Number Received Financial Aid (All Undergraduate)
538
Percent Received Financial Aid(All Undergraduate)
58%
Average Aid Amount
$5,765
Number Received Financial Aid (Freshmen)
182
Percent Received Financial Aid (Freshmen)
85%
Financial Aid Information at Arclabs
For the academic year 2021-2022, a total of 538 students (58% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $5,765. For freshmen (Full-time, first-time degree-seeking undergraduate students), 182 students (85% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Arclabs is $18,900, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 538 students (58% of all students) have received grants or scholarships and the average received aid amount is $5,765. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Arclabs for all undergraduate students.
| 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 |
Beginning Students Financial Aid
a total of 182 beginning students (85% of all freshmen) have received any financial aid and 178 students (83% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Arclabs.
| 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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