Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 11,279, which is 83.33 % of all undergraduate students. 8,058 students which is 59.44% of undergraduate students received federal student loans and the average loan amount is $6,393.

For full-time, first-time beginning students (freshmen), 95.11% of students received grants or scholarships and 67% 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 Rochester Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 11,279, which is 83.33 % of all undergraduate students. 8,058 students which is 59.44% of undergraduate students received federal student loans and the average loan amount is $6,393.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1410,826 (78%)$18,1234,081 (29%)$4,1318,409 (61%)$7,245
2014-1511,019 (82%)$18,3123,968 (29%)$4,2058,238 (61%)$7,154
2015-1611,516 (85%)$18,6963,988 (29%)$4,2458,929 (66%)$6,272
2016-1711,445 (86%)$17,4053,873 (29%)$4,2848,257 (62%)$6,486
2017-1811,698 (87%)$19,5553,917 (29%)$4,7908,206 (61%)$6,334
2018-1911,760 (87%)$20,7743,952 (29%)$4,8728,099 (60%)$6,103
2019-2011,489 (86%)$20,0053,744 (28%)$4,8767,775 (58%)$6,150
2020-2111,115 (83%)$24,0813,565 (27%)$4,9397,031 (52%)$5,995
2021-2210,647 (76%)$26,7823,723 (27%)$5,0757,580 (54%)$5,799
Average11,279 (83.33%)$20,4153,868 (28.44%)$4,6028,058 (59.44%)$6,393
*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, 2,707 (95.11 % of students) received grants or scholarships and its average amount is $23,814. It can cover 42.03% of tuition & fees ($56,664).

In addition, 1,918 (67.33 % of students) students get helped from the students loans (average amount : $9,419).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,534 (92%)$19,4141,902 (69%)$9,566
2014-152,477 (93%)$20,2531,904 (71%)$8,952
2015-162,636 (91%)$21,6822,062 (71%)$8,217
2016-172,455 (95%)$21,0551,748 (67%)$8,876
2017-182,606 (95%)$22,5521,878 (68%)$8,753
2018-192,695 (95%)$23,2481,950 (69%)$9,685
2019-202,615 (98%)$25,0401,752 (65%)$10,891
2020-213,091 (100%)$31,9601,952 (63%)$9,936
2021-223,254 (97%)$29,1222,118 (63%)$9,891
Average2,707 (95.11%)$23,8141,918 (67.33%)$9,419
*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, 868 (30.56 % of students) received Pell (federal) grants and its average amount is $4,483.

In addition, 842 students received State/local government grants/scholarships (29.78 % 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
2013-14886 (32%)$4,097625 (23%)$1,4841,062 (38%)$4,5442,485 (90%)$16,021
2014-15854 (32%)$4,267608 (23%)$1,402884 (33%)$5,1722,416 (90%)$17,011
2015-16929 (32%)$4,301686 (24%)$1,270946 (33%)$5,3882,606 (90%)$18,108
2016-17748 (29%)$4,456565 (22%)$1,132742 (29%)$5,5062,445 (94%)$17,846
2017-18843 (31%)$4,482660 (24%)$1,049847 (31%)$5,2682,606 (95%)$19,124
2018-19854 (30%)$4,616646 (23%)$875853 (30%)$4,3392,664 (94%)$20,437
2019-20811 (30%)$4,6481,845 (69%)$1,083763 (28%)$4,7152,561 (95%)$21,912
2020-21931 (30%)$4,7351,913 (62%)$1,310686 (22%)$2,8493,074 (99%)$29,252
2021-22956 (29%)$4,746792 (24%)$485798 (24%)$2,5773,151 (94%)$27,860
Average868 (30.56%)$4,483927 (32.67%)$1,121842 (29.78%)$4,4842,668 (93.44%)$20,841
*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, 1,918 (67.33 % of students) get any students loan help and its average loan amount is $1,918.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-141,902 (69%)$9,5661,892 (68%)$7,446272 (10%)$15,093
2014-151,904 (71%)$8,9521,899 (71%)$6,860254 (9%)$15,817
2015-162,062 (71%)$8,2172,000 (69%)$5,740341 (12%)$16,023
2016-171,748 (67%)$8,8761,739 (67%)$5,693304 (12%)$18,467
2017-181,878 (68%)$8,7531,863 (68%)$5,666353 (13%)$16,662
2018-191,950 (69%)$9,6851,932 (68%)$5,284460 (16%)$18,863
2019-201,752 (65%)$10,8911,735 (65%)$5,856451 (17%)$19,781
2020-211,952 (63%)$9,9361,908 (62%)$5,197483 (16%)$19,624
2021-222,118 (63%)$9,8912,082 (62%)$5,112500 (15%)$20,614
Average1,918 (67.33%)$9,4191,894 (66.67%)$5,873380 (13.33%)$17,883

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