Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,691, which is 82.22 % of all undergraduate students. 1,390 students which is 66.44% of undergraduate students received federal student loans and the average loan amount is $7,835.

For full-time, first-time beginning students (freshmen), 99.67% of students received grants or scholarships and 71% 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 Spring Arbor University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,691, which is 82.22 % of all undergraduate students. 1,390 students which is 66.44% of undergraduate students received federal student loans and the average loan amount is $7,835.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,684 (90%)$9,3711,349 (45%)$3,7452,232 (75%)$8,109
2014-152,397 (88%)$10,0741,219 (45%)$3,7932,034 (75%)$8,203
2015-162,042 (84%)$11,1351,009 (41%)$3,7861,725 (71%)$8,154
2016-171,810 (82%)$12,684901 (41%)$3,7281,574 (71%)$8,158
2017-181,598 (82%)$13,831777 (40%)$3,7951,351 (69%)$7,914
2018-191,420 (79%)$14,544676 (37%)$3,8211,182 (65%)$7,833
2019-201,254 (78%)$15,275537 (33%)$3,9181,002 (62%)$7,885
2020-211,082 (80%)$16,208415 (31%)$3,963782 (58%)$7,462
2021-22936 (77%)$17,775314 (26%)$4,143632 (52%)$6,801
Average1,691 (82.22%)$13,433800 (37.67%)$3,8551,390 (66.44%)$7,835
*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, 267 (99.67 % of students) received grants or scholarships and its average amount is $18,985. It can cover 58.27% of tuition & fees ($32,580).

In addition, 196 (71.44 % of students) students get helped from the students loans (average amount : $7,503).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14364 (99%)$16,019303 (83%)$7,654
2014-15335 (99%)$16,476272 (81%)$7,263
2015-16290 (100%)$18,192215 (74%)$7,837
2016-17304 (100%)$19,040227 (74%)$7,819
2017-18269 (100%)$19,288196 (73%)$7,170
2018-19192 (100%)$20,243128 (67%)$7,895
2019-20217 (100%)$20,124145 (67%)$7,911
2020-21208 (100%)$20,810116 (56%)$6,925
2021-22228 (99%)$20,677158 (68%)$7,050
Average267 (99.67%)$18,985196 (71.44%)$7,503
*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, 99 (35.33 % of students) received Pell (federal) grants and its average amount is $4,176.

In addition, 143 students received State/local government grants/scholarships (51.56 % 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
2013-14177 (48%)$4,174134 (37%)$2,085248 (68%)$1,722364 (99%)$12,048
2014-15144 (43%)$4,088102 (30%)$2,214226 (67%)$1,795335 (99%)$12,834
2015-16117 (40%)$4,098109 (38%)$2,321159 (55%)$2,230289 (100%)$14,493
2016-17114 (37%)$4,137108 (35%)$1,919156 (51%)$1,942304 (100%)$15,810
2017-1893 (35%)$4,00589 (33%)$2,455137 (51%)$1,946269 (100%)$16,100
2018-1959 (31%)$4,24157 (30%)$2,75588 (46%)$2,308192 (100%)$17,063
2019-2062 (29%)$3,93259 (27%)$2,88799 (46%)$2,705216 (100%)$17,060
2020-2159 (28%)$4,37258 (28%)$2,37792 (44%)$2,690208 (100%)$17,717
2021-2262 (27%)$4,53759 (26%)$2,19484 (36%)$2,607228 (99%)$17,915
Average99 (35.33%)$4,17686 (31.56%)$2,356143 (51.56%)$2,216267 (99.67%)$15,671
*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, 196 (71.44 % of students) get any students loan help and its average loan amount is $196.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14303 (83%)$7,654303 (83%)$6,56741 (11%)$8,031
2014-15272 (81%)$7,263271 (80%)$6,12934 (10%)$9,248
2015-16215 (74%)$7,837213 (73%)$6,42034 (12%)$9,340
2016-17227 (74%)$7,819224 (73%)$6,45834 (11%)$9,653
2017-18196 (73%)$7,170195 (72%)$5,48336 (13%)$9,334
2018-19128 (67%)$7,895127 (66%)$5,41029 (15%)$11,156
2019-20145 (67%)$7,911144 (66%)$5,45333 (15%)$10,965
2020-21116 (56%)$6,925112 (54%)$5,34819 (9%)$10,753
2021-22158 (68%)$7,050155 (67%)$5,38322 (10%)$12,705
Average196 (71.44%)$7,503194 (70.44%)$5,85031 (11.78%)$10,132

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