Author: David Radwin, Johnathan G. Conzelmann, Annaliza Nunnery, T. Austin Lacy, Joanna Wu, Stephen Lew, Jennifer Wine, Peter Siegel
Date: January 2018
The First Look report recently released by The National Center for Education Statistics (NCES) illustrates some key findings based on data from the 2015-16 National Postsecondary Student Aid Study (NAPSAS:16). The data sample includes around 89,000 undergraduate and 24,000 graduate students enrolled in 1,800 Title IV postsecondary institutions across 50 states, the District of Columbia, and Puerto Rico.
The three main types of student financial aid are grants, loans, and work-study. The data show that 72% of all undergraduate students received some kind of financial aid, with an average amount of $12,300. Sixty-three percent received grants, with an average amount of $7,400; 38% took out student loans, with an average amount of $7,600; and 5% participated in work-study programs, with an average amount of $2,400.
To read the full report, please click here.