Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 2,068, which is 96.44 % of all undergraduate students. 1,660 students which is 77.11% of undergraduate students received federal student loans and the average loan amount is $6,697.

For full-time, first-time beginning students (freshmen), 98.22% of students received grants or scholarships and 80% 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 Springfield College since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,068, which is 96.44 % of all undergraduate students. 1,660 students which is 77.11% of undergraduate students received federal student loans and the average loan amount is $6,697.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,048 (95%)$17,041505 (23%)$3,6941,734 (80%)$7,032
2014-152,034 (95%)$18,392495 (23%)$3,8761,717 (80%)$6,963
2015-162,023 (94%)$19,586486 (23%)$3,9421,681 (78%)$6,772
2016-172,004 (96%)$20,480487 (23%)$4,1231,652 (79%)$6,955
2017-182,131 (96%)$21,577571 (26%)$4,1991,762 (79%)$6,787
2018-192,048 (96%)$22,269545 (26%)$4,3681,644 (77%)$6,529
2019-202,130 (98%)$24,269512 (24%)$4,4541,636 (75%)$6,483
2020-212,165 (99%)$26,245486 (22%)$4,5041,629 (74%)$6,398
2021-222,029 (99%)$26,331461 (22%)$4,6201,488 (72%)$6,355
Average2,068 (96.44%)$21,799505 (23.56%)$4,1981,660 (77.11%)$6,697
*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, 552 (98.22 % of students) received grants or scholarships and its average amount is $22,985. It can cover 52.59% of tuition & fees ($43,707).

In addition, 447 (79.56 % of students) students get helped from the students loans (average amount : $9,243).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14499 (98%)$17,604421 (83%)$10,142
2014-15541 (96%)$19,558461 (82%)$9,372
2015-16528 (97%)$20,288442 (81%)$9,322
2016-17529 (98%)$21,540448 (83%)$9,339
2017-18641 (98%)$22,599541 (83%)$9,567
2018-19523 (99%)$22,842424 (80%)$9,355
2019-20585 (98%)$26,018453 (76%)$9,421
2020-21615 (100%)$28,039466 (76%)$8,975
2021-22507 (100%)$28,376363 (72%)$7,690
Average552 (98.22%)$22,985447 (79.56%)$9,243
*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, 142 (25.11 % of students) received Pell (federal) grants and its average amount is $4,239.

In addition, 73 students received State/local government grants/scholarships (13.11 % 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
2013-14122 (24%)$3,538121 (24%)$71976 (15%)$1,985497 (98%)$16,328
2014-15139 (25%)$4,121137 (24%)$83881 (14%)$2,261540 (96%)$17,982
2015-16137 (25%)$4,074135 (25%)$77376 (14%)$1,992526 (96%)$18,818
2016-17151 (28%)$3,955148 (27%)$76464 (12%)$2,076525 (97%)$20,098
2017-18190 (29%)$4,265191 (29%)$51077 (12%)$2,673641 (98%)$20,861
2018-19134 (25%)$4,481121 (23%)$1,24963 (12%)$2,323523 (99%)$21,125
2019-20139 (23%)$4,214443 (74%)$61271 (12%)$2,686585 (98%)$24,228
2020-21142 (23%)$4,670564 (92%)$2,17466 (11%)$3,004605 (98%)$25,052
2021-22121 (24%)$4,837477 (94%)$1,09182 (16%)$2,786499 (98%)$26,157
Average142 (25.11%)$4,239260 (45.78%)$97073 (13.11%)$2,421549 (97.56%)$21,183
*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, 447 (79.56 % of students) get any students loan help and its average loan amount is $447.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14421 (83%)$10,142419 (82%)$6,28181 (16%)$20,221
2014-15461 (82%)$9,372458 (81%)$6,313106 (19%)$13,483
2015-16442 (81%)$9,322437 (80%)$5,386103 (19%)$17,152
2016-17448 (83%)$9,339443 (82%)$6,23792 (17%)$15,444
2017-18541 (83%)$9,567536 (82%)$5,798123 (19%)$16,810
2018-19424 (80%)$9,355422 (80%)$5,39094 (18%)$18,000
2019-20453 (76%)$9,421451 (76%)$5,351100 (17%)$18,545
2020-21466 (76%)$8,975465 (75%)$5,304106 (17%)$16,189
2021-22363 (72%)$7,690360 (71%)$5,13355 (11%)$17,155
Average447 (79.56%)$9,243443 (78.78%)$5,68896 (17.00%)$17,000

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