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Table 2. Number of full-time, first-time degree/certificate-seeking undergraduate students enrolled, number and percentage awarded financial aid, and average amount of financial aid awarded at Title IV institutions, by control and level of institution and type of aid awarded: United States, academic year 2022–23
Type of aid awarded Public Private
Nonprofit For-profit
All institutions 4-year 2-year Less-than-
2-year 		4-year 2-year Less-than-
2-year 		4-year 2-year Less-than-
2-year
 All students 2,525,970 1,239,323 462,624 19,162 498,050 18,551 4,726 49,892 102,484 131,158
  Number awarded financial aid
Any financial aid 2,151,237 1,057,247 375,685 13,159 446,893 15,590 3,887 44,489 88,148 106,139
 Grant or loan aid 2,111,803 1,033,729 367,894 12,837 441,060 15,549 3,840 44,158 87,523 105,213
  Federal grants 1,101,592 470,030 264,653 9,041 151,824 13,444 3,271 31,457 70,102 87,770
   Federal Pell grants 1,028,292 439,812 229,467 7,702 147,624 13,188 2,684 31,140 69,599 87,076
   Other federal grants 449,268 180,156 140,084 2,437 77,919 1,555 1,890 9,745 20,060 15,422
  State/local grants and scholarships 834,778 473,044 221,469 5,205 118,775 1,468 1,106 3,957 4,961 4,793
  Institutional grants and scholarships 1,313,760 738,274 97,478 2,901 418,636 3,889 654 19,706 18,728 13,494
  Loans to students1 988,314 455,450 63,336 2,512 256,696 11,914 1,684 34,185 74,016 88,521
   Federal loans 963,640 441,920 62,223 2,449 249,500 11,847 1,676 33,814 72,869 87,342
   Other loans 155,483 72,838 2,804 106 50,539 419 31 2,921 11,852 13,973
  
   Percent awarded financial aid
     
Any financial aid 85.2 85.3 81.2 68.7 89.7 84.0 82.2 89.2 86.0 80.9
 Grant or loan aid 83.6 83.4 79.5 67.0 88.6 83.8 81.3 88.5 85.4 80.2
  Federal grants 43.6 37.9 57.2 47.2 30.5 72.5 69.2 63.1 68.4 66.9
   Federal Pell grants 40.7 35.5 49.6 40.2 29.6 71.1 56.8 62.4 67.9 66.4
   Other federal grants 17.8 14.5 30.3 12.7 15.6 8.4 40.0 19.5 19.6 11.8
  State/local grants and scholarships 33.0 38.2 47.9 27.2 23.8 7.9 23.4 7.9 4.8 3.7
  Institutional grants and scholarships 52.0 59.6 21.1 15.1 84.1 21.0 13.8 39.5 18.3 10.3
  Loans to students1 39.1 36.7 13.7 13.1 51.5 64.2 35.6 68.5 72.2 67.5
   Federal loans 38.1 35.7 13.5 12.8 50.1 63.9 35.5 67.8 71.1 66.6
   Other loans 6.2 5.9 0.6 0.6 10.1 2.3 0.7 5.9 11.6 10.7
     
      Average amount of financial aid2
     
Federal grants $5,468 $5,561 $5,206 $4,386 $6,067 $5,776 $6,066 $5,513 $5,153 $4,996
 Federal Pell grants 5,373 5,486 5,424 4,691 5,372 5,819 4,835 5,339 5,047 4,949
 Other federal grants 1,109 1,116 950 1,446 1,644 579 3,633 736 497 491
State/local grants and scholarships 4,388 5,029 2,733 2,416 5,118 4,904 3,429 3,613 3,543 3,291
Institutional grants and scholarships 12,363 6,654 2,345 1,668 26,007 7,318 2,699 6,205 1,830 1,601
Loans to students1 7,709 7,642 5,036 6,389 8,700 4,275 6,998 8,022 7,926 7,301
 Federal loans 5,558 5,230 4,698 6,232 5,386 3,959 6,773 6,915 7,087 6,693
 Other loans 14,555 16,057 9,488 7,440 17,598 9,623 14,000 13,837 5,920 4,414

1Loans 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.

2Average 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. United States includes the 50 states and the District of Columbia. The U.S. Naval Academy, the U.S. Military Academy, the U.S. Coast Guard Academy, and the U.S. Air Force Academy are not Title IV eligible but are included in the Integrated Postsecondary Education Data System (IPEDS) universe because they are federally funded and open to the public; they are not included in this table. The U.S. Merchant Marine Academy is Title IV eligible and is included in this table. Percentages in the rows of this table use the corresponding count in the “All students” row as the denominator. 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 collection year’s archived downloadable glossary located at https://nces.ed.gov/ipeds/use-the-data/annual-survey-forms-packages-archived?year=2023.

SOURCE: U.S. Department of Education, National Center for Education Statistics, IPEDS, Fall 2023, Institutional Characteristics component (final data) and Winter 2023–24, Student Financial Aid component (final data).