Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 936, which is 59.67 % of all undergraduate students. 260 students which is 16.56% of undergraduate students received federal student loans and the average loan amount is $5,935.

For full-time, first-time beginning students (freshmen), 59.33% of students received grants or scholarships and 13% 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 Swarthmore College since 2013.

For that period, the average number of students who received grants aid/scholarships is 936, which is 59.67 % of all undergraduate students. 260 students which is 16.56% of undergraduate students received federal student loans and the average loan amount is $5,935.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14840 (55%)$35,767229 (15%)$4,255375 (24%)$5,733
2014-15847 (55%)$37,847237 (15%)$4,338348 (23%)$6,024
2015-16836 (56%)$41,840238 (16%)$4,412276 (18%)$5,901
2016-17893 (58%)$42,896251 (16%)$4,560264 (17%)$5,967
2017-18937 (59%)$46,289300 (19%)$4,603263 (17%)$5,857
2018-19997 (61%)$48,199337 (20%)$4,822253 (15%)$5,942
2019-201,005 (60%)$51,088339 (20%)$4,971223 (13%)$5,894
2020-211,070 (74%)$41,377322 (22%)$4,842167 (12%)$6,142
2021-22998 (59%)$51,095328 (19%)$5,106173 (10%)$5,956
Average936 (59.67%)$44,044287 (18.00%)$4,657260 (16.56%)$5,935
*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, 242 (59.33 % of students) received grants or scholarships and its average amount is $45,285. It can cover 72.56% of tuition & fees ($62,412).

In addition, 51 (12.56 % of students) students get helped from the students loans (average amount : $7,827).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14201 (52%)$38,11470 (18%)$7,070
2014-15212 (52%)$40,87071 (17%)$6,157
2015-16238 (58%)$44,72250 (12%)$5,927
2016-17244 (59%)$46,10561 (15%)$8,843
2017-18219 (56%)$49,40050 (13%)$5,832
2018-19231 (56%)$51,40842 (10%)$8,986
2019-20260 (62%)$49,17352 (12%)$10,019
2020-21285 (76%)$40,07228 (7%)$9,904
2021-22286 (63%)$47,70339 (9%)$7,705
Average242 (59.33%)$45,28551 (12.56%)$7,827
*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, 77 (18.89 % of students) received Pell (federal) grants and its average amount is $4,814.

In addition, 18 students received State/local government grants/scholarships (4.44 % 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
2013-1458 (15%)$4,65520 (5%)$2,91611 (3%)$2,798201 (52%)$36,328
2014-1561 (15%)$4,33824 (6%)$2,93027 (7%)$1,932212 (52%)$39,044
2015-1668 (17%)$4,83619 (5%)$2,91119 (5%)$2,838238 (58%)$42,881
2016-1780 (19%)$4,78118 (4%)$3,00023 (6%)$2,440244 (59%)$44,086
2017-1881 (21%)$4,67628 (7%)$2,94610 (3%)$3,229219 (56%)$47,147
2018-1990 (22%)$4,92929 (7%)$2,16618 (4%)$3,436230 (56%)$49,161
2019-2084 (20%)$4,904155 (37%)$1,29120 (5%)$3,423236 (57%)$51,291
2020-2182 (22%)$4,795283 (76%)$1,85420 (5%)$2,059202 (54%)$51,790
2021-2287 (19%)$5,412172 (38%)$1,89111 (2%)$4,015242 (53%)$52,904
Average77 (18.89%)$4,81483 (20.56%)$2,43418 (4.44%)$2,908225 (55.22%)$46,070
*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, 51 (12.56 % of students) get any students loan help and its average loan amount is $51.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1470 (18%)$7,07066 (17%)$4,8097 (2%)$25,360
2014-1571 (17%)$6,15768 (17%)$5,1295 (1%)$17,675
2015-1650 (12%)$5,92749 (12%)$4,7513 (1%)$21,173
2016-1761 (15%)$8,84357 (14%)$5,2688 (2%)$29,892
2017-1850 (13%)$5,83249 (13%)$5,0663 (1%)$14,444
2018-1942 (10%)$8,98636 (9%)$4,8117 (2%)$29,176
2019-2052 (12%)$10,01945 (11%)$5,11513 (3%)$22,373
2020-2128 (7%)$9,90424 (6%)$5,1915 (1%)$30,543
2021-2239 (9%)$7,70533 (7%)$4,7667 (2%)$20,461
Average51 (12.56%)$7,82747 (11.78%)$4,9906 (1.67%)$23,455

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