Average Aid per Student over Time: All Postsecondary Students, Undergraduate Students, and Graduate Students
Average total financial aid per full‐time equivalent (FTE) student increased from $$11,387 (in 2014 dollars) in 2004-05 to $15,941 in 2014-15. Over the decade, total grants per student increased by 55%, from $5,327 to $8,259, and federal loans increased by 19% from $5,361 to $6,403.
Table 3: Average Aid per Full-Time Equivalent (FTE) Student in 2014 Dollars over Time
Notes & Sources
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.
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 $10,143 (in 2014 dollars) in 2004-05 to $14,201 in 2014-15. Grant aid per FTE undergraduate increased by 56%, from $5,246 (in 2014 dollars) in 2004-05 to $8,167 in 2014-15, and federal loans increased by 14%, from $4,207 to $4,795.
- Average total financial aid per FTE graduate student increased from $19,452 (in 2014 dollars) in 2004-05 to $26,955 in 2014-15. Grant aid per FTE graduate student increased by 51%, from $5,854 to $8,839, and federal loans increased 29% from $12,849 to $16,574.