Table 46-1. Percentage of full-time, full-year undergraduates who received loans and grants, average annual amounts received by recipients, and average percentage of aid received as loans, by source of aid, dependency status, income, and type of institution: 1992–93, 1999–2000, and 2003–04
|
[In constant 2003-04 dollars] |
|
Total
|
|
Federal
|
|
Loans
|
|
Grants
|
|
|
Loans
|
|
Grants
|
|
Dependency status, income, and type of institution |
Percent |
Average dollars |
|
Percent |
Average dollars |
Loans as percent of total aid |
|
Percent |
Average dollars |
|
Percent |
Average dollars |
Loans as percent of federal aid |
|
1992–93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
32.4 |
$4,600 |
|
49.3 |
$4,600 |
33.7 |
|
31.5 |
$4,400 |
|
29.7 |
$2,600 |
53.7 |
Dependency status and income |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dependent undergraduates |
28.3 |
4,100 |
|
43.2 |
5,000 |
32.2 |
|
27.2 |
3,900 |
|
20.6 |
2,500 |
59.2 |
Low-income |
48.8 |
3,900 |
|
79.2 |
5,200 |
27.5 |
|
48.4 |
3,800 |
|
68.3 |
2,800 |
38.1 |
Middle-income |
32.0 |
4,200 |
|
42.9 |
5,000 |
37.3 |
|
30.9 |
4,000 |
|
15.1 |
1,700 |
72.1 |
High-income |
15.1 |
4,600 |
|
25.4 |
4,800 |
31.4 |
|
13.3 |
4,100 |
|
1.0 |
1,900 |
88.0 |
Independent undergraduates |
43.1 |
5,200 |
|
64.9 |
3,800 |
36.5 |
|
42.5 |
5,200 |
|
53.1 |
2,800 |
45.9 |
Type of institution |
|
|
|
|
|
|
|
|
|
|
|
|
|
Public 2-year |
11.8 |
3,100 |
|
42.5 |
2,500 |
16.1 |
|
11.4 |
3,100 |
|
30.3 |
2,300 |
23.1 |
Public 4-year |
31.7 |
4,200 |
|
44.1 |
3,400 |
38.3 |
|
30.8 |
4,100 |
|
27.2 |
2,600 |
57.1 |
Private not-for-profit 4-year |
45.8 |
5,100 |
|
63.2 |
7,900 |
30.7 |
|
44.0 |
4,800 |
|
27.0 |
3,000 |
65.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1999–2000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
45.1 |
$6,000 |
|
58.8 |
$5,500 |
40.6 |
|
43.9 |
$5,300 |
|
30.5 |
$2,800 |
64.0 |
Dependency status and income |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dependent undergraduates |
43.8 |
5,400 |
|
56.2 |
6,000 |
39.6 |
|
42.6 |
4,600 |
|
23.1 |
2,700 |
68.4 |
Low-income |
47.8 |
5,300 |
|
83.2 |
6,100 |
26.1 |
|
46.9 |
4,700 |
|
72.4 |
3,000 |
36.6 |
Middle-income |
47.9 |
5,400 |
|
53.7 |
6,000 |
45.1 |
|
46.6 |
4,600 |
|
13.1 |
1,800 |
81.2 |
High-income |
33.4 |
5,700 |
|
38.7 |
5,800 |
44.4 |
|
31.9 |
4,700 |
|
0.7 |
1,800 |
94.6 |
Independent undergraduates |
48.5 |
7,500 |
|
65.9 |
4,200 |
43.1 |
|
47.6 |
7,000 |
|
51.1 |
2,900 |
54.5 |
Type of institution |
|
|
|
|
|
|
|
|
|
|
|
|
|
Public 2-year |
17.1 |
4,300 |
|
49.7 |
2,900 |
21.0 |
|
16.3 |
3,700 |
|
32.4 |
2,700 |
30.5 |
Public 4-year |
48.4 |
5,500 |
|
54.5 |
4,200 |
48.3 |
|
47.4 |
5,200 |
|
28.9 |
2,700 |
70.2 |
Private not-for-profit 4-year |
59.9 |
6,900 |
|
75.0 |
9,200 |
35.9 |
|
58.2 |
5,600 |
|
27.5 |
3,000 |
71.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2003–04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
49.5 |
$6,200 |
|
63.1 |
$5,700 |
41.2 |
|
47.9 |
$5,300 |
|
33.6 |
$3,300 |
62.8 |
Dependency status and income |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dependent undergraduates |
46.8 |
5,600 |
|
60.3 |
6,100 |
39.1 |
|
45.0 |
4,400 |
|
25.2 |
3,100 |
66.3 |
Low-income |
49.0 |
5,400 |
|
85.5 |
7,000 |
24.2 |
|
47.5 |
4,700 |
|
72.4 |
3,700 |
33.8 |
Middle-income |
49.5 |
5,700 |
|
58.0 |
5,600 |
44.1 |
|
47.7 |
4,400 |
|
16.7 |
2,000 |
77.2 |
High-income |
39.8 |
5,800 |
|
43.5 |
5,900 |
46.1 |
|
37.9 |
4,200 |
|
1.1 |
1,800 |
92.4 |
Independent undergraduates |
56.5 |
7,500 |
|
70.2 |
4,600 |
46.0 |
|
55.4 |
7,000 |
|
55.3 |
3,400 |
56.0 |
Type of institution |
|
|
|
|
|
|
|
|
|
|
|
|
|
Public 2-year |
22.8 |
4,100 |
|
52.7 |
3,400 |
24.7 |
|
21.6 |
3,800 |
|
35.4 |
3,200 |
34.1 |
Public 4-year |
51.4 |
5,800 |
|
59.1 |
4,600 |
46.9 |
|
49.7 |
5,200 |
|
30.2 |
3,200 |
68.7 |
Private not-for-profit 4-year |
65.8 |
7,200 |
|
81.5 |
9,400 |
35.8 |
|
64.1 |
5,400 |
|
31.6 |
3,400 |
70.3 |
|
NOTE:Total loans include federal, state, institutional, and private loans. Total grants include federal, state, institutional, and private grants, including employer reimbursements. Federal loans include Perkins, subsidized and unsubsidized Stafford, and Supplemental Loans to Students (SLS). Federal grants are primarily Pell Grants and Supplemental Educational Opportunity Grants (SEOG) but also include Byrd scholarships. Parent Loans for Undergraduate Students (PLUS) loans to parents, veterans’ benefits, and tax credits are not included in this table. Loans as a percentage of aid is determined by dividing the amount of loans received (including zero loan amounts) by the amount of total aid (or federal aid) received for each case. Income for financially dependent students is based on parents’ annual income in the prior year. The cutoff points for low, middle, and high income were obtained by identifying the incomes at the 25th and 75th percentiles. Adjusted to constant 2003–04 dollars, the values were in 1992–93, $39,200 and $84,900; in 1999–2000, $35,700 and $94,100; and in 2003–04, $34,200 and $94,400. Data adjusted by the Consumer Price Index for All Urban Consumers (CPI-U) to constant 2003–04 dollars. See supplemental note 11 for more information about the CPI-U.
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SOURCE: U.S. Department of Education, National Center for Education Statistics, 1992–93, 1999–2000, and 2003–04 National Postsecondary Student Aid Studies (NPSAS:93, NPSAS:2000, and NPSAS:04).
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