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PEDAR: Executive Summary  How Families of Low- and Middle Income Undergraduates Pay For College: Full-Time Dependent Students in 1999-2000
Paying for College
Financial Need
Financial Aid
Types and Amounts of Aid
Relative Importance of Grants and Loans
Sources of Aid
Remaining (Unmet) Need
After Financial Aid
Work
Help From Parents
Paying for College: A Summary
Research Methodology
References
Full Report (PDF)
Executive Summary (PDF)
 Financial Aid: Relative Importance of Grants and Loans

For aided low-income students, aid covered almost half (48 percent) of the student budget, on average, at public 2-year institutions. At both types of public 4-year institutions and at private not-for-profit nondoctoral institutions, aid covered 64 to 68 percent of the student budget, and at private not-for-profit doctoral and liberal arts institutions, it covered 75 percent. For aided middle-income students, aid covered 29 percent of the student budget, on average, at public 2-year institutions, 46 to 50 percent at public 4-year institutions, and 62 to 63 percent at private not-for-profit 4-year institutions.

At each type of institution, low-income students had more of their budget covered by financial aid than middle-income students, on average, and a greater proportion was covered by grants. For low-income students, 39 to 49 percent of their student budget was covered by grants, on average, depending on the type of institution they attended. For middle-income students, the percentage of their student budget covered by grants did not exceed 16 percent at public institutions, but in the private not-for-profit sector, it was higher: 32 percent at nondoctoral institutions and 37 percent at doctoral and liberal arts institutions. The percentage of the total student budget covered by loans was greater for middle-income students than for low-income students except at private not-for-profit doctoral and liberal arts institutions, where no difference was detected.


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