Sources of Grant Aid: Private Institutions

In 2015-16, low-income students enrolled full time at private nonprofit four-year colleges and universities received 63% of their total grant aid from their institutions—an average of $16,590 per student out of a total of $26,220 of grant aid from all sources.

Figure 19. Sources of Grant Aid, Full-Time Students at Private Institutions, 2015-16

Notes & Sources 

NOTES: Includes full-time undergraduate students who were U.S. citizens or permanent residents. Percentages may not sum to 100 because of rounding.

SOURCES: NCES, NPSAS, 2016; calculations by the authors.
 

  • Students from families with incomes of $120,000 or higher received 85% of their total grant aid from their institutions—an average of $13,510 per student out of a total of $15,860.
  • Average total grant aid for independent students at private nonprofit institutions was only about 60% of the average amount received by dependent students in 2015-16. Independent students received more funding from federal grants including aid to veterans and the military, but less from states, from private sources and employers and, particularly, from institutions.
  • In 2015-16, full-time students at for-profit institutions received 42% of their grant aid from federal nonmilitary grants, 33% from veterans and military grants, and 15% from their institutions.
  • Average institutional grant aid per student in the for-profit sector ranged from $910 for independent students and $1,920 for dependent students from families with incomes below $35,000 to $2,920 for those with incomes between $70,000 and $120,000.