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March 24, 2019 Follow TrueSchools on Twitter
Financial Aid / U.S. Undergraduate Students Receiving Financial Aid

U.S. Undergraduate Students Receiving Financial Aid

Table includes percentages of students receiving financial aid and aid amounts 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 50.0% $4,800 55.0% $6,000 62.7% $7,000 65.6% $9,100
 
Type of institution
Public 2-year 32% $1,700 36.6% $2,200 45.7% $2,900 47.6% $3,400
Public 4-year 56.7% $5,100 62.6% $6,000 69.2% $7,400 71.3 $9,400
Private nonprofit 4-year 72.0% $9,100 77.0% $11,500 83.4% $12,800 84.7% $17,400
For-profit 82.1% $4,800 88.0% $6,800 90.6% $8,000 96.3% $10,800
More than one institution 75% $4,100 66.3% $6,200 62.8% $6,600 68.9% $9,000
 
Attendance status
Full-time, full-year 68.6% $6,900 72.2% $8,300 75.5% $9,700 79.5% $12,700
Full-time, part-year 57.0% $3,700 64.3% $4,700 67.6% $5,700 71.0% $7,500
Part-time, full-year 44.8% $3,300 47.4% $4,200 59.1% $4,900 61.2% $6,200
Part-time, part-year 26.9% $1,800 31.5% $2,100 40.8% $2,900 44.3% $3,800
 
Sex
Male 47.1% $5,000 52.2% $6,100 60.1% $7,300 61.4% $9,300
Female 52.3% $4,700 57.2% $6,000 64.7% $6,900 68.8% $9,000
 
Race/ethnicity
White 47.2% $4,900 52.9% $6,300 60.8% $7,200 63.5% $9,400
Black 64.7% $4,600 69.3% $5,600 75.6% $6,800 76.2% $9,000
Hispanic 54.6% $4,100 57.9% $5,100 63.0% $6,300 69.0% $7,900
Asian/Pacific Islander 43.3% $6,200 44.0% $6,900 50.8% $7,800 54.3% $9,400
American Indian 59.8% $4,500 57.8% $5,200 66.6% $5,900 70.8% $7,200
Other or Two or more races 57.6% $5,200 52.5% $6,300 63.5% $7,400 67.6% $10,100
 
Age
18 or younger 59.0% $6,000 63.3% $7,200 66.9% $8,600 70.9% $10,600
19–23 53.2% $5,600 58.2% $7,000 63.8% $8,100 66.1% $10,400
24–29 48.6% $4,200 54.6% $5,200 65.6% $6,100 66.3% $7,800
30–39 46.9% $3,300 50.2% $4,200 61.8% $5,200 66.4% $6,900
40 or older 36.7% $2,800 41.2% $3,200 52.2% $4,400 56.2% $5,800
 
Dependency/marital status
Dependent 51.6% $5,900 59.1% $7,300 64.0% $8,500 66.5% $10,800
Independent 48.5% $3,700 50.9% $4,500 61.5% $5,500 64.6% $7,100
Unmarried with no dependents 44.7% $4,400 48.9% $5,300 60.4% $6,300 62.5% $7,900
Married with no dependents 35.9% $3,100 35.5% $3,800 49.9% $4,500 56.4% $6,600
Unmarried with dependents 59.8% $3,500 59.6% $4,600 71.6% $5,600 72.2% $7,100
Married with dependents 51.5% $3,400 53.7% $3,900 58.8% $4,800 63.0% $6,400
                 
Dependent student family income                
Lowest 25 percent 68.4% $5,800 74.7% $6,900 78.8% $8,400 79.9% $10,200
Lower middle 25 percent 55.9% $6,100 60.0% $7,300 65.8% $8,200 66.6% $10,700
Upper middle 25 percent 46.3% $5,900 54.6% $7,800 59.3% $8,700 63.1% $11,100
Highest 25 percent 35.5% $6,000 46.9% $7,500 51.0% $9,000 55.8% $11,600
                 
Independent student family income                
Lowest 25 percent 69.6% $4,600 72.0% $5,800 70.3% $6,600 74.3% $8,400
Lower middle 25 percent 51.5% $3,800 57.5% $4,700 71.9% $5,800 70.0% $7,400
Upper middle 25 percent 40.6% $3,100 42.0% $3,700 60.0% $4,900 63.8% $6,600
Highest 25 percent 32.2% $2,400 33.1% $2,600 42.7% $3,800 50.0% $5,500
Source: U.S. Department of Education, National Center for Education Statistics

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