Financial Aid Statistics - All Title VI institutions

This is the latest data on Student Financial Aid in U.S. colleges.

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 2008-09

		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	3,096,036	1,007,609	725,248	29,075	487,079	12,105	11,307	258,498	274,855	290,260
	Number receiving
Any financial aid	2,432,887	792,028	474,742	16,537	424,892	10,425	9,473	221,487	234,264	249,039
Federal grants	1,291,795	285,851	301,476	11,616	130,461	6,835	8,157	161,954	183,368	202,077
Pell grants	1,249,125	273,995	291,881	10,678	121,630	6,626	7,816	160,783	176,772	198,944
Other federal grants	546,665	192,225	85,404	1,849	97,327	2,223	2,066	28,557	75,107	61,907
State/local grants	838,096	381,633	255,678	5,036	146,790	3,557	2,121	14,913	18,238	10,130
Institutional grants	935,249	374,537	77,900	1,472	376,914	4,274	644	60,710	24,524	14,274
Loans to students1	1,564,830	472,222	147,217	6,532	295,339	6,855	4,784	210,337	211,691	209,853
Federal loans	1,528,271	460,544	145,637	6,391	286,788	6,753	4,741	208,254	205,130	204,033
Other loans	191,045	57,562	3,495	148	53,290	284	55	16,967	28,206	31,038
	Percent receiving
Any financial aid	78.6	78.6	65.5	56.9	87.2	86.1	83.8	85.7	85.2	85.8
Federal grants	41.7	28.4	41.6	40.0	26.8	56.5	72.1	62.7	66.7	69.6
Pell grants	40.3	27.2	40.2	36.7	25.0	54.7	69.1	62.2	64.3	68.5
Other federal grants	17.7	19.1	11.8	6.4	20.0	18.4	18.3	11.0	27.3	21.3
State/local grants	27.1	37.9	35.3	17.3	30.1	29.4	18.8	5.8	6.6	3.5
Institutional grants	30.2	37.2	10.7	5.1	77.4	35.3	5.7	23.5	8.9	4.9
Loans to students1	50.5	46.9	20.3	22.5	60.6	56.6	42.3	81.4	77.0	72.3
Federal loans	49.4	45.7	20.1	22.0	58.9	55.8	41.9	80.6	74.6	70.3
Other loans	6.2	5.7	0.5	0.5	10.9	2.3	0.5	6.6	10.3	10.7
	Average amount2
Federal grants	$3,846	$4,157	$3,539	$3,150	$4,488	$3,537	$3,418	$3,745	$3,768	$3,668
Pell grants	3,499	3,541	3,432	2,970	3,421	3,367	3,120	3,632	3,575	3,461
Other federal grants	1,092	1,135	764	2,639	1,741	839	1,692	790	784	850
State/local grants	2,686	3,152	1,445	1,903	3,523	3,520	2,953	3,139	3,163	2,847
Institutional grants	7,099	4,186	1,620	1,077	12,780	3,952	2,597	1,296	858	609
Loans to students1	6,973	5,972	4,162	5,527	7,638	6,223	5,294	9,660	7,886	6,759
Federal loans	6,148	5,065	4,098	5,547	5,810	6,056	5,195	9,031	7,452	6,320
Other loans	7,938	8,465	4,529	4,428	11,063	6,205	12,615	8,909	4,986	4,153

¹Loans to students include only loans made directly to students; federal loans to parents (Parent Loan for Undergraduate Students [PLUS])

²Average 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 6,124 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 2010, Student Financial Aid component.