Are you looking to add Scholarship Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Scholarship Management statistics of 2024.
My team and I scanned the entire web and collected all the most useful Scholarship Management stats on this page. You don’t need to check any other resource on the web for any Scholarship Management statistics. All are here only 🙂
How much of an impact will Scholarship Management have on your day-to-day? or the day-to-day of your business? Should you invest in Scholarship Management? We will answer all your Scholarship Management related questions here.
Please read the page carefully and don’t miss any word. 🙂
On this page, you’ll learn about the following:
Best Scholarship Management Statistics
☰ Use “CTRL+F” to quickly find statistics. There are total 52 Scholarship Management Statistics on this page 🙂Scholarship Management Latest Statistics
- 25% of college students received money from scholarships and grants. [0]
- Of the students who were awarded scholarships, 97% receive $2,500 or less. [0]
- Furthermore, only 0.2% of students receive scholarships worth $25,000 or more. [0]
- 50% of students who were awarded private scholarships experience scholarship displacement. [0]
- Meanwhile, 62% of schools reduce institutional grants, 55% reduce student loans, and 24% reduce student employment. [0]
- Of these, 31% of students granted scholarships who inform schools of their private scholarships face reduced institutional grants. [0]
- Full ride scholarships are awarded to only about 0.1% of students. [0]
- Nearly just as rare are full tuition scholarships, which are awarded to only 1.5% of students. [0]
- Unfortunately, 42% of scholarships cannot be found through a simple Google search. [0]
- The college majors with the highest shares of federal grant money received are health at 18.4%, humanities at 16.3%, and business/management at 15.9%. [0]
- These are followed by technical/professional majors (12.3%), life sciences (7.5%), social and behavioral sciences (7%), engineering (6.1%), computer and information science (4.6%), education (4.5%), and vocation and technical majors (3.2%). [0]
- 8% of scholarships are granted to students whose families have high incomes. [0]
- At 62%, students from private for profit institutions are the most likely to receive grants from the federal government. [0]
- Meanwhile, public university students, at 38%, are the most likely to receive state grants. [0]
- For twoyear institutions, private nonprofit schools are also the most likely to award aid to firsttime fulltime undergraduates at 96%, followed by private for profit schools (87%) and public schools (77%). [0]
- The total value of student grants in the U.S. increased from $126 billion in A.Y. 20112012 to $138.6 billion in A.Y. 2020 2021, accounting for a 10% increase. [0]
- There was a 112.025% increase in scholarship value for undergraduates and 37% for graduates from what they were in the 2000 2001 academic year. [0]
- The largest source of student aid in private four year nonprofit institutions is institutional grants at 83%. [0]
- Next are student loans (58%), federal grants (33%), and state/local grants (25%). [0]
- In the case of private fouryear for profit schools, student loans are the top source at 70%. [0]
- Next are federal grants (65%), institutional grants (30%), and state/local grants (11%). [0]
- Meanwhile, institutional grants are the biggest source for public four year schools at 51%, followed by student loans (44%), state/local grants (38%), and federal grants (37%). [0]
- For twoyear private institutions, student loans are the biggest source of student aid, amounting to 88% for nonprofit institutions and 74% for for. [0]
- Students of two year public schools, on the other hand, mostly acquire financial aid from federal grants at 52%, followed by state/local grants (42%), student loans (18%), and institutional grants (17%). [0]
- District of Columbia has the largest percentage allocation for grant aid expenditures on higher education among all U.S. states at 35%, followed by South Carolina (34%), Lousiana (28%), Virginia (28%), Kentucky (24%), and Georgia (24%). [0]
- In fact, 30% of new enrollees in 2020 2021 were awarded Pell Grant funds. [0]
- Delving further, the Pell Grant covered 29% of the expenditures for tuition fees and room and board charges in fouryear public schools and 13% in four year private institutions. [0]
- Learners with a 3.5 or higher GPA (17%) are the most likely to receive private scholarships, followed by those with a GPA of 3.0 to 3.4 (13.1%), 2.5 to 2.9 (10.4%), 2.0 to 2.4 (8.3%), and less than 2.0 (7%). [0]
- Moreover, students with an unweighted GPA of 3.5 to 4.0 are twice as likely to be awarded a private scholarship as those with a GPA lower than 3.0. [0]
- As far as SAT scores are concerned, students who scored 1,000 or higher are the most likely to be awarded a private scholarship at 12.9%, more so than students who scored lower than 1000 (7.8%). [0]
- Meanwhile, at 12.4%, students who scored 21 or higher in the ACT are more likely to be granted a private scholarship than those who scored below 21 (7.7%). [0]
- 16.2% of STEM students and 11.5% of learners in non STEM fields are awarded private scholarships. [0]
- 48% of student athletes believe that academic scholarships adequately compensate for their studies while 26% do not. [0]
- 22% of undergraduates are awarded merit. [0]
- An estimated 53.3% of high school students in 2021 completed the Free Application for Federal Student Aid , which represents a 2.5% decrease from 2020. [0]
- The U.S. states with the highest FAFSA completion rates in 2021 are Lousiana (73.7%), Tennessee (71.6%). [0]
- D.C. (66%), Illinois (65.7%), and New Jersey (64.3%). [0]
- More than 85% of college students are given financial aid. [0]
- However, 38% of college students fear that they do not have sufficient funds to cover the current semester. [0]
- 58% of U.S. families leveraged need based scholarships to shoulder higher education expenses. [0]
- In addition, 37% of high school students cite cost to the family as the top factor in choosing a college while 19% mention financial aid. [0]
- Meanwhile, grants and scholarships, at 49%, have the largest share of high school parents believing that it is instrumental for financing college. [0]
