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August 25, 2019 Follow TrueSchools on Twitter
Financial Aid / U.S. Undergraduate Students Receiving Financial Aid

U.S. Undergraduate Students Receiving Grant Aid

Table includes percentages of students receiving grant aid for years 1995-1996, 1999-2000, 2003-2004 and 2007-2008. Institutional and student characteristics included.

  1995-96 1999-2000 2003-04 2007-08
Characteristic Percent Avg amount Percent Avg amount Percent Avg amount Percent Avg amount
                 
Total 39.4% $2,700 44.5% $3,500 51.0% $4,000 51.7% $4,900
 
Type of institution
Public 2-year 27.4 $1,300 32.2 $1,600 39.5 $2,200 39.6 $2,200
Public 4-year 40.9 $2,600 46.6 $3,200 52.6 $4,000 52.9 $5,200
Private nonprofit 4-year 61.6 $5,600 67.4 $7,100 74.1 $7,700 73.6 $10,200
For-profit 57.6 $1,900 61.9 $2,600 69.1 $3,200 70.4 $3,200
More than one institution 54.1 $1,900 50.7 $3,500 46.8 $3,500 51.3 $4,400
 
Attendance status
Full-time, full-year 54.9 $4,000 59.0 $5,000 62.6 $5,600 64.4 $7,100
Full-time, part-year 43.2 $1,800 50.6 $2,400 50.9 $2,900 53.3 $3,400
Part-time, full-year 35.2 $1,700 38.3 $2,300 49.2 $2,700 48.7 $2,900
Part-time, part-year 21.3 $900 25.2 $1,100 32.6 $1,600 33.3 $1,700
 
Sex
Male 36.2 $2,800 40.4 $3,500 46.8 $4,100 46.7 $5,000
Female 41.8 $2,700 47.6 $3,500 54.1 $3,900 55.5 $4,800
 
Race/ethnicity
White 35.6 $2,700 41.5 $3,600 48.1 $4,000 48.2 $5,000
Black 54.4 $2,600 58.6 $3,100 64.9 $3,800 63.5 $4,400
Hispanic 48.0 $2,400 49.9 $3,000 53.8 $3,800 58.1 $4,300
Asian/Pacific Islander 35.9 $4,200 37.5 $4,500 41.3 $5,200 43.8 $6,200
American Indian 48.7 $3,000 50.7 $3,400 58.8 $3,600 60.4 $4,300
Other or Two or more races 48.5 $3,400 43.3 $4,100 51.9 $4,100 53.5 $5,700
 
Age
18 or younger 48.9 $3,900 55.0 $4,700 58.4 $5,300 60.2 $6,600
19–23 40.8 $3,300 45.9 $4,300 50.7 $4,800 51.0 $6,000
24–29 38.5 $1,900 43.8 $2,400 52.9 $3,000 52.0 $3,200
30–39 38.2 $1,700 41.6 $2,100 51.4 $2,600 53.0 $2,900
40 or older 28.7 $1,600 33.9 $1,700 43.2 $2,400 45.0 $2,700
 
Dependency/marital status
Dependent 39.3 $3,700 46.6 $4,600 51.0 $5,200 51.4 $6,400
Independent 39.4 $1,800 42.4 $2,300 51.1 $2,800 52.0 $3,100
Unmarried with no dependents 32.6 $1,900 38.0 $2,400 46.8 $3,000 47.1 $3,400
Married with no dependents 25.6 $1,600 25.6 $1,900 36.3 $2,400 38.7 $3,000
Unmarried with dependents 55.7 $1,900 54.8 $2,600 66.7 $3,100 66.3 $3,200
Married with dependents 42.6 $1,700 45.0 $2,000 48.3 $2,500 49.1 $2,800
                 
Dependent student family income                
Lowest 25 percent 64.1 $3,700 71.4 $4,400 75.1 $5,500 74.7 $6,500
Lower middle 25 percent 43.6 $3,600 48.0 $4,500 52.9 $4,700 51.9 $6,000
Upper middle 25 percent 28.5 $3,600 36.1 $5,000 40.3 $5,000 41.6 $6,400
Highest 25 percent 20.6 $3,600 30.6 $4,900 34.1 $5,300 36.8 $6,800
                 
Independent student family income                
Lowest 25 percent 63.7 $2,300 67.6 $3,000 66.0 $3,600 67.9 $3,900
Lower middle 25 percent 39.7 $1,800 46.8 $2,300 60.2 $2,800 57.5 $3,100
Upper middle 25 percent 31.7 $1,400 31.4 $1,600 46.8 $2,300 49.2 $2,500
Highest 25 percent 22.5 $1,300 24.8 $1,400 29.9 $2,000 32.8 $2,400
Source: U.S. Department of Education, National Center for Education Statistics

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