672 (100%)$1,293205 (30%)$3,346673 (100%)$20,557
Average181 (25.56%)$4,109232 (33.00%)$816223 (31.00%)$2,961715 (100.00%)$17,270
*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, 508 (70.89 % of students) get any students loan help and its average loan amount is $508.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14525 (77%)$8,076525 (77%)$5,663110 (16%)$11,518
2014-15579 (76%)$8,483579 (76%)$5,642145 (19%)$11,343
2015-16550 (73%)$8,948550 (73%)$5,544141 (19%)$13,280
2016-17471 (71%)$8,731471 (71%)$5,610119 (18%)$12,352
2017-18532 (74%)$8,848532 (74%)$5,667132 (18%)$12,822
2018-19491 (69%)$9,003491 (69%)$5,318142 (20%)$12,744
2019-20526 (66%)$9,108526 (66%)$5,424140 (18%)$13,840
2020-21461 (67%)$8,067461 (67%)$5,21092 (13%)$14,318
2021-22439 (65%)$8,419439 (65%)$5,175102 (15%)$13,964
Average508 (70.89%)$8,631508 (70.89%)$5,473125 (17.33%)$12,909

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