Table 6-1 Annual Student Financial Aid (In Thousands of Dollars) FY 2013 - FY 2017 |
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Fiscal Year | Percentage Annual Change | Five Year % Change |
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FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2013-17 | |
UNDERGRADUATE |
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FEDERAL FUNDS: | $ 165,332 | $ 164,422 | $ 160,354 | $ 162,715 | $ 158,745 | -0.6% | -2.5% | 1.5% | -2.4% | -4.0% |
Grants | 30,462 | 31,425 | 31,098 | 31,191 | 29,416 | 3.2% | -1.0% | 0.3% | -5.7% | -3.4% |
Loans | 132,531 | 131,522 | 127,648 | 129,498 | 126,643 | -0.8% | -2.9% | 1.4% | -2.2% | -4.4% |
Employment | 2,340 | 1,475 | 1,608 | 2,026 | 2,686 | -37.0% | 9.0% | 26.0% | 32.6% | 14.8% |
STATE FUNDS: | $ 20,079 | $ 20,820 | $ 20,120 | $ 18,588 | $ 17,096 | 3.7% | -3.4% | -7.6% | -8.0% | -14.9% |
Grants | 20,079 | 20,820 | 20,120 | 18,588 | 17,096 | 3.7% | -3.4% | -7.6% | -8.0% | -14.9% |
Loans | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - |
Employment | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - |
INSTITUTIONAL FUNDS: | $ 142,418 | $ 152,638 | $ 162,709 | $ 171,625 | $ 178,334 | 7.2% | 6.6% | 5.5% | 3.9% | 25.2% |
Grants | 136,130 | 144,675 | 156,197 | 164,823 | 171,385 | 6.3% | 8.0% | 5.5% | 4.0% | 25.9% |
Loans | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - |
Employment | 6,288 | 7,962 | 6,512 | 6,802 | 6,949 | 26.6% | -18.2% | 4.5% | 2.2% | 10.5% |
OTHER SOURCES: | $ 20,416 | $ 20,722 | $ 20,748 | $ 22,107 | $ 23,644 | 1.5% | 0.1% | 6.6% | 7.0% | 15.8% |
Grants | 2,505 | 2,424 | 2,331 | 2,681 | 2,557 | -3.2% | -3.9% | 15.0% | -4.6% | 2.1% |
Loans | 17,911 | 18,298 | 18,417 | 19,426 | 21,087 | 2.2% | 0.7% | 5.5% | 8.6% | 17.7% |
UNDERGRAD FIN AID: | $ 348,246 | $ 358,601 | $ 363,931 | $ 375,035 | $ 377,819 | 3.0% | 1.5% | 3.1% | 0.7% | 8.5% |
GRADUATE |
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FEDERAL FUNDS: | $ 117,645 | $ 110,327 | $ 105,417 | $ 101,869 | $ 104,394 | -6.2% | -4.5% | -3.4% | 2.5% | -11.3% |
Grants | 1,265 | 1,552 | 1,711 | 1,682 | 1,796 | 22.8% | 10.2% | -1.7% | 6.8% | 42.0% |
Loans | 115,918 | 108,585 | 103,299 | 99,683 | 102,172 | -6.3% | -4.9% | -3.5% | 2.5% | -11.9% |
Employment | 463 | 189 | 407 | 504 | 426 | -59.1% | 115.1% | 23.8% | -15.5% | -8.0% |
STATE FUNDS: | $ 156 | $ 115 | $ 99 | $ 27 | $ 30 | -26.5% | -13.8% | -72.7% | 11.1% | -80.8% |
Grants | 156 | 115 | 99 | 27 | 30 | -26.5% | -13.8% | -72.7% | 11.1% | -80.8% |
Loans | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - |
Employment | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - |
INSTITUTIONAL FUNDS: | $ 26,259 | $ 29,461 | $ 33,239 | $ 35,445 | $ 38,768 | 12.2% | 12.8% | 6.6% | 9.4% | 47.6% |
Grants | 19,000 | 23,133 | 26,696 | 29,179 | 32,073 | 21.8% | 15.4% | 9.3% | 9.9% | 68.8% |
Loans | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
Employment | 7,259 | 6,328 | 6,543 | 6,266 | 6,695 | -12.8% | 3.4% | -4.2% | 6.8% | -7.8% |
OTHER SOURCES: | $ 2,465 | $ 2,623 | $ 2,421 | $ 2,558 | $ 2,993 | 6.4% | -7.7% | 5.7% | 17.0% | 21.4% |
Grants | 690 | 592 | 692 | 753 | 712 | -14.2% | 16.9% | 8.8% | -5.4% | 3.1% |
Loans | 1,775 | 2,031 | 1,729 | 1,805 | 2,281 | 14.4% | -14.9% | 4.4% | 26.4% | 28.5% |
GRADUATE FIN AID: | $ 146,525 | $ 142,526 | $ 141,176 | $ 139,899 | $ 146,185 | -2.7% | -0.9% | -0.9% | 4.5% | -0.2% |
COMBINED |
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FEDERAL FUNDS: | $ 282,978 | $ 274,748 | $ 265,771 | $ 264,584 | $ 263,139 | -2.9% | -3.3% | -0.4% | -0.5% | -7.0% |
Grants | 31,726 | 32,977 | 32,809 | 32,873 | 31,212 | 3.9% | -0.5% | 0.2% | -5.1% | -1.6% |
Loans | 248,448 | 240,107 | 230,947 | 229,181 | 228,815 | -3.4% | -3.8% | -0.8% | -0.2% | -7.9% |
Employment | 2,803 | 1,664 | 2,015 | 2,530 | 3,112 | -40.6% | 21.1% | 25.6% | 23.0% | 11.0% |
STATE FUNDS: | $ 20,236 | $ 20,935 | $ 20,219 | $ 18,615 | $ 17,126 | 3.5% | -3.4% | -7.9% | -8.0% | -15.4% |
Grants | 20,236 | 20,935 | 20,219 | 18,615 | 17,126 | 3.5% | -3.4% | -7.9% | -8.0% | -15.4% |
Loans | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - |
Employment | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - |
INSTITUTIONAL FUNDS: | $ 168,677 | $ 182,099 | $ 195,948 | $ 207,070 | $ 217,102 | 8.0% | 7.6% | 5.7% | 4.8% | 28.7% |
Grants | 155,130 | 167,809 | 182,893 | 194,002 | 203,458 | 8.2% | 9.0% | 6.1% | 4.9% | 31.2% |
Loans | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |
Employment | 13,547 | 14,290 | 13,055 | 13,068 | 13,644 | 5.5% | -8.6% | 0.1% | 4.4% | 0.7% |
OTHER SOURCES: | $ 22,881 | $ 23,346 | $ 23,169 | $ 24,665 | $ 26,637 | 2.0% | -0.8% | 6.5% | 8.0% | 16.4% |
Grants | 3,195 | 3,017 | 3,023 | 3,434 | 3,269 | -5.6% | 0.2% | 13.6% | -4.8% | 2.3% |
Loans | 19,686 | 20,329 | 20,146 | 21,231 | 23,368 | 3.3% | -0.9% | 5.4% | 10.1% | 18.7% |
TOTAL FINANCIAL AID | $ 494,772 | $ 501,127 | $ 505,107 | $ 514,934 | $ 524,004 | 1.3% | 0.8% | 1.9% | 1.8% | 5.9% |
Source: ISAC Annual SFA Survey. |
IRMA 2017 |