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Between 2000-01 and 2006-07, institutional grant aid per full-time equivalent (FTE) undergraduate student increased by 34% at private four-year institutions, from $5,525 to $7,417 in constant 2007 dollars. Institutional grant aid increased by 43%, from $731 to $1,043 per FTE at public four-year colleges and universities over this time period. |
Note: The scale on the private institutional grant graph is 10 times the scale on the graph for public institutions. The highest line on the private graph corresponds to average grant aid of $5,000, while the highest line on the public graph corresponds to average grant aid of $500. Need-based grants include any institutional grant dollars awarded to students with financial need up to the student’s full need.
Non-need-based grants are defined as dollars awarded to students without financial need or amounts that exceed the student’s
financial need.
Source: Annual Survey of Colleges, The College Board, New York, NY.
Download Excel for this figure. Download Excel for all figures and tables. This figure was prepared in October 2008 for Trends in Student Aid, 2008.
- On average, about 70% of the institutional grants awarded to undergraduates at private four-year colleges went to meet financial need from 2000-01 through 2006-07.
- The proportion of institutional grant dollars going to meet need at public four-year institutions increased from 35% to 44% between 2000-01 and 2006-07.
Also Important
- Some grants defined here as need-based because their recipients have measured need may be labeled “merit” awards. Some measures of need-based aid exclude these awards to needy students.
- Between 2000-01 and 2006-07, the average institutional grant per FTE at public four-year institutions covered between 16% and 18% of tuition and fees.
