Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,185, which is 92.00 % of all undergraduate students. 982 students which is 76.44% of undergraduate students received federal student loans and the average loan amount is $6,944.

For full-time, first-time beginning students (freshmen), 98.67% of students received grants or scholarships and 86% 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 Nichols College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,185, which is 92.00 % of all undergraduate students. 982 students which is 76.44% of undergraduate students received federal student loans and the average loan amount is $6,944.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,029 (80%)$18,063412 (32%)$4,150974 (76%)$7,253
2014-151,215 (92%)$18,180428 (33%)$4,2711,043 (79%)$6,921
2015-161,181 (93%)$18,683413 (33%)$4,303970 (77%)$6,962
2016-171,210 (95%)$18,797381 (30%)$4,2451,003 (79%)$7,071
2017-181,235 (94%)$19,673437 (33%)$4,3881,012 (77%)$6,872
2018-191,271 (96%)$22,729438 (33%)$4,6291,003 (76%)$6,310
2019-201,241 (94%)$20,638403 (30%)$4,887958 (72%)$6,963
2020-211,158 (91%)$23,776367 (29%)$5,047890 (70%)$7,323
2021-221,128 (93%)$21,773367 (30%)$4,770986 (82%)$6,817
Average1,185 (92.00%)$20,257405 (31.44%)$4,521982 (76.44%)$6,944
*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, 345 (98.67 % of students) received grants or scholarships and its average amount is $21,470. It can cover 53.18% of tuition & fees ($40,375).

In addition, 300 (86.00 % of students) students get helped from the students loans (average amount : $9,164).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14353 (93%)$19,051308 (81%)$8,573
2014-15388 (99%)$18,520333 (85%)$9,250
2015-16313 (96%)$18,565267 (82%)$8,751
2016-17350 (100%)$19,239301 (86%)$9,580
2017-18374 (100%)$21,260317 (85%)$9,509
2018-19354 (100%)$23,135321 (91%)$9,464
2019-20342 (100%)$22,324273 (80%)$9,953
2020-21312 (100%)$24,624290 (93%)$9,522
2021-22316 (100%)$26,515289 (91%)$7,875
Average345 (98.67%)$21,470300 (86.00%)$9,164
*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, 118 (33.78 % of students) received Pell (federal) grants and its average amount is $4,540.

In addition, 86 students received State/local government grants/scholarships (24.78 % 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
2013-14116 (31%)$4,11266 (17%)$48487 (23%)$1,844353 (93%)$17,155
2014-15133 (34%)$4,24796 (25%)$52587 (22%)$2,064388 (99%)$16,471
2015-16107 (33%)$4,11565 (20%)$50080 (25%)$2,207313 (96%)$16,491
2016-17116 (33%)$4,30074 (21%)$48377 (22%)$2,164350 (100%)$17,235
2017-18143 (38%)$4,34974 (20%)$46687 (23%)$2,332374 (100%)$18,962
2018-19135 (38%)$4,84376 (21%)$43886 (24%)$2,215354 (100%)$20,656
2019-20112 (33%)$5,04276 (22%)$47179 (23%)$564342 (100%)$20,438
2020-21102 (33%)$5,62694 (30%)$64566 (21%)$1,495312 (100%)$22,274
2021-2299 (31%)$4,22588 (28%)$391126 (40%)$1,998316 (100%)$24,286
Average118 (33.78%)$4,54079 (22.67%)$48986 (24.78%)$1,876345 (98.67%)$19,330
*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, 300 (86.00 % of students) get any students loan help and its average loan amount is $300.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14308 (81%)$8,573306 (81%)$6,05556 (15%)$14,064
2014-15333 (85%)$9,250331 (85%)$5,75481 (21%)$14,512
2015-16267 (82%)$8,751267 (82%)$5,42857 (18%)$15,563
2016-17301 (86%)$9,580296 (84%)$5,60070 (20%)$17,513
2017-18317 (85%)$9,509316 (84%)$5,55978 (21%)$16,125
2018-19321 (91%)$9,464321 (91%)$5,97559 (17%)$18,981
2019-20273 (80%)$9,953267 (78%)$5,83260 (18%)$19,332
2020-21290 (93%)$9,522289 (93%)$6,08652 (17%)$19,280
2021-22289 (91%)$7,875289 (91%)$4,89558 (18%)$14,849
Average300 (86.00%)$9,164298 (85.44%)$5,68763 (18.33%)$16,691

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