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Patterns in financial aid differ considerably among the types of institutions (figure 5), yet some tendencies emerge within each broad institutional sector. At public 4-year institutions, more than two-thirds of first-time, full-time, degree/certificate-seeking undergraduates received aid from any source, on average. The average percentages receiving aid and the average amounts received varied depending on the type of aid and the type of institution, but the highest figures were for student loan aid at all types of public 4-year institutions. Public 2-year institutions presented a distinctly different situation. At these institutions, on average, 56.8 percent of first-time, full-time, degree/certificate-seeking undergraduates received aid from any source; the highest percentage and the highest average amount were for federal grant aid; and relatively low percentages of students received student loans or institutional aid.At private not-for-profit 4-year institutions, about three-quarters of first-time, full-time, degree/certificate-seeking undergraduates received aid from any source, on average. The highest average percentages of students received institutional aid. Student loan aid was the second highest in terms of the average percentage of students receiving aid. |
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