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Table 6-1
Annual Student Financial Aid (In Thousands of Dollars)
FY 2016 - FY 2020
 
  Fiscal Year Percentage Annual Change Five Year
% Change
FY2016 FY2017 FY2018 FY2019 FY2020 2016-17 2017-18 2018-19 2019-20 2016-20

UNDERGRADUATE
     
FEDERAL FUNDS: $ 162,715 $ 158,745 $ 153,678 $ 147,553 $ 142,595 -2.4% -3.2% -4.0% -3.4% -12.4%
  Grants 31,191 29,416 30,076 29,837 28,695 -5.7% 2.2% -0.8% 3.8% -8.0%
  Loans 129,498 126,643 121,346 115,352 111,362 -2.2% -4.2% -4.9% -3.5% -14.0%
  Employment 2,026 2,686 2,256 2,364 2,538 32.6% -16.0% 4.8% 7.4% 25.3%
       
STATE FUNDS: $ 18,588 $ 17,096 $ 18,786 $ 17,707 $ 19,790 -8.0% 9.9% -5.7% 11.8% 6.5%
  Grants 18,588 17,096 18,786 17,707 19,790 -8.0% 9.9% -5.7% 11.8% 6.5%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 171,625 $ 178,334 $ 194,412 $ 207,886 $ 221,871 3.9% 9.0% 6.9% 6.7% 29.3%
  Grants 164,823 171,385 186,851 199,358 213,687 4.0% 9.0% 6.7% 7.2% 29.6%
  Loans 0 0 0 0 0 -      -      -      -       -     
  Employment 6,802 6,949 7,561 8,528 8,184 2.2% 8.8% 12.8% -4.0% 20.3%
       
OTHER SOURCES: $ 22,107 $ 23,644 $ 22,440 $ 23,027 $ 24,452 7.0% -5.1% 2.6% 6.2% 10.6%
  Grants 2,681 2,557 2,329 2,253 2,469 -4.6% -8.9% -3.3% 9.6% -7.9%
  Loans 19,426 21,087 20,111 20,774 21,983 8.6% -4.6% 3.3% 5.8% 13.2%
       
UNDERGRAD FIN AID: $ 375,035 $ 377,819 $ 389,316 $ 396,173 $ 408,708 0.7% 3.0% 1.8% 3.2% 9.0%

GRADUATE
FEDERAL FUNDS: $ 101,869 $ 104,394 $ 107,899 $ 108,579 $ 104,292 2.5% 3.4% 0.6% -3.9% 2.4%
  Grants 1,682 1,796 1,889 1,881 1,738 6.8% 5.2% -0.4% -7.6% 3.3%
  Loans 99,683 102,172 105,740 106,137 102,048 2.5% 3.5% 0.4% -3.9% 2.4%
  Employment 504 426 270 561 506 -15.5% -36.6% 107.8% -9.8% 0.4%
       
STATE FUNDS: $ 27 $ 30 $ 64 $ 178 $ 109 11.1% 113.3% 178.1% -38.8% 303.7%
  Grants 27 30 64 178 109 11.1% 113.3% 178.1% -38.8% 303.7%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 35,445 $ 38,768 $ 42,159 $ 42,885 $ 43,833 9.4% 8.7% 1.7% 2.2% 23.7%
  Grants 29,179 32,073 34,787 35,399 35,808 9.9% 8.5% 1.8% 1.2% 22.7%
  Loans 0 0 0 0 0 -      -      -      -       -     
  Employment 6,266 6,695 7,372 7,486 8,025 6.8% 10.1% 1.5% 7.2% 28.1%
 
OTHER SOURCES: $ 2,558 $ 2,993 $ 3,228 $ 3,393 $ 4,037 17.0% 7.9% 5.1% 19.0% 57.8%
  Grants 753 712 844 921 867 -5.4% 18.5% 9.1% -5.9% 15.1%
  Loans 1,805 2,281 2,384 2,472 3,170 26.4% 4.5% 3.7% 28.2% 75.6%
       
GRADUATE FIN AID: $ 139,899 $ 146,185 $ 153,350 $ 155,035 $ 152,271 4.5% 4.9% 1.1% -1.8% 8.8%

COMBINED
     
FEDERAL FUNDS: $ 264,584 $ 263,139 $ 261,577 $ 256,132 $ 246,887 -0.5% -0.6% -2.1% -3.6% -6.7%
  Grants 32,873 31,212 31,965 31,718 30,433 -5.1% 2.4% -0.8% -4.1% -7.4%
  Loans 229,181 228,815 227,086 221,489 213,410 -0.2% -0.8% -2.5% -3.6% -6.9%
  Employment 2,530 3,112 2,526 2,925 3,044 23.0% -18.8% 15.8% 4.1% 20.3%
       
STATE FUNDS: $ 18,615 $ 17,126 $ 18,850 $ 17,885 $ 19,899 -8.0% 10.1% -5.1% 11.3% 6.9%
  Grants 18,615 17,126 18,850 17,885 19,899 -8.0% 10.1% -5.1% 11.3% 6.9%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 207,070 $ 217,102 $ 236,571 $ 250,771 $ 265,704 4.8% 9.0% 6.0% 6.0% 28.3%
  Grants 194,002 203,458 221,638 234,757 249,495 4.9% 8.9% 5.9% 6.3% 28.6%
  Loans 0 0 0 0 0 -      -      -         -     
  Employment 13,068 13,644 14,933 16,014 16,209 4.4% 9.4% 7.2% 1.2% 24.0%
       
OTHER SOURCES: $ 24,665 $ 26,637 $ 25,668 $ 26,420 $ 28,489 8.0% -3.6% 2.9% 7.8% 15.5%
  Grants 3,434 3,269 3,173 3,174 3,336 -4.8% -2.9% 0.0% 5.1% -2.9%
  Loans 21,231 23,368 22,495 23,246 25,153 10.1% -3.7% 3.3% 8.2% 18.5%
       
TOTAL FINANCIAL AID $ 514,934 $ 524,004 $ 542,666 $ 551,208 $ 560,979 1.8% 3.6% 1.6% 1.8% 8.9%

Source: ISAC Annual SFA Survey.

IRMA 2020
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