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

U.S. Undergraduate Students Receiving Student Loans

Table includes percentages of students receiving student loan 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 25.9 $3,800 28.4 $4,700 33.8 $5,300 38.5 $7,100
 
Type of institution
Public 2-year 4.7 2,300 5.4 3,200 9.3 3,300 13.2 4,100
Public 4-year 37.8 3,800 40.4 4,400 45.6 5,100 46.2 6,600
Private nonprofit 4-year 48.5 4,300 51.8 5,700 56.2 6,400 58.9 9,100
For-profit 61.3 3,800 75.2 4,900 77.3 5,500 91.6 8,100
More than one institution 47.4 3,300 39.1 4,500 36.6 5,000 44.7 6,800
 
Attendance status
Full-time, full-year 44.1 $4,100 44.6 $5,000 47.8 $5,700 52.9 $8,000
Full-time, part-year 30.2 $3,300 36.9 $3,900 41.9 $4,500 46 $6,300
Part-time, full-year 18 $3,700 18.7 $4,800 24.9 $5,200 30 $6,700
Part-time, part-year 6.8 $2,900 8.4 $3,700 13 $3,900 18.9 $4,800
 
Sex
Male 24.9 $3,900 27 $4,700 32.3 $5,400 34.8 $7,200
Female 26.7 $3,700 29.5 $4,700 34.9 $5,200 41.3 $7,000
 
Race/ethnicity
White 25.8 $3,900 28.6 $4,800 33.9 $5,300 38.2 $7,200
Black 32.2 $3,600 35.4 $4,600 41.8 $5,100 49.5 $7,000
Hispanic 22.4 $3,600 24.8 $4,400 29.4 $5,000 34.3 $6,900
Asian/Pacific Islander 21.6 $3,800 21.6 $4,700 23.9 $5,400 26.2 $6,900
American Indian 23.6 $3,700 23.6 $4,200 30 $5,200 35.5 $5,800
Other or Two or more races 24.4 $3,900 23.9 $4,900 34.5 $5,500 40.7 $7,200
 
Age
18 or younger 33.6 $3,000 32.9 $3,700 36.3 $4,300 38.9 $6,100
19–23 31.9 $3,700 34.4 $4,600 37.7 $5,200 40.2 $7,200
24–29 24.8 $4,300 28.5 $5,300 36.8 $5,800 41.6 $7,400
30–39 16.8 $4,400 19.3 $5,300 28.3 $5,700 37.6 $7,300
40 or older 10 $4,000 10.7 $5,500 18.3 $5,600 25.8 $7,100
 
Dependency/marital status
Dependent 31.7 $3,500 35.3 $4,400 38.2 $5,000 40.2 $7,000
Independent 20.2 $4,200 21.6 $5,200 29.4 $5,600 36.6 $7,200
Unmarried with no dependents 23.8 $4,500 26 $5,600 34 $6,100 38.4 $7,600
Married with no dependents 12.2 $4,500 12.8 $5,600 20 $5,900 27.9 $7,700
Unmarried with dependents 22.1 $3,800 24.6 $4,600 34.3 $5,100 42 $6,700
Married with dependents 19 $4,100 18.9 $5,200 24.2 $5,500 32.5 $7,200
                 
Dependent student family income                
Lowest 25 percent 36.1 $3,300 38 $4,200 39.6 $4,700 42.1 $6,200
Lower middle 25 percent 37.8 $3,600 38 $4,300 42.1 $4,900 43.1 $7,000
Upper middle 25 percent 31.9 $3,500 38 $4,400 40.1 $5,100 42.1 $7,300
Highest 25 percent 21 $3,600 26.8 $4,700 30.4 $5,400 33.1 $7,800
                 
Independent student family income                
Lowest 25 percent 33.6 $4,200 37.7 $5,100 36.2 $5,400 45.3 $6,900
Lower middle 25 percent 24.2 $4,200 26.7 $5,100 38.2 $5,600 43.4 $7,100
Upper middle 25 percent 14.8 $4,200 15.6 $5,500 28.4 $5,700 36.1 $7,300
Highest 25 percent 8.1 $4,400 7.3 $5,800 13.9 $6,100 21.1 $8,000
Source: U.S. Department of Education, National Center for Education Statistics

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