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National Center for Education Statistics

1In addition to the public institutions using Governmental Accounting Standards Board (GASB) standards, 18 public institutions (0.9 percent of public institutions) not displayed in this table reported $1.1 billion in scholarship and fellowship expenses using Financial Accounting Standards Board (FASB) standards.

2Other federal scholarships and fellowships include all non-Federal Pell sources of federal grant aid. This may include Supplemental Education Opportunity Grants and Department of Veterans Affairs grants, among others.

3Restricted scholarships and fellowships are awarded from institutional resources that are limited to be used as grant aid.

4Unrestricted scholarships and fellowships are awarded from institutional resources that are not limited to be used as grant aid.

5Private for-profit institutions do not report restricted and unrestricted institutional grants separately.

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. United States includes the 50 states and the District of Columbia. The four U.S. service academies that are not Title IV eligible are included in the Integrated Postsecondary Education Data System (IPEDS) universe because they are federally funded and open to the public and are included in this table. Due to differences between GASB standards and FASB standards, figures from public institutions are not comparable to figures from private institutions, even in categories with identical labels. Percentages in the columns of this table use the corresponding dollar amount in the appropriate total row of each section as the denominator. Detail may not sum to totals because of rounding. Definitions for terms used in this table may be found in the collection year’s archived downloadable glossary located at

SOURCE: U.S. Department of Education, National Center for Education Statistics, IPEDS, Spring 2021, Finance component (final data).