Postsecondary Education

Finance and Resources

Table A-A-45-1. Percentage of full-time, first-time degree/certificate-seeking undergraduates participating infinancial aid programs, by type of degree-granting institution, type of aid, and control of degree-granting institution: Academic years 2000–01 through 2006–07

	Percent receiving financial aid,¹ by type of degree-granting institution					Percent receiving financial aid, by type of aid
Control of degree-granting institution and year	Total		4-year		2-year	Federal grants	State/ local grants	Institutional grants	Student loans²
All institutions
2000–01	70.3		74.5		62.2	31.6	31.2	31.1	40.1
2001–02	72.3		76.4		64.6	33.3	32.5	31.5	40.7
2002–03	72.7		77.2		64.6	34.1	30.9	31.5	41.4
2003–04	73.9		78.3		66.0	34.6	31.2	31.9	43.1
2004–05	74.8		78.8		67.1	35.2	31.3	31.7	44.0
2005–06	75.0		79.0		67.2	33.7	30.8	32.7	44.6
2006–07	72.8		75.5		67.1	32.1	30.0	32.2	43.5

Public
2000–01	65.4		71.3		56.5	30.0	33.5	22.7	30.7
2001–02	67.1		72.9		58.6	31.2	34.8	23.3	30.9
2002–03	67.2		73.1		58.7	31.9	32.9	23.0	30.8
2003–04	69.2		75.2		60.4	32.7	33.7	23.3	33.6
2004–05	69.8		75.5		61.5	33.0	34.9	23.5	33.7
2005–06	70.6		76.6		61.5	31.1	34.8	25.1	34.2
2006–07	69.9		75.5		61.4	30.9	34.9	25.2	34.2

Private not-for-profit
2000–01	82.6		82.9		77.5	28.4	31.8	68.1	57.7
2001–02	82.9		82.7		87.9	28.8	32.6	68.0	57.2
2002–03	84.1		84.1		82.4	29.2	32.0	70.5	59.0
2003–04	84.9		84.9		85.2	29.2	31.6	71.9	60.4
2004–05	85.0		85.1		84.6	27.9	31.5	72.9	59.6
2005–06	85.3		85.4		82.8	26.5	31.3	73.8	59.8
2006–07	85.3		85.3		82.5	26.2	30.5	73.9	59.3

Private for-profit
2000–01	76.2		63.8		84.3	49.3	15.2	6.2	63.5
2001–02	84.0		78.1		87.2	56.7	16.8	6.6	70.1
2002–03	84.5		81.8		86.0	56.9	16.2	6.6	72.2
2003–04	82.2		74.8		86.3	57.0	15.3	7.4	68.4
2004–05	83.6		79.8		86.5	58.6	12.1	7.5	71.3
2005–06	80.2		73.7		86.3	55.6	11.4	8.8	70.4
2006–07	68.8	³	55.4	³	89.3	44.8	9.3	8.4	61.7
¹ Includes federal, state/local, and institutional grants, and loans.
² Includes all Title IV subsidized and unsubsidized loans made directly to students, as well as institutionally- and privately-sponsored student loans. Does not include Parent Loans for Undergraduate Students (PLUS) and other loans made directly to parents.
³ For 2006–07, most of the drop in financial aid for for-profit 4-year institutions was caused by the University of Phoenix, Online campus, which grew from 25,504 in 2005–06 to 114,432 in 2006–07. Their number of students receiving financial aid was relatively low (12,540 in 2005–06 and 44,089 in 2006–07).
NOTE: Degree-granting institutions grant associate’s or higher degrees and participate in Title IV federal financial aid programs. For more information about the Integrated Postsecondary Education Data System (IPEDS), see supplemental note 3.
SOURCE: U.S. Department of Education, National Center for Education Statistics, 2000–01 through 2006–07 Integrated Postsecondary Education Data System (IPEDS), Spring 2002 through Spring 2008.

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