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Finance
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.

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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