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National Center for Education Statistics

1 Loans to students include only loans made directly to students. Federal loans to parents (Parent Loan for Undergraduate Students [PLUS]) and other loans made directly to parents are not included.

2 Average grants (or loans) were calculated by dividing the total amount of grants (or loans) awarded by the total number of students awarded grants (or loans).

NOTE: Title IV institutions are those with a written agreement with the Secretary of Education that allows the institution to participate in any of the Title IV federal student financial assistance programs. Although they are not Title IV eligible, four of the U.S. service academies are included in the Integrated Postsecondary Education Data System (IPEDS) universe because they are federally funded and open to the public. Detail may not sum to total because students with more than one source of financial aid were counted for each type of aid they were awarded but were included only once in the total count. Definitions for terms used in this table may be found in the IPEDS online glossary located at

SOURCE: U.S. Department of Education, National Center for Education Statistics, IPEDS, Winter 2012-13, Student Financial Aid component (final data).