Number and percentage of full-time, first-time degree/certificate-seeking undergraduates and financial aid recipients and average amounts of financial aid received by full-time, first-time degree/certificate-seeking undergraduates at Title IV institutions, by sector of institution and type of aid: United States, academic year 2007-08 | ||||||||||
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Public | Private not-for-profit | Private for-profit | ||||||||
Type of aid | Total students | 4-year | 2-year | Less-than- 2-year | 4-year | 2-year | Less-than- 2-year | 4-year | 2-year | Less-than- 2-year |
Full-time, first-time undergraduates | 2,910,614 | 972,855 | 702,478 | 28,677 | 483,959 | 12,413 | 9,068 | 209,978 | 230,238 | 260,948 |
Number receiving | ||||||||||
Any financial aid | 2,225,061 | 753,643 | 439,437 | 15,890 | 416,413 | 10,494 | 7,117 | 159,991 | 200,165 | 221,911 |
Federal grants | 1,137,996 | 273,956 | 276,050 | 10,684 | 129,408 | 6,512 | 5,860 | 108,443 | 147,704 | 179,379 |
Pell grants | 1,091,817 | 262,615 | 263,694 | 10,173 | 121,158 | 6,320 | 5,546 | 105,523 | 140,416 | 176,372 |
Other federal grants | 491,709 | 177,151 | 75,911 | 1,001 | 93,008 | 2,225 | 1,967 | 22,969 | 56,227 | 61,250 |
State/local grants | 803,025 | 365,250 | 234,364 | 4,999 | 145,101 | 3,705 | 1,671 | 15,098 | 23,969 | 8,868 |
Institutional grants | 878,666 | 353,572 | 74,517 | 1,405 | 363,737 | 4,370 | 779 | 43,022 | 18,202 | 19,062 |
Loans to students1 | 1,390,524 | 441,961 | 131,562 | 6,102 | 291,901 | 6,655 | 3,345 | 144,519 | 179,442 | 185,037 |
Federal loans | 1,345,062 | 430,024 | 128,068 | 5,912 | 282,355 | 6,527 | 3,298 | 142,305 | 168,764 | 177,809 |
Other loans | 217,241 | 62,582 | 7,393 | 254 | 60,522 | 439 | 109 | 20,648 | 29,715 | 35,579 |
Percent receiving | ||||||||||
Any financial aid | 76.4 | 77.5 | 62.6 | 55.4 | 86.0 | 84.5 | 78.5 | 76.2 | 86.9 | 85.0 |
Federal grants | 39.1 | 28.2 | 39.3 | 37.3 | 26.7 | 52.5 | 64.6 | 51.6 | 64.2 | 68.7 |
Pell grants | 37.5 | 27.0 | 37.5 | 35.5 | 25.0 | 50.9 | 61.2 | 50.3 | 61.0 | 67.6 |
Other federal grants | 16.9 | 18.2 | 10.8 | 3.5 | 19.2 | 17.9 | 21.7 | 10.9 | 24.4 | 23.5 |
State/local grants | 27.6 | 37.5 | 33.4 | 17.4 | 30.0 | 29.8 | 18.4 | 7.2 | 10.4 | 3.4 |
Institutional grants | 30.2 | 36.3 | 10.6 | 4.9 | 75.2 | 35.2 | 8.6 | 20.5 | 7.9 | 7.3 |
Loans to students1 | 47.8 | 45.4 | 18.7 | 21.3 | 60.3 | 53.6 | 36.9 | 68.8 | 77.9 | 70.9 |
Federal loans | 46.2 | 44.2 | 18.2 | 20.6 | 58.3 | 52.6 | 36.4 | 67.8 | 73.3 | 68.1 |
Other loans | 7.5 | 6.4 | 1.1 | 0.9 | 12.5 | 3.5 | 1.2 | 9.8 | 12.9 | 13.6 |
Average amount2 | ||||||||||
Federal grants | $3,299 | $3,675 | $3,017 | $2,891 | $3,960 | $3,145 | $3,224 | $3,030 | $3,137 | $3,008 |
Pell grants | 2,990 | 3,085 | 2,947 | 2,778 | 2,947 | 2,898 | 2,931 | 2,939 | 3,045 | 2,943 |
Other federal grants | 996 | 1,110 | 732 | 2,625 | 1,671 | 974 | 1,339 | 805 | 634 | 335 |
State/local grants | 2,566 | 2,963 | 1,348 | 2,276 | 3,391 | 3,203 | 3,243 | 2,922 | 2,988 | 2,877 |
Institutional grants | 6,604 | 3,956 | 1,442 | 980 | 11,539 | 4,122 | 2,404 | 1,235 | 894 | 457 |
Loans to students1 | 6,051 | 5,190 | 3,502 | 5,183 | 6,435 | 5,367 | 5,275 | 8,799 | 7,216 | 6,104 |
Federal loans | 5,006 | 4,130 | 3,355 | 5,149 | 4,567 | 5,059 | 5,091 | 7,529 | 6,482 | 5,579 |
Other loans | 7,739 | 8,273 | 4,197 | 4,680 | 9,732 | 6,144 | 7,839 | 9,701 | 6,762 | 3,863 |
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 recipients of grants (or loans).
NOTE: The numbers shown reflect the 6,034 institutions that reported the number of recipients by types of financial aid and the average amounts received.
SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Spring 2009, Student Financial Aid component.