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