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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 U.S. Department of Education that allows the institution to participate in any of the Title IV federal student financial assistance programs. The four U.S. service academies that

SOURCE: U.S. Department of Education, National Center for Education Statistics, IPEDS, Winter 2015–16, Student Financial Aid component (final data).