Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 4,032, which is 59.89 % of all undergraduate students. 4,205 students which is 61.33% of undergraduate students received federal student loans and the average loan amount is $6,931.

For full-time, first-time beginning students (freshmen), 78.22% of students received grants or scholarships and 76% 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 Salem State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 4,032, which is 59.89 % of all undergraduate students. 4,205 students which is 61.33% of undergraduate students received federal student loans and the average loan amount is $6,931.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,724 (49%)$5,1362,560 (33%)$4,0914,574 (60%)$7,144
2014-154,040 (53%)$5,4022,677 (35%)$4,0934,691 (62%)$7,090
2015-164,034 (54%)$5,4532,619 (35%)$4,1524,706 (63%)$6,946
2016-173,961 (54%)$5,7812,627 (36%)$4,2244,660 (63%)$7,040
2017-183,991 (56%)$6,1872,650 (37%)$4,5244,518 (64%)$7,108
2018-193,972 (58%)$6,5922,610 (38%)$4,6064,302 (63%)$7,026
2019-204,565 (73%)$6,5052,328 (37%)$4,6313,878 (62%)$6,851
2020-213,901 (68%)$7,7072,333 (41%)$4,2673,342 (58%)$6,640
2021-224,098 (74%)$8,6261,994 (36%)$4,7813,176 (57%)$6,532
Average4,032 (59.89%)$6,3772,489 (36.44%)$4,3744,205 (61.33%)$6,931
*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, 813 (78.22 % of students) received grants or scholarships and its average amount is $6,960. It can cover 36.71% of tuition & fees ($18,961) based on out-of-state rate.

In addition, 794 (75.67 % of students) students get helped from the students loans (average amount : $7,536).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14706 (66%)$5,759779 (73%)$6,807
2014-15770 (68%)$6,082864 (77%)$7,646
2015-16706 (65%)$6,158859 (79%)$7,695
2016-17767 (68%)$6,771877 (78%)$7,960
2017-18736 (68%)$7,096830 (77%)$8,356
2018-19898 (82%)$7,765877 (80%)$7,610
2019-20964 (97%)$6,775774 (78%)$7,746
2020-21882 (91%)$7,673654 (68%)$6,749
2021-22887 (99%)$8,562634 (71%)$7,254
Average813 (78.22%)$6,960794 (75.67%)$7,536
*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, 456 (43.33 % of students) received Pell (federal) grants and its average amount is $4,658.

In addition, 532 students received State/local government grants/scholarships (50.78 % 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
2013-14420 (39%)$4,458220 (20%)$515526 (49%)$1,760561 (52%)$2,058
2014-15452 (40%)$4,450235 (21%)$736559 (50%)$1,940613 (54%)$2,307
2015-16442 (41%)$4,418247 (23%)$701510 (47%)$2,181570 (53%)$1,946
2016-17496 (44%)$4,605245 (22%)$514518 (46%)$2,492600 (53%)$2,487
2017-18455 (42%)$4,743216 (20%)$490550 (51%)$2,587623 (58%)$2,466
2018-19562 (51%)$4,797192 (18%)$479618 (56%)$3,009769 (70%)$3,025
2019-20453 (45%)$4,794184 (18%)$603529 (53%)$3,006961 (96%)$2,767
2020-21415 (43%)$4,818362 (38%)$1,411556 (58%)$3,353871 (90%)$2,748
2021-22408 (45%)$4,836373 (42%)$2,072424 (47%)$3,287883 (98%)$3,913
Average456 (43.33%)$4,658253 (24.67%)$836532 (50.78%)$2,624717 (69.33%)$2,635
*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, 794 (75.67 % of students) get any students loan help and its average loan amount is $794.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14779 (73%)$6,807772 (72%)$5,679102 (9%)$9,004
2014-15864 (77%)$7,646856 (76%)$5,748154 (14%)$10,946
2015-16859 (79%)$7,695843 (78%)$5,519172 (16%)$11,381
2016-17877 (78%)$7,960867 (77%)$5,461191 (17%)$11,764
2017-18830 (77%)$8,356814 (75%)$5,373205 (19%)$12,494
2018-19877 (80%)$7,610860 (78%)$5,352174 (16%)$11,904
2019-20774 (78%)$7,746763 (77%)$5,329164 (16%)$11,766
2020-21654 (68%)$6,749644 (67%)$4,98493 (10%)$12,948
2021-22634 (71%)$7,254625 (70%)$4,981106 (12%)$14,017
Average794 (75.67%)$7,536783 (74.44%)$5,381151 (14.33%)$11,803

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