Aid per Undergraduate Student
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In 2010-11, undergraduates received an average of $12,455 per FTE student in financial aid and borrowed about $460 in nonfederal loans.
In 2010-11, 14.3 million FTE undergraduate students received an average of $12,455 in student aid, including $6,539 in grant aid, $4,907 in federal loans, $936 in tax benefits, and $72 in Federal Work-Study.
Key Points
- Federal Pell Grants constituted 19% of all of these funds in 2010-11, an increase from 13% in 2000-01 and 12% in 2005-06.
- Nonfederal borrowing per FTE undergraduate student increased from about $445 in 2000-01 to about $1,250 in 2005-06, before declining to about $460 in 2010-11.
- Benefits from federal education tax credits and deductions increased from about $458 per FTE undergraduate student in 2000-01 and $526 in 2005-06 to an estimated $936 in 2010-11.
Key Points
- Total full-time equivalent (FTE) undergraduate enrollments increased at an average annual rate of 3.6% over the decade from 2000-01 to 2010-11 compared to 1.5% per year from 1990-91 to 2000-01.
- Grant aid per FTE undergraduate increased an average of 3.4% per year in inflation-adjusted dollars from 1990-91 to 2000-01 and 5.1% per year from 2000-01 to 2010-11.
- Federal loans per FTE undergraduate student increased at an average rate of 6.3% per year in inflation-adjusted dollars from 1990-91 to 2000-01 and 5.0% per year from 2000-01 to 2010-11.
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Figure 1A: Ten-Year Trend in Total Student Aid and Nonfederal Loans per FTE Used to Finance Undergraduate Postsecondary Education Expenses in Constant 2010 Dollars, 2000-01 to 2010-11
| 00-01 | 01-02 | 02-03 | 03-04 | 04-05 | 05-06 | 06-07 | 07-08 | 08-09 | 09-10 | 10-11 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Federal Programs | $276 | $296 | $331 | $370 | $400 | $401 | $439 | $447 | $462 | $746 | $867 |
| Federal Campus-Based Programs | $301 | $304 | $313 | $315 | $269 | $280 | $266 | $242 | $195 | $185 | $180 |
| State Grants | $587 | $598 | $625 | $617 | $645 | $637 | $669 | $677 | $648 | $648 | $638 |
| Federal Pell Grants | $1005 | $1172 | $1289 | $1343 | $1316 | $1214 | $1161 | $1267 | $1427 | $2207 | $2438 |
| Institutional | $1530 | $1494 | $1500 | $1641 | $1695 | $1780 | $1851 | $1891 | $1887 | $1958 | $2082 |
| Private and Employer Grants | $506 | $521 | $548 | $581 | $590 | $604 | $613 | $624 | $584 | $486 | $464 |
| Federal Loans -Subsidized | $1439 | $1418 | $1488 | $1595 | $1627 | $1583 | $1525 | $1758 | $1821 | $2001 | $1994 |
| Federal Loans - Unsubsidized | $973 | $1020 | $1086 | $1180 | $1232 | $1273 | $1235 | $1266 | $2039 | $2277 | $2125 |
| Federal Parent Loans (PLUS) | $466 | $484 | $539 | $659 | $737 | $783 | $736 | $664 | $600 | $655 | $731 |
| Education Tax Benefits | $458 | $468 | $500 | $525 | $528 | $526 | $512 | $496 | $736 | $970 | $936 |
| Nonfederal Student Loans | $445 | $507 | $634 | $796 | $1037 | $1250 | $1533 | $1628 | $762 | $515 | $459 |
