Table 47-1. Average total price, loans, grants, and net access price for full-time, full-year dependent undergraduates, by type of institution: 1989–90, 1999–2000, and 2003–04
|
[In constant 2003-04 dollars] |
Type of institution, price, and aid |
1989–90 |
1999–2000 |
2003–04 |
|
Public 2-year |
Total price |
$8,000 |
$9,400 |
$9,800 |
Loans |
200 |
500 |
700 |
Grants |
700 |
1,200 |
1,400 |
Net access price |
7,100 |
7,700 |
7,700 |
|
|
|
|
Public 4-year |
|
|
|
Total price |
10,900 |
13,600 |
15,100 |
Loans |
900 |
2,700 |
3,200 |
Grants |
1,300 |
2,100 |
2,600 |
Net access price |
8,700 |
8,800 |
9,300 |
|
|
|
|
Private not-for-profit 4-year |
|
|
|
Total price |
21,200 |
26,800 |
29,500 |
Loans |
2,200 |
5,300 |
6,100 |
Grants |
4,400 |
7,500 |
8,000 |
Net access price |
14,700 |
14,000 |
15,300 |
|
|
|
|
Private for-profit less-than-4-year |
|
|
|
Total price |
16,100 |
17,500 |
18,100 |
Loans |
3,400 |
5,900 |
6,300 |
Grants |
1,800 |
2,000 |
2,600 |
Net access price |
10,900 |
9,600 |
9,300 |
|
NOTE: Net access price is an estimate of the cash outlay that students and their families need to make in a given year to cover educational expenses. It is calculated here as the total price of attendance minus grants and loans. Full time means students attended full time (as defined by the institution) for the full year (at least 9 months at a 2- or 4-year institution or 6 months at a less-than-4-year institution). Loans promote access to postsecondary education by providing the cash needed to enroll. However, because the funds must be repaid (with interest), loans defer rather than reduce the price of attending. Information on the use of tax credits by individual families is not available and therefore could not be taken into account in calculating net access price. Averages were computed for all students, including those who did not receive financial aid. Data adjusted by the Consumer Price Index for All Urban Consumers (CPI-U) to 2003–04 dollars. See supplemental note 11 for more information about the CPI-U. Estimates exclude students who were not U.S. citizens or permanent residents, and therefore were ineligible for federal student aid; students who attended more than one institution in a year, because of the difficulty matching information on price and aid; and students who attended private for-profit 4-year institutions, because of their small number. Detail may not sum to totals because of rounding.
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SOURCE: U.S. Department of Education, National Center for Education Statistics, 1989–90, 1999–2000, and 2003–04 National Postsecondary Student Aid Studies (NPSAS:90, NPSAS:2000, and NPSAS:04).
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