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.
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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
One of the main benefits of scholarship management is the opportunity it provides for deserving students who may not have the financial means to pay for their education. Scholarships can open doors for students from underprivileged backgrounds, giving them the chance to access higher education and improve their future prospects. By effectively managing scholarships, organizations can make a meaningful impact on the lives of these students and help them achieve their full potential.
Another key advantage of scholarship management is the ability to attract and retain top talent. Many universities and institutions use scholarships as a way to attract high-achieving students and keep them engaged throughout their academic journey. By offering scholarships, organizations can create a competitive advantage, encouraging students to choose their institution over others. This not only benefits the students who receive the scholarships but also enriches the overall academic community by bringing in highly motivated individuals.
Scholarship management also plays a vital role in promoting diversity and inclusivity within education. By offering scholarships to students from diverse backgrounds, organizations can create a more inclusive and representative academic environment. This helps to break down barriers and ensures that students from all walks of life have equal access to education. Scholarship management can be a powerful tool for promoting social justice and equality by providing opportunities to those who may have been disadvantaged in the past.
Furthermore, effective scholarship management can have a positive impact on the reputation and visibility of an institution. By supporting deserving students through scholarships, organizations can enhance their standing in the academic community and attract positive attention from potential donors and supporters. This can lead to increased funding opportunities and partnerships, further enhancing the organization’s ability to support students and drive positive change within the education sector.
Overall, scholarship management is a crucial component of the education system that should not be underestimated. By channeling resources effectively and supporting deserving students, organizations can make a lasting impact on individuals and society as a whole. Through scholarships, we can create a more equitable and inclusive academic environment that empowers students to reach their full potential and drive positive change in the world.
In Conclusion
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