Average Net Price by Income Among Federal Student Aid Recipients, 2014-15
In 2014-15, at public two-year and four-year institutions, first-time full-time students who were federal aid recipients from families with incomes below $48,001 received enough grant aid on average to cover their tuition and fees, leaving more than $1,500 for other expenses.
Figure 11: Published and Net Tuition and Fees and Nontuition Expenses, First-Time, Full-Time Undergraduates Receiving Federal Aid, by Family Income and Sector, 2014-15
Notes & Sources
NOTES: Includes only degree/certificate-seeking undergraduates who received Title IV federal financial aid. Income includes that of parents for dependent students, but for independent students, only that of students and spouses. Nontuition expenses include room and board, books and supplies, and other expenses. Nontuition expenses are for students living on campus in the public and private nonprofit four-year sectors and for students living off campus in the public two-year and for-profit sectors. Table excludes international students and Parent PLUS Loans and military and veterans’ aid.
SOURCES: NCES, IPEDS 2015 Institutional Characteristics and Student Financial Aid data; NCES, NPSAS 2012; calculations by the authors.
- At public four-year institutions, federal aid recipients (including those who received only federal loans) with incomes $30,000 and below paid no tuition on average, and had $2,700 of grant aid to put toward an estimated $14,520 in nontuition expenses, leaving $11,820 for them to cover out of other resources.
- At public two-year colleges, federal aid recipients with incomes $75,000 and below paid an average of $390 or less in tuition and fees net of grant aid.
- At private nonprofit four-year institutions, average tuition and fees net of grant aid from all sources ranged from $5,010 for federal aid recipients from families with incomes $30,000 and below to $19,070 for those with incomes above $110,000.
- At for-profit institutions, average tuition and fees net of grant aid from all sources ranged from $8,410 for federal aid recipients from families with incomes $30,000 and below to $17,100 for those with incomes above $110,000.
- Percentages of students receiving federal aid are lowest for higher-income students and at public two-year colleges.