Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 572, which is 86.00 % of all undergraduate students. 497 students which is 74.67% of undergraduate students received federal student loans and the average loan amount is $8,602.

For full-time, first-time beginning students (freshmen), 85.78% of students received grants or scholarships and 79% 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 University since 2013.

For that period, the average number of students who received grants aid/scholarships is 572, which is 86.00 % of all undergraduate students. 497 students which is 74.67% of undergraduate students received federal student loans and the average loan amount is $8,602.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14407 (92%)$7,737311 (71%)$4,386357 (81%)$9,243
2014-15373 (93%)$7,430252 (63%)$4,529316 (79%)$8,657
2015-16460 (86%)$7,583319 (60%)$4,485433 (81%)$9,416
2016-17572 (88%)$6,961431 (66%)$4,377522 (80%)$9,120
2017-18598 (67%)$7,625443 (50%)$5,053717 (80%)$7,994
2018-19603 (81%)$8,531446 (60%)$5,110491 (66%)$9,048
2019-20658 (85%)$7,590462 (60%)$4,348482 (62%)$7,385
2020-21757 (90%)$7,642541 (64%)$4,984566 (67%)$7,829
2021-22720 (92%)$4,693459 (59%)$5,122593 (76%)$8,726
Average572 (86.00%)$7,310407 (61.44%)$4,710497 (74.67%)$8,602
*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, 138 (85.78 % of students) received grants or scholarships and its average amount is $7,678. It can cover 55.84% of tuition & fees ($13,750).

In addition, 129 (79.22 % of students) students get helped from the students loans (average amount : $7,812).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14126 (98%)$8,714108 (84%)$9,772
2014-15107 (92%)$6,85588 (76%)$8,122
2015-16145 (88%)$6,899136 (83%)$7,319
2016-17114 (88%)$6,508105 (81%)$9,295
2017-18159 (80%)$7,619151 (76%)$7,138
2018-19115 (58%)$11,885126 (63%)$7,996
2019-20109 (68%)$6,623107 (66%)$6,939
2020-21139 (100%)$6,047128 (92%)$6,536
2021-22228 (100%)$7,955209 (92%)$7,194
Average138 (85.78%)$7,678129 (79.22%)$7,812
*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, 113 (70.33 % of students) received Pell (federal) grants and its average amount is $4,566.

In addition, 11 students received State/local government grants/scholarships (6.56 % 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
2013-1495 (74%)$5,21394 (73%)$9098 (6%)$2,34464 (50%)$7,790
2014-1567 (58%)$4,18667 (58%)$7224 (3%)$2,40068 (59%)$5,810
2015-16119 (73%)$4,216117 (71%)$7235 (3%)$1,74089 (54%)$4,554
2016-1791 (71%)$4,60291 (71%)$47512 (9%)$2,47545 (35%)$5,559
2017-18118 (60%)$5,748117 (59%)$55522 (11%)$2,40765 (33%)$6,387
2018-19109 (55%)$4,177103 (52%)$39816 (8%)$2,81969 (35%)$11,963
2019-20109 (68%)$4,086109 (68%)$4804 (2%)$2,00025 (16%)$8,650
2020-21139 (100%)$4,108139 (100%)$7348 (6%)$2,00019 (14%)$7,969
2021-22169 (74%)$4,760228 (100%)$1,35224 (11%)$2,68186 (38%)$7,404
Average113 (70.33%)$4,566118 (72.44%)$70511 (6.56%)$2,31859 (37.11%)$7,343
*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, 129 (79.22 % of students) get any students loan help and its average loan amount is $129.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14108 (84%)$9,772108 (84%)$9,6122 (2%)$8,671
2014-1588 (76%)$8,12288 (76%)$7,09311 (9%)$8,232
2015-16136 (83%)$7,319136 (83%)$7,1133 (2%)$9,333
2016-17105 (81%)$9,295105 (81%)$9,0903 (2%)$7,163
2017-18151 (76%)$7,138151 (76%)$6,7787 (4%)$7,760
2018-19126 (63%)$7,996126 (63%)$7,4857 (4%)$9,206
2019-20107 (66%)$6,939107 (66%)$6,1076 (4%)$14,841
2020-21128 (92%)$6,536128 (92%)$6,3082 (1%)$14,583
2021-22209 (92%)$7,194195 (86%)$6,39718 (8%)$14,225
Average129 (79.22%)$7,812127 (78.56%)$7,3317 (4.00%)$10,446

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