Home

Mobile Digest of Education Statistics, 2017

Degree-Granting Institutions

Financial Aid for Students

About 86 percent of all full-time undergraduates who attended postsecondary institutions for the full academic year (full-year) received some form of financial aid in 2015–16. A higher percentage of students at private institutions received aid than did students at public institutions. About 92 percent of full-time undergraduates at private nonprofit institutions and 93 percent at private for-profit institutions received aid, compared with 84 percent at public institutions. For all full-time, full-year undergraduates, the average student aid package from all sources (including grants, loans, work-study, and other) totaled $18,210 in 2015–16 (see Digest of Education Statistics, 2017, table 331.40).

In 2015–16, some 83 percent of all full-time, full-year graduate students received at least one form of financial aid. About 49 percent of graduate students received grants and 55 percent of students received loans. For all full-time, full-year graduate students, the average student aid package from all sources (including grants, loans, work-study, and other) totaled $33,460 in 2015–16 (see Digest of Education Statistics, 2017, table 332.30).

Table 41. Percentage of full-time, full-year undergraduate and graduate students receiving financial aid, by type of aid, level of student, and level and control of institution: 2015–16

Level of student and level and control of institution Aid from any source Grants Loans
All undergraduate students86.4 76.754.7
Public84.072.548.5
4-year doctoral-granting86.773.759.7
Other 4-year institutions85.371.853.2
2-year institutions77.870.323.4
Less than 2-year institutions82.072.225.1
Private, nonprofit91.787.165.9
4-year doctoral-granting91.087.162.9
Other 4-year institutions92.987.669.8
Less than 4-year institutions86.978.472.9
Private, for-profit institutions92.982.978.1
All graduate students83.0 49.154.9
Master’s degree students80.144.953.4
Public institutions78.343.849.2
Private, nonprofit institutions81.045.854.8
Private, for-profit institutions85.245.668.0
Doctor’s degree, research90.166.626.5
Public institutions89.165.719.7
Private, nonprofit institutions92.075.220.2
Doctor’s degree, professional students86.049.374.5
Public institutions84.150.373.7
Private, nonprofit institutions86.949.773.9
Private, for-profit institutions92.335.588.2

Source Info

Previous Next