|Figure 40-2: Average total price, grants, and net price for first-time, full-time students receiving aid at 4-year institutions, by income level: Academic year 2009-10|
NOTE: First-time, full-time students are those who are entering postsecondary education for the first time. This data refers to first-time, full-time students who paid the in-state or in-district tuition rate and were awarded Title IV aid by income. Students not receiving aid (18.7 percent) were excluded from this analysis. Title IV aid to students includes grant aid, work study aid, and loan aid. These grants include: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Academic Competitiveness Grant (ACG), National Science and Mathematics Access to Retain Talent Grant (National SMART Grant), Teacher Education Assistance for College and Higher Education (TEACH) Grant, and Federal Work-Study. For those Title IV recipients, net price is reported by income category and includes students who received federal aid even if none of that aid was provided in the form of grants. While Title IV status defines the cohort of student for which the data are reported, the definition of net price remains the same—total cost of attendance minus grant aid. Data are weighted by the number of students at the institution receiving Title IV aid. For more information on the Integrated Postsecondary Education Data System (IPEDS), see Appendix B – Guide to Sources.
SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Spring 2011, Student Financial Aid component.