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Who Gets Financial Aid?

Who gets © financial aid? Recent trends in college student aid O Student aid is on the rise. Student aid growth Total Student Aid* adjusted for inflation (in Billions) $220 $180 $140 $100 $60 99-00 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 * Includes Federal Grants, Loans, Work Study, Tax Benefits, State, Institutional & Private Grants, and Nonfederal Loans Source: The College Board Undergraduate aid vs. graduate aid Full-time undergrad All undergrad students All graduate students students Who receives financial 66% receive aid 80% 74% aid? receive aid receive aid How much aid is given? (per recipient, annually) $17,600 $9,100 $12,700 Source: National Center for Education Statistics & The College Board The American Recovery & Reinvestment Act of 2009 added $17.1 Billion to the Pell Grant fund and $200 Million to the Work Study program. *** HI Source: 2 What aid is available? Undergraduate Student Aid by Source 2009-2010 Total aid given in 2009-10 $154 Billion 17% Institutional Grants $121.9B 8% Federal Grants 43% Federal Loans 18% 6% State Grants Pell Grants $32.6B E Tax- 4% 4%- Private and Employer Grants Credits Federal Work-Study 1% Source: The College Board Institutions Federal & State & Employers Government 3 Which schools get the most aid? Percentage of undergraduate students receiving Pell Grants 60% Public 45% Private, Non-profit 30% For-profit 15% 0% 4-year 2-year Less than 2 year Source: IPEDS Student Financial Aid Survey, 2008-09 4 Where to learn more: Learn Online Talk to an Advisor Apply for aid online at Request aid info at Note: Applying for aid is free. Beware of services charging money for help with your aid application. Note: If you are already enrolled, speak to your school's aid advisors. They can help you navigate the aid application process. This graphic created by

Who Gets Financial Aid?

shared by herrimanjoe on Aug 05
With the rising costs of tuition, financial aid is on college students’ minds more than ever before. Students are applying for grants and student loans in record numbers. The good news is that aid i...


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