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
Help From Parents
Paying for College: A Summary
Research Methodology
Full Report (PDF)
Executive Summary (PDF)
 Financial Aid: Remaining (Unmet) Need

Remaining, or unmet, need represents the amount of the total budget not covered by either the EFC or financial aid. In 1999–2000, about one-half of all full-time dependent students had a calculated unmet need. Depending on the type of the institution attended, 74 to 92 percent of low-income students and 38 to 65 percent of middle-income students had unmet need. At each type of institution, low-income students were more likely than middle-income students to have unmet need. Among students with unmet need, the average amount ranged from $4,000 to $9,300 for low-income students, and from $2,100 to $10,700 for middle-income students. At public institutions, low-income students with unmet need averaged higher amounts than their middle-income counterparts. At private not-for-profit 4-year nondoctoral institutions, no difference was detected between the two groups, and at private not-for-profit doctoral and liberal arts institutions, the apparent difference was not statistically significant.

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