For the academic year 2022-2023, total 890 full-time, first-time students (99% 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 4,098 students (74% of all students) received grants or scholarships and the average grant amount is $8,626. In addition, 3,176 students received student loans and the average loan amount is $6,532.
Below tables show the number and amount by source of financial aid at Salem State University.
For all undergraduate students, total 4,098 students (74% of all students) received grants or scholarships and the average grant amount is $8,626. In addition, 3,176 students received student loans and the average loan amount is $6,532.
Below tables show the number and amount by source of financial aid at Salem State University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 4,098 | 74% | $8,626 |
| Pell Grants | 1,994 | 36% | $4,781 |
| Federal Student Loans | 3,176 | 57% | $6,532 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 890 | 99% | - |
| Grants or Scholarship from All Sources | 887 | 99% | $8,562 |
| Federal Grants | 500 | 56% | $5,492 |
| Pell Grants | 408 | 45% | $4,836 |
| Other Federal Grants | 373 | 42% | $2,072 |
| State/Local Grants | 424 | 47% | $3,287 |
| Institutional Grants | 883 | 98% | $3,913 |
| Student Loans | 634 | 71% | $7,254 |
| Federal Student Loans | 625 | 70% | $4,981 |
| Other Student Loans | 106 | 12% | $14,017 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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