Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,679, which is 88.11 % of all undergraduate students. 1,621 students which is 84.56% of undergraduate students received federal student loans and the average loan amount is $8,181.

For full-time, first-time beginning students (freshmen), 92.44% of students received grants or scholarships and 81% 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 Herzing University-Madison since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,679, which is 88.11 % of all undergraduate students. 1,621 students which is 84.56% of undergraduate students received federal student loans and the average loan amount is $8,181.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,044 (84%)$4,0641,731 (71%)$3,7892,047 (84%)$6,230
2014-152,068 (88%)$4,4771,751 (75%)$4,0122,033 (87%)$8,881
2015-162,113 (89%)$4,8021,763 (75%)$3,9772,092 (88%)$8,779
2016-171,748 (90%)$5,0671,426 (73%)$4,0451,717 (88%)$8,521
2017-181,574 (91%)$5,0201,264 (73%)$4,0951,473 (85%)$7,951
2018-191,427 (92%)$5,5121,133 (73%)$4,3101,282 (82%)$8,715
2019-201,367 (91%)$6,4271,218 (81%)$4,4811,469 (98%)$8,997
2020-211,496 (91%)$5,4581,220 (74%)$4,5561,390 (84%)$8,374
2021-221,274 (77%)$4,8681,029 (62%)$4,2561,089 (65%)$7,178
Average1,679 (88.11%)$5,0771,393 (73.00%)$4,1691,621 (84.56%)$8,181
*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, 96 (92.44 % of students) received grants or scholarships and its average amount is $4,940. It can cover 36.81% of tuition & fees ($13,420).

In addition, 84 (81.44 % of students) students get helped from the students loans (average amount : $7,611).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14115 (92%)$3,479105 (84%)$6,791
2014-15136 (96%)$4,196123 (87%)$7,512
2015-16124 (91%)$4,523118 (87%)$7,633
2016-1768 (93%)$5,03761 (84%)$8,051
2017-1856 (97%)$4,80746 (79%)$6,950
2018-1976 (94%)$5,89366 (81%)$8,030
2019-2044 (98%)$5,66438 (84%)$8,897
2020-2176 (84%)$5,43474 (82%)$8,521
2021-22171 (87%)$5,423129 (65%)$6,114
Average96 (92.44%)$4,94084 (81.44%)$7,611
*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, 88 (83.78 % of students) received Pell (federal) grants and its average amount is $4,099.

In addition, 15 students received State/local government grants/scholarships (16.29 % 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
2013-14108 (86%)$3,541----16 (13%)$1,110
2014-15125 (88%)$3,848----66 (46%)$1,360
2015-16118 (87%)$3,736100 (74%)$11624 (18%)$2,12532 (24%)$1,796
2016-1766 (90%)$4,02456 (77%)$11014 (19%)$1,93918 (25%)$2,425
2017-1849 (84%)$4,14845 (78%)$10115 (26%)$2,23114 (24%)$1,994
2018-1970 (86%)$4,33157 (70%)$16015 (19%)$2,45232 (40%)$3,090
2019-2038 (84%)$4,42528 (62%)$1214 (9%)$2,04223 (51%)$3,022
2020-2166 (73%)$4,68549 (54%)$15212 (13%)$2,35034 (38%)$2,005
2021-22149 (76%)$4,153118 (60%)$17319 (10%)$1,963152 (77%)$1,651
Average88 (83.78%)$4,09965 (67.86%)$13315 (16.29%)$2,15743 (37.56%)$2,050
*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, 84 (81.44 % of students) get any students loan help and its average loan amount is $84.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14105 (84%)$6,791103 (82%)$6,8063 (2%)$3,992
2014-15123 (87%)$7,512123 (87%)$7,1484 (3%)$11,173
2015-16118 (87%)$7,633118 (87%)$7,3312 (1%)$17,789
2016-1761 (84%)$8,05161 (84%)$7,9411 (1%)$6,691
2017-1846 (79%)$6,95046 (79%)$6,8731 (2%)$3,562
2018-1966 (81%)$8,03066 (81%)$7,9151 (1%)$7,594
2019-2038 (84%)$8,89738 (84%)$8,7651 (2%)$5,004
2020-2174 (82%)$8,52174 (82%)$8,3262 (2%)$7,224
2021-22129 (65%)$6,114129 (65%)$5,9483 (2%)$7,176
Average84 (81.44%)$7,61184 (81.22%)$7,4502 (1.78%)$7,801

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