Average Aid per Student over Time: All Postsecondary Students, Undergraduate Students, and Graduate Students

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Average total financial aid per full-time equivalent (FTE) student increased from $11,505 (in 2015 dollars) in 2005-06 to $16,304 in 2015-16. Over the decade, total grants per student increased by 58%, from $5,391 to $8,520, and federal loans increased by 20% from $5,421 to $6,484.

Table 3: Average Aid per Full-Time Equivalent (FTE) Student in 2015 Dollars over Time

Notes & Sources 

NOTE: The figures reported here reflect total student aid amounts divided across all students, including non-recipients. Total Aid includes Federal Work-Study and Education Tax Benefits.

SOURCES: See Notes & Sources for a list of sources for data included in Table 3; NCES, IPEDS fall enrollment data.

  • Average total financial aid per FTE undergraduate student increased from $10,177 (in 2015 dollars) in 2005-06 to $14,462 in 2015-16. Grant aid per FTE undergraduate increased by 60%, from $5,248 (in 2015 dollars) in 2005-06 to $8,394 in 2015-16, and federal loans increased by 11%, from $4,249 to $4,717.
  • Average total financial aid per FTE graduate student increased from $20,109 (in 2015 dollars) in 2005-06 to $27,747 in 2015-16. Grant aid per FTE graduate student increased by 47%, from $6,318 to $9,302, and federal loans increased 34% from $13,019 to $17,465.