- It is followed by financial aid ( 44%), student loans (35%), general savings (33%), and parents’ income (25%). [0]
- In fact, 57% of student athletes received some form of financial aid in 2019, so applying for a scholarship is advised. [0]
- Athletic scholarships are offered to less than 2% of high school student. [0]
- Ohio State University’s 2015 National Student Financial Wellness Study found that a staggering 70 percent of college students reported feeling stressed about their finances. [1]
- “Nearly 60 percent [of respondents] said they worry about having enough money to pay for school, while half are concerned about paying their monthly expenses. [1]
- 32 percent of students reported neglecting their studies at least sometimes because of the money they owed. [1]
- Between 20 and 40 percent of community college attendees are struggling to eat, and around 13 percent are homeless. [1]
- According to the , “a college degree is worth $365,000 [in lifetime earnings] for the average American man after subtracting all its direct and indirect costs. [1]
- 1.13% 11.23% Variable 3.50%12.60% Fixed Undergraduate and Graduate 1.13%. [2]
- 3.50% 12.60% Fixed Undergraduate and Graduate. [2]
I know you want to use Scholarship Management Software, thus we made this list of best Scholarship Management Software. We also wrote about how to learn Scholarship Management Software and how to install Scholarship Management Software. Recently we wrote how to uninstall Scholarship Management Software for newbie users. Don’t forgot to check latest Scholarship Management statistics of 2024.
Reference
- research – https://research.com/research/scholarship-statistics.
- scholarshipamerica – https://scholarshipamerica.org/blog/financial-stress-prevents-college-students-from-graduating-what-can-we-do/.
- collegeraptor – https://www.collegeraptor.com/paying-for-college/articles/scholarship-search-applications/scholarship-statistics-where-most-scholarships-come-from-infographic/.
How Useful is Scholarship Management
First and foremost, scholarship management ensures that bright and talented students have access to quality education, regardless of their financial background. By awarding merit-based scholarships, academic institutions can attract and retain top-tier students who may not have been able to afford a higher education otherwise. This not only benefits the individual students by helping them achieve their educational and career goals but also contributes to a more diverse and inclusive educational environment that fosters innovation and excellence.
Additionally, scholarship management helps address the issue of financial barriers that often prevent students from pursuing higher education. By offering need-based scholarships, institutions can support students from low-income backgrounds who may not have the means to pay for tuition, books, and other expenses associated with attending college or university. This level of financial support not only opens doors of opportunity for underprivileged students but also helps break the cycle of poverty by empowering them to secure better-paying jobs and contribute meaningfully to society.
Furthermore, scholarship management encourages academic excellence by motivating students to strive for high academic achievements in order to be considered for scholarships. By setting high standards and providing incentives for success, scholarship programs help cultivate a culture of excellence and meritocracy within educational institutions. This, in turn, benefits the larger society by producing a skilled and knowledgeable workforce that can drive economic growth, technological innovation, and social progress.
Moreover, scholarship management can also help address inequalities in access to education by prioritizing marginalized and underrepresented groups such as women, minorities, and persons with disabilities. By creating scholarship programs that target these specific populations, institutions can help bridge the gap in educational attainment and provide greater opportunities for all individuals to succeed academically and professionally. This equity-focused approach not only promotes social justice and equality but also ensures that talent and potential are nurtured regardless of one’s background or circumstances.
In conclusion, scholarship management is a critical component of the higher education system that serves to promote academic excellence, support underprivileged students, and contribute to a more equitable and inclusive society. By investing in the education of deserving individuals and empowering them to reach their full potential, scholarship programs play a vital role in shaping the future of our workforce, economy, and communities. As such, it is imperative that we continue to support and encourage scholarship management as a means of advancing educational opportunities and driving positive social change.
In Conclusion
Be it Scholarship Management benefits statistics, Scholarship Management usage statistics, Scholarship Management productivity statistics, Scholarship Management adoption statistics, Scholarship Management roi statistics, Scholarship Management market statistics, statistics on use of Scholarship Management, Scholarship Management analytics statistics, statistics of companies that use Scholarship Management, statistics small businesses using Scholarship Management, top Scholarship Management systems usa statistics, Scholarship Management software market statistics, statistics dissatisfied with Scholarship Management, statistics of businesses using Scholarship Management, Scholarship Management key statistics, Scholarship Management systems statistics, nonprofit Scholarship Management statistics, Scholarship Management failure statistics, top Scholarship Management statistics, best Scholarship Management statistics, Scholarship Management statistics small business, Scholarship Management statistics 2024, Scholarship Management statistics 2021, Scholarship Management statistics 2024 you will find all from this page. 🙂
We tried our best to provide all the Scholarship Management statistics on this page. Please comment below and share your opinion if we missed any Scholarship Management statistics.