Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 340, which is 41.78 % of all undergraduate students. 356 students which is 43.56% of undergraduate students received federal student loans and the average loan amount is $7,076.

For full-time, first-time beginning students (freshmen), 49.33% of students received grants or scholarships and 54% 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 Institute for Business and Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 340, which is 41.78 % of all undergraduate students. 356 students which is 43.56% of undergraduate students received federal student loans and the average loan amount is $7,076.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14305 (48%)$3,484305 (48%)$3,095308 (49%)$5,146
2014-15203 (51%)$4,299198 (50%)$4,027205 (52%)$7,710
2015-16290 (42%)$4,005284 (41%)$3,681293 (42%)$7,505
2016-17358 (46%)$4,237356 (46%)$4,137368 (47%)$7,581
2017-18387 (41%)$4,265380 (40%)$4,048420 (44%)$7,050
2018-19289 (31%)$4,137287 (31%)$3,951303 (33%)$7,291
2019-20292 (32%)$4,358286 (32%)$4,166314 (35%)$7,081
2020-21465 (44%)$3,903403 (38%)$4,012487 (46%)$7,172
2021-22470 (41%)$4,222464 (41%)$4,067509 (44%)$7,145
Average340 (41.78%)$4,101329 (40.78%)$3,909356 (43.56%)$7,076
*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, 243 (49.33 % of students) received grants or scholarships and its average amount is $4,072. It can cover 21.98% of tuition & fees ($18,530).

In addition, 267 (54.44 % of students) students get helped from the students loans (average amount : $6,992).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14303 (55%)$3,115301 (55%)$5,266
2014-15118 (53%)$4,448134 (60%)$6,937
2015-16203 (47%)$3,935202 (47%)$7,596
2016-17278 (47%)$4,134296 (50%)$7,484
2017-18339 (42%)$4,214363 (45%)$7,035
2018-19234 (33%)$4,216238 (34%)$7,376
2019-20139 (53%)$4,206151 (58%)$7,021
2020-21272 (54%)$4,238354 (70%)$7,113
2021-22305 (60%)$4,142361 (71%)$7,098
Average243 (49.33%)$4,072267 (54.44%)$6,992
*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, 241 (48.89 % of students) received Pell (federal) grants and its average amount is $3,923.

In addition, 5 students received State/local government grants/scholarships (1.13 % 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
2013-14303 (55%)$3,115------
2014-15118 (53%)$4,174--3 (1%)$10,769--
2015-16199 (46%)$3,6761 (0%)$4,1115 (1%)$12,642--
2016-17277 (47%)$4,029--5 (1%)$6,654--
2017-18334 (41%)$4,015--8 (1%)$10,965--
2018-19233 (33%)$4,035--5 (1%)$9,278--
2019-20135 (52%)$4,024--4 (2%)$10,341--
2020-21268 (53%)$4,166--6 (1%)$6,028--
2021-22305 (60%)$4,072--3 (1%)$7,132--
Average241 (48.89%)$3,9231 (0.00%)$4,1115 (1.13%)$9,226--
*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, 267 (54.44 % of students) get any students loan help and its average loan amount is $267.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14301 (55%)$5,266301 (55%)$5,266--
2014-15134 (60%)$6,937134 (60%)$6,937--
2015-16202 (47%)$7,596202 (47%)$7,596--
2016-17296 (50%)$7,484296 (50%)$7,484--
2017-18363 (45%)$7,035363 (45%)$7,035--
2018-19238 (34%)$7,376238 (34%)$7,376--
2019-20151 (58%)$7,021151 (58%)$7,021--
2020-21354 (70%)$7,113354 (70%)$7,113--
2021-22361 (71%)$7,098361 (71%)$7,098--
Average267 (54.44%)$6,992267 (54.44%)$6,992--

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