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NPSAS: Executive Summary Student Financing of Undergraduate Education: 1999-2000
Introduction
Tuition and the Total Price of Attendance
Financial Aid, Price of Attendance, and Income
Financial Aid by Type of Institution Attended
The Sources of Financial Aid
Student Loans
Student Borrowing at Different Types of Institutions
Summary
Research Methodology
References
Full Report (PDF)
Executive Summary (PDF)
Financial Aid by Type of Institution Attended


The percentage of undergraduates receiving financial aid, the types of aid received, and the average amounts varied by the type of institution attended. At public 2-year institutions, 38 percent of all undergraduates received financial aid in 1999–2000, with an average award of $2,300. One-third (33 percent) of the public 2-year students received a grant (averaging $1,600), and 7 percent took out a student loan (averaging $3,300). These percentages and average amounts were lower than those in any other sectors, reflecting the lower tuition and the high percentage of part-time and part-year students (81 percent) at public 2-year institutions.

At public 4-year institutions, 62 percent of all undergraduates received financial aid, with an average award of $6,200. The percentage awarded grants was higher than the percentage taking out student loans (46 vs. 40 percent), but the average grant amount was lower than the average loan amount ($3,200 vs. $4,800).

At private not-for-profit 4-year institutions, 76 percent of all undergraduates received financial aid, and the average amount was $11,600. About two-thirds of undergraduates (66 percent) had grants, and one-half took out student loans. The average grant amount was higher than the average loan amount ($7,000 vs. $6,200).

At private for-profit institutions, 85 percent of undergraduates received financial aid, including 67 percent with loans and 60 percent with grants. Students enrolled at private for-profit institutions were more likely to be low income than those at the other types of institutions.


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National Center for Education Statistics - http://nces.ed.gov
U.S. Department of Education