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Financial aid

Question:
Do you have any statistics on financial aid for postsecondary undergraduates?

Response:
NCES sponsors the National Postsecondary Student Aid Study (NPSAS), a comprehensive survey that examines how students and their families pay for postsecondary education. The study includes nationally representative samples of undergraduate, graduate, and first-professional students; students attending less-than-2-year, 2-year, 4-year, and doctorate-granting institutions; and students who receive financial aid and those who do not receive aid.

Highlights from two recent NCES publications featuring NPSAS data, National Postsecondary Student Aid Study: Student Financial Aid Estimates for 1999-2000 and Student Financing of Undergraduate Education: 1999-2000, include the following:

  • Among the 16.5 million undergraduates (including full-time and part-time students) enrolled during 1999–2000, 55 percent (about 9.2 million) received some type of financial aid, averaging $6,206.


  • Among aided undergraduates, 40 percent received grants only; 13 percent received loans only; 26 percent received grants and loans; 8 percent received grants, loans, and work-study; and the remaining 13 percent received other combinations of aid.


  • Overall, about two out of five undergraduates (39 percent) received some type of federal aid, averaging about $5,230.


  • Percentages of undergraduates receiving federal aid varied depending on family income and type of institution. Among dependent students, percentages receiving federal aid ranged from 70 percent of undergraduates from families with incomes of less than $20,000 to about 25 percent of undergraduates from families with incomes of $100,000 or more. Among independent students, 66 percent of those with incomes less than $10,000 received some federal financial aid.


  • Forty-seven percent of undergraduates at private not-for-profit 4-year institutions received some institutional aid, averaging about $6,760.


  • Among undergraduates enrolled full time for the full year at one institution, about 30 percent received a federal Pell grant, averaging $2,314.


  • Nearly one of every four undergraduates (23 percent) received a federally subsidized Stafford loan, averaging about $3,214.


  • Among full-time, full-year undergraduates, about 40 percent of those at public 2-year institutions, 56 percent of those at public 4-year institutions, and 67 percent of those at private not-for-profit 4-year institutions received some Title IV financial aid.

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2001). National Postsecondary Student Aid Study: Student Financial Aid Estimates for 1999-2000 (NCES 2001-209); U.S. Department of Education, National Center for Education Statistics. (2002). Student Financing of Undergraduate Education: 1999-2000 (NCES 2002-167).


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National Center for Education Statistics
Institute of Education Sciences, U.S. Dept. of Education
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