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What is the average financial aid amount at inst?

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For the academic year 2022-2023, total 45 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.

For all undergraduate students, total 333 students (89% of all students) received grants or scholarships and the average grant amount is $25,284. In addition, 180 students received student loans and the average loan amount is $6,277.

Below tables show the number and amount by source of financial aid at Salem College.
All Undergraduate Student Financial Aid at Salem College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid33389%$25,284
Pell Grants19151%$4,959
Federal Student Loans18048%$6,277
Beginning Students (Freshmen) Financial Aid at Salem College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid45100%-
Grants or Scholarship from All Sources45100%$30,048
Federal Grants4498%$8,303
Pell Grants2862%$5,234
Other Federal Grants4498%$4,973
State/Local Grants2862%$6,599
Institutional Grants45100%$17,823
Student Loans2453%$5,150
Federal Student Loans2453%$4,539
Other Student Loans24%$7,330
see more grants, scholarship, student loans, and other financial aid stats

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