Average Institutional Grant Aid per First-Time Full-Time Student over Time

Between 2009-10 and 2014-15, the increase in average institutional grant aid for first-time full-time students at private nonprofit master’s universities was large enough to more than cover the increase in tuition and fees.

Figure 21: Average Institutional Grant Aid per First-Time Full-Time Undergraduate Student in 2014 Dollars, 2004-05 to 2014-15

Figure 21 represents Average Institutional Grant Aid per First-Time Full-Time Undergraduate Student in 2014 Dollars, 2004-05 to 2014-15. For a corresponding Section 508-compliant data table, download the Excel spreadsheet.

Notes & Sources 

NOTES: Public tuition and fees are for in-state students. Carnegie categories are based on the 2015 classification.
 
SOURCES: NCES, IPEDS Student Financial Aid data, 2004-05 through 2014-15; College Board, Trends in College Pricing, 2010 through 2015; calculations by the authors.
  • Between 2009-10 and 2014-15, the increases in average institutional grant aid covered 71% and 97% of the price increases at private doctoral and bachelor's institutions, respectively.
  • The increase in average institutional grant aid between 2009-10 and 2014-15 covered a smaller share of the tuition and fee increase at public master’s universities than at other types of public and private nonprofit institutions.
  • Between 2004-05 and 2014-15, in the private nonprofit sector, the percentage of first-time full-time undergraduates receiving institutional grant aid increased from 67% to 73% at doctoral universities, from 80% to 92% at master’s universities, and from 74% to 84% at bachelor’s colleges.
  • Between 2004-05 and 2014-15, the percentage of first-time full-time undergraduates in the public four-year sector receiving institutional grant aid increased from 36% to 53% at doctoral universities, from 27% to 45% at master’s universities, and from 23% to 38% at bachelor’s colleges.