Over the past 10 years (2014-2023), the average number of students who received grants aid/scholarships is 3,604, which is 59.00 % of all undergraduate students. 1,697 students which is 28.00% of undergraduate students received federal student loans and the average loan amount is $6,374.

For full-time, first-time beginning students (freshmen), 61.10% of students received grants or scholarships and 31% 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 Elon University since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,604, which is 59.00 % of all undergraduate students. 1,697 students which is 28.00% of undergraduate students received federal student loans and the average loan amount is $6,374.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,101 (55%)$11,915503 (9%)$4,1471,837 (33%)$6,529
2014-153,136 (54%)$12,341482 (8%)$4,0461,808 (31%)$6,568
2015-163,200 (54%)$12,562468 (8%)$4,2071,752 (30%)$6,611
2016-173,245 (54%)$13,340505 (8%)$4,1961,701 (28%)$6,640
2017-183,403 (56%)$14,442539 (9%)$4,3701,681 (28%)$6,531
2018-193,588 (58%)$14,752559 (9%)$4,5251,723 (28%)$6,264
2019-203,906 (62%)$14,980578 (9%)$4,5331,699 (27%)$6,240
2020-214,028 (64%)$15,190578 (9%)$4,7591,642 (26%)$6,236
2021-224,248 (67%)$15,222594 (9%)$4,6681,573 (25%)$5,915
2022-234,187 (66%)$16,543579 (9%)$5,0071,550 (24%)$6,203
Average3,604 (59.00%)$14,129539 (8.70%)$4,4461,697 (28.00%)$6,374
*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 11 years, on average, 974 (61.10 % of students) received grants or scholarships and its average amount is $13,602. It can cover 30.54% of tuition & fees ($44,536).

In addition, 494 (31.20 % of students) students get helped from the students loans (average amount : $9,364).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14800 (54%)$11,187467 (32%)$8,588
2014-15769 (51%)$11,735486 (32%)$8,297
2015-16805 (53%)$12,206465 (31%)$8,043
2016-17834 (54%)$14,061454 (29%)$9,648
2017-181,044 (66%)$14,528536 (34%)$8,566
2018-191,036 (61%)$14,109549 (32%)$8,490
2019-201,124 (68%)$13,111528 (32%)$10,060
2020-211,066 (67%)$13,677504 (32%)$10,226
2021-221,089 (68%)$13,880450 (28%)$9,977
2022-231,174 (69%)$17,523504 (30%)$11,746
Average974 (61.10%)$13,602494 (31.20%)$9,364
*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 11 years, on average, 144 (9.00 % of students) received Pell (federal) grants and its average amount is $4,508.

In addition, 82 students received State/local government grants/scholarships (5.00 % 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
2013-14123 (8%)$4,327117 (8%)$50976 (5%)$3,924784 (53%)$10,280
2014-15115 (8%)$3,992109 (7%)$57478 (5%)$3,837755 (50%)$10,866
2015-16113 (7%)$4,416103 (7%)$67164 (4%)$4,805800 (52%)$11,188
2016-17127 (8%)$4,268114 (7%)$58972 (5%)$4,960826 (53%)$13,027
2017-18154 (10%)$4,489148 (9%)$61578 (5%)$5,4761,037 (66%)$13,460
2018-19155 (9%)$4,481147 (9%)$598102 (6%)$5,3511,032 (61%)$12,877
2019-20164 (10%)$4,333153 (9%)$71471 (4%)$5,9811,092 (66%)$12,355
2020-21150 (9%)$4,889143 (9%)$54186 (5%)$6,2111,058 (67%)$12,510
2021-22183 (12%)$4,868173 (11%)$574103 (6%)$6,7541,051 (66%)$12,778
2022-23159 (9%)$5,013145 (9%)$60286 (5%)$7,3001,163 (69%)$16,389
Average144 (9.00%)$4,508135 (8.50%)$59982 (5.00%)$5,460960 (60.30%)$12,573
*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 11 years, on average, 494 (31.20 % of students) get any students loan help and its average loan amount is $494.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14467 (32%)$8,588456 (31%)$5,29674 (5%)$21,563
2014-15486 (32%)$8,297478 (32%)$5,36968 (5%)$21,557
2015-16465 (31%)$8,043452 (30%)$5,82661 (4%)$18,137
2016-17454 (29%)$9,648438 (28%)$5,79087 (6%)$21,196
2017-18536 (34%)$8,566520 (33%)$5,61669 (4%)$24,216
2018-19549 (32%)$8,490533 (31%)$5,27287 (5%)$21,275
2019-20528 (32%)$10,060496 (30%)$5,331102 (6%)$26,155
2020-21504 (32%)$10,226477 (30%)$5,259105 (7%)$25,192
2021-22450 (28%)$9,977428 (27%)$5,34083 (5%)$26,555
2022-23504 (30%)$11,746468 (28%)$5,172112 (7%)$31,244
Average494 (31.20%)$9,364475 (30.00%)$5,42785 (5.40%)$23,709

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