Table 3A: Undergraduate Total Aid, Grant Aid, Loan Aid, and Education Tax Benefits per Full-Time Equivalent (FTE) Student in Constant 2010 Dollars, 1990-91 to 2010-11
| Undergraduate Students: | FTE | Total Aid (in Millions) | Average Total Aid per FTE | Total Grant Aid (in Millions) | Average Grant Aid per FTE | Total Federal Loan Aid (in Millions) | Average Federal Loans per FTE | Total Education Tax Benefits (in Millions) | Average Education Tax Benefits per FTE | Total Federal Work-Study (in Millions) | Average Federal Work-Study per FTE |
| 1990-91 | 8,637,058 | $39,751 | $4,602 | $24,573 | $2,845 | $14,013 | $1,622 | $1,165 | $135 | ||
| 1991-92 | 8,960,706 | $42,995 | $4,798 | $27,252 | $3,041 | $14,628 | $1,632 | $1,116 | $125 | ||
| 1992-93 | 9,012,829 | $45,089 | $5,003 | $29,121 | $3,231 | $14,886 | $1,652 | $1,082 | $120 | ||
| 1993-94 | 8,894,311 | $49,355 | $5,549 | $28,999 | $3,260 | $19,303 | $2,170 | $1,052 | $118 | ||
| 1994-95 | 8,866,676 | $54,012 | $6,092 | $29,424 | $3,318 | $23,585 | $2,660 | $1,003 | $113 | ||
| 1995-96 | 8,840,755 | $57,723 | $6,425 | $29,583 | $3,346 | $26,234 | $2,967 | $986 | $112 | ||
| 1996-97 | 9,321,633 | $60,906 | $6,389 | $30,629 | $3,286 | $27,952 | $2,999 | $974 | $105 | ||
| 1997-98 | 9,413,056 | $66,077 | $6,828 | $32,619 | $3,465 | $28,807 | $3,060 | $1,740 | $185 | $1,111 | $118 |
| 1998-99 | 9,504,850 | $72,379 | $7,358 | $35,693 | $3,755 | $29,074 | $3,059 | $4,070 | $428 | $1,102 | $116 |
| 1999-00 | 9,744,219 | $77,003 | $7,482 | $37,579 | $3,857 | $29,581 | $3,036 | $4,660 | $478 | $1,082 | $111 |
| 2000-01 | 9,983,587 | $79,736 | $7,542 | $39,727 | $3,979 | $29,939 | $2,999 | $4,570 | $458 | $1,060 | $106 |
| 2001-02 | 10,456,733 | $86,605 | $7,775 | $43,478 | $4,158 | $31,805 | $3,042 | $4,890 | $468 | $1,132 | $108 |
| 2002-03 | 10,933,147 | $96,784 | $8,218 | $47,765 | $4,369 | $35,440 | $3,241 | $5,470 | $500 | $1,180 | $108 |
| 2003-04 | 11,215,842 | $107,925 | $8,826 | $51,915 | $4,629 | $40,031 | $3,569 | $5,890 | $525 | $1,158 | $103 |
| 2004-05 | 11,500,447 | $115,889 | $9,040 | $54,279 | $4,720 | $42,509 | $3,696 | $6,070 | $528 | $1,101 | $96 |
| 2005-06 | 11,666,707 | $120,520 | $9,081 | $54,904 | $4,706 | $43,859 | $3,759 | $6,140 | $526 | $1,037 | $89 |
| 2006-07 | 11,830,154 | $124,716 | $9,009 | $56,768 | $4,799 | $42,762 | $3,615 | $6,060 | $512 | $986 | $83 |
| 2007-08 | 12,126,861 | $132,896 | $9,331 | $60,257 | $4,969 | $45,904 | $3,785 | $6,010 | $496 | $985 | $81 |
| 2008-09 | 12,700,543 | $141,748 | $10,399 | $64,309 | $5,063 | $57,435 | $4,522 | $9,350 | $736 | $974 | $77 |
| 2009-10 | 13,757,117 | $173,995 | $12,133 | $83,896 | $6,098 | $68,557 | $4,983 | $13,350 | $970 | $1,112 | $81 |
| 2010-11 | 14,259,031 | $184,132 | $12,455 | $93,238 | $6,539 | $69,972 | $4,907 | $13,350 | $936 | $1,032 | $72 |
Note: The figures reported here reflect total student aid amounts divided across all students, including nonrecipients. Total Aid includes Federal Work-Study and Education Tax Benefits. Loan numbers do not include private nonfederal loans, which provide funding for students but do not involve subsidies.
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