For the academic year 2022-2023, total 169 full-time, first-time students (79% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 527 students (57% of all students) have received federal student loans and the average loan amount is $8,314 at Arclabs.
Below tables show the number and amount by source of financial aid at Arclabs.
Below tables show the number and amount by source of financial aid at Arclabs.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 538 | 58% | $5,765 |
| Pell Grants | 520 | 56% | $5,417 |
| Federal Student Loans | 527 | 57% | $8,314 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 182 | 85% | - |
| Grants or Scholarship from All Sources | 152 | 71% | $6,436 |
| Federal Grants | 148 | 69% | $6,087 |
| Pell Grants | 147 | 69% | $6,010 |
| Other Federal Grants | 20 | 9% | $873 |
| State/Local Grants | 9 | 4% | $8,588 |
| Institutional Grants | 0 | 0% | $0 |
| Student Loans | 169 | 79% | $8,956 |
| Federal Student Loans | 169 | 79% | $8,956 |
| Other Student Loans | 0 | 0% | $0 |
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