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Table 6-1
Annual Student Financial Aid (In Thousands of Dollars)
FY 2012 - FY 2016
 
  Fiscal Year Percentage Annual Change Five Year
% Change
FY2012 FY2013 FY2014 FY2015 FY2016 2012-13 2013-14 2014-15 2015-16 2012-16

UNDERGRADUATE
     
FEDERAL FUNDS: $ 171,523 $ 165,332 $ 164,422 $ 160,354 $ 162,715 -3.6% -0.6% -2.5% 1.5% -5.1%
  Grants 32,407 30,462 31,425 31,098 31,191 -6.0% 3.2% -1.0% 0.3% -3.8%
  Loans 137,443 132,531 131,522 127,648 129,498 -3.6% -0.8% -2.9% 1.4% -5.8%
  Employment 1,674 2,340 1,475 1,608 2,026 39.8% -37.0% 9.0% 26.0% 21.0%
       
STATE FUNDS: $ 22,609 $ 20,079 $ 20,820 $ 20,120 $ 18,588 -11.2% 3.7% -3.4% -7.6% -17.8%
  Grants 22,609 20,079 20,820 20,120 18,588 -11.2% 3.7% -3.4% -7.6% -17.8%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 129,720 $ 142,418 $ 152,638 $ 162,709 $ 171,625 9.8% 7.2% 6.6% 5.5% 32.3%
  Grants 122,181 136,130 144,675 156,197 164,823 11.4% 6.3% 8.0% 5.5% 34.9%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 7,539 6,288 7,962 6,512 6,802 -16.6% 26.6% -18.2% 4.5% -9.8%
       
OTHER SOURCES: $ 17,694 $ 20,416 $ 20,722 $ 20,748 $ 22,107 15.4% 1.5% 0.1% 6.6% 24.9%
  Grants 1,939 2,505 2,424 2,331 2,681 29.2% -3.2% -3.9% 15.0% 38.3%
  Loans 15,755 17,911 18,298 18,417 19,426 13.7% 2.2% 0.7% 5.5% 23.3%
       
UNDERGRAD FIN AID: $ 341,546 $ 348,246 $ 358,601 $ 363,931 $ 375,035 2.0% 3.0% 1.5% 3.1% 9.8%

GRADUATE
FEDERAL FUNDS: $ 138,240 $ 117,645 $ 110,327 $ 105,417 $ 101,869 -14.9% -6.2% -4.5% -3.4% -26.3%
  Grants 1,686 1,265 1,552 1,711 1,682 -25.0% 22.8% 10.2% -1.7% -0.3%
  Loans 136,289 115,918 108,585 103,299 99,683 -14.9% -6.3% -4.9% -3.5% -26.9%
  Employment 265 463 189 407 504 74.7% -59.1% 115.1% 23.8% 90.2%
       
STATE FUNDS: $ 215 $ 156 $ 115 $ 99 $ 27 -27.4% -26.5% -13.8% -72.7% -87.5%
  Grants 215 156 115 99 27 -27.4% -26.5% -13.8% -72.7% -87.5%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 25,100 $ 26,259 $ 29,461 $ 33,239 $ 35,445 4.6% 12.2% 12.8% 6.6% 41.2%
  Grants 17,278 19,000 23,133 26,696 29,179 10.0% 21.8% 15.4% 9.3% 68.9%
  Loans 0 0 0 0 -      -      -      -      -     
  Employment 7,822 7,259 6,328 6,543 6,266 -7.2% -12.8% 3.4% -4.2% -19.9%
 
OTHER SOURCES: $ 2,507 $ 2,465 $ 2,623 $ 2,421 $ 2,558 -1.7% 6.4% -7.7% 5.7% 2.0%
  Grants 603 690 592 692 753 14.5% -14.2% 16.9% 8.8% 24.8%
  Loans 1,904 1,775 2,031 1,729 1,805 -6.8% 14.4% -14.9% 4.4% -5.2%
       
GRADUATE FIN AID: $ 166,063 $ 146,525 $ 142,526 $ 141,176 $ 139,899 -11.8% -2.7% -0.9% -0.9% -15.8%

COMBINED
     
FEDERAL FUNDS: $ 309,763 $ 282,978 $ 274,748 $ 265,771 $ 264,584 -8.6% -2.9% -3.3% -0.4% -14.6%
  Grants 34,093 31,726 32,977 32,809 32,873 -6.9% 3.9% -0.5% -0.4% -14.6%
  Loans 273,731 248,448 240,107 230,947 229,181 -9.2% -3.4% -3.8% -0.8% -16.3%
  Employment 1,939 2,803 1,664 2,015 2,530 44.6% -40.6% 21.1% 25.6% 30.5%
       
STATE FUNDS: $ 22,824 $ 20,236 $ 20,935 $ 20,219 $ 18,615 -11.3% 3.5% -3.4% -7.9% -18.4%
  Grants 22,824 20,236 20,935 20,219 18,615 -11.3% 3.5% -3.4% -7.9% -18.4%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 154,821 $ 168,677 $ 182,099 $ 195,948 $ 207,070 8.9% 8.0% 7.6% 5.7% 33.7%
  Grants 139,460 155,130 167,809 182,893 194,002 11.2% 8.2% 9.0% 6.1% 39.1%
  Loans 0 0 0 0 0 -      -      -      -       -     
  Employment 15,361 13,547 14,290 13,055 13,068 -11.8% 5.5% -8.6% 0.1% -14.9%
       
OTHER SOURCES: $ 20,201 $ 22,881 $ 23,346 $ 23,169 $ 24,665 13.3% 2.0% -0.8% 6.5% 22.1%
  Grants 2,542 3,195 3,017 3,023 3,434 25.7% -5.6% 0.2% 13.6% 35.1%
  Loans 17,659 19,686 20,329 20,146 21,230 11.5% 3.3% -0.9% 5.4% 20.2%
       
TOTAL FINANCIAL AID $ 507,609 $ 494,772 $ 501,127 $ 505,107 $ 514,934 -2.5% 1.3% 0.8% 1.9% 1.4%

Source: ISAC Annual SFA Survey.

IRMA 2016
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