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What is the average loan amount at Spring Arbor University?

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For the academic year 2022-2023, total 158 full-time, first-time students (68% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 632 students (52% of all students) have received federal student loans and the average loan amount is $6,801 at Spring Arbor University.

Below tables show the number and amount by source of financial aid at Spring Arbor University.
All Undergraduate Student Financial Aid at Spring Arbor University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid93677%$17,775
Pell Grants31426%$4,143
Federal Student Loans63252%$6,801
Beginning Students (Freshmen) Financial Aid at Spring Arbor University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid231100%-
Grants or Scholarship from All Sources22899%$20,677
Federal Grants6227%$6,625
Pell Grants6227%$4,537
Other Federal Grants5926%$2,194
State/Local Grants8436%$2,607
Institutional Grants22899%$17,915
Student Loans15868%$7,050
Federal Student Loans15567%$5,383
Other Student Loans2210%$12,705
see more grants, scholarship, student loans, and other financial aid stats

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