Next
Table 6-1
Annual Student Financial Aid (In Thousands of Dollars)
FY 2017 - FY 2021
 
  Fiscal Year Percentage Annual Change Five Year
% Change
FY2017 FY2018 FY2019 FY2020 FY2021 2017-18 2018-19 2019-20 2020-21 2017-21

UNDERGRADUATE
     
FEDERAL FUNDS: $ 158,745 $ 153,678 $ 147,553 $ 142,595 $ 124,598 -3.2% -4.0% -3.4% -12.6% -21.5%
  Grants 29,416 30,076 29,837 28,695 28,756 2.2% -0.8% -3.8% 0.2% -2.2%
  Loans 126,643 121,346 115,352 111,362 93,418 -4.2% -4.9% -3.5% -16.1% -26.2%
  Employment 2,686 2,256 2,364 2,538 2,424 -16.0% 4.8% 7.4% -4.5% -9.8%
       
STATE FUNDS: $ 17,096 $ 18,786 $ 17,707 $ 19,790 $ 20,022 9.9% -5.7% 11.8% 1.2% 17.1%
  Grants 17,096 18,786 17,707 19,790 20,022 9.9% -5.7% 11.8% 1.2% 17.1%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 178,334 $ 194,412 $ 207,886 $ 221,871 $ 231,825 9.0% 6.9% 6.7% 4.5% 30.0%
  Grants 171,385 186,851 199,358 213,687 226,103 9.0% 6.7% 7.2% 5.8% 31.9%
  Loans 0 0 0 0 0 -      -      -      -       -     
  Employment 6,949 7,561 8,528 8,184 5,722 8.8% 12.8% -4.0% -30.1% -17.7%
       
OTHER SOURCES: $ 23,644 $ 22,440 $ 23,027 $ 24,452 $ 20,829 -5.1% 2.6% 6.2% -14.8% -11.9%
  Grants 2,557 2,329 2,253 2,469 2,413 -8.9% -3.3% 9.6% -2.3% -5.6%
  Loans 21,087 20,111 20,774 21,983 18,416 -4.6% 3.3% 5.8% -16.2% -12.7%
       
UNDERGRAD FIN AID: $ 377,819 $ 389,316 $ 396,173 $ 408,708 $ 397,274 3.0% 1.8% 3.2% -2.8% 5.1%

GRADUATE
FEDERAL FUNDS: $ 104,394 $ 107,899 $ 108,579 $ 104,292 $ 100,971 3.4% 0.6% -3.9% -3.2% -3.3%
  Grants 1,796 1,889 1,881 1,738 2,000 5.2% -0.4% -7.6% 15.1% 11.4%
  Loans 102,172 105,740 106,137 102,048 98,353 3.5% 0.4% -3.9% -3.6% -3.7%
  Employment 426 270 561 506 618 -36.6% 107.8% -9.8% 22.1% 45.1%
       
STATE FUNDS: $ 30 $ 64 $ 178 $ 109 $ 107 113.3% 178.1% -38.8% -1.8% 256.7%
  Grants 30 64 178 109 107 113.3% 178.1% -38.8% -1.8% 256.7%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 38,768 $ 42,159 $ 42,885 $ 43,833 $ 40,233 8.7% 1.7% 2.2% -8.2% 3.8%
  Grants 32,073 34,787 35,399 35,808 35,623 8.5% 1.8% 1.2% -0.5% 11.1%
  Loans 0 0 0 0 0 -      -      -      -       -     
  Employment 6,695 7,372 7,486 8,025 4,610 10.1% 1.5% 7.2% -42.6% -31.1%
 
OTHER SOURCES: $ 2,993 $ 3,228 $ 3,393 $ 4,037 $ 4,032 7.9% 5.1% 19.0% -0.1% 34.7%
  Grants 712 844 921 867 1,283 18.5% 9.1% -5.9% 48.0% 80.2%
  Loans 2,281 2,384 2,472 3,170 2,749 4.5% 3.7% 28.2% -13.3% 20.5%
       
GRADUATE FIN AID: $ 146,185 $ 153,350 $ 155,035 $ 152,271 $ 145,343 4.9% 1.1% -1.8% -4.5% -0.6%

COMBINED
     
FEDERAL FUNDS: $ 263,139 $ 261,577 $ 256,132 $ 246,887 $ 225,569 -0.6% -2.1% -3.6% -8.6% -14.3%
  Grants 31,212 31,965 31,718 30,433 30,756 2.4% -0.8% -4.1% 1.1% -1.5%
  Loans 228,815 227,086 221,489 213,410 191,771 -0.8% -2.5% -3.6% -10.1% -16.2%
  Employment 3,112 2,526 2,925 3,044 3,042 -18.8% 15.8% 4.1% -0.1% -2.2%
       
STATE FUNDS: $ 17,126 $ 18,850 $ 17,885 $ 19,899 $ 20,129 10.1% -5.1% 11.3% 1.2% 17.5%
  Grants 17,126 18,850 17,885 19,899 $ 20,129 10.1% -5.1% 11.3% 1.2% 17.5%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 217,102 $ 236,571 $ 250,771 $ 265,704 $ 272,058 9.0% 6.0% 6.0% 2.4% 25.3%
  Grants 203,458 221,638 234,757 249,495 261,726 8.9% 5.9% 6.3% 4.9% 28.6%
  Loans 0 0 0 0 0 -      -      -         -     
  Employment 13,644 14,933 16,014 16,209 10,332 9.4% 7.2% 1.2% -36.3% -24.3%
       
OTHER SOURCES: $ 26,637 $ 25,668 $ 26,420 $ 28,489 $ 24,861 -3.6% 2.9% 7.8% -12.7% -6.7%
  Grants 3,269 3,173 3,174 3,336 3,696 -2.9% 0.0% 5.1% 10.8% 13.1%
  Loans 23,368 22,495 23,246 25,153 21,165 -3.7% 3.3% 8.2% -15.9% -9.4%
       
TOTAL FINANCIAL AID $ 524,004 $ 542,666 $ 551,208 $ 560,979 $ 542,617 3.6% 1.6% 1.8% -3.3% 3.6%

Source: ISAC Annual SFA Survey.

IRMA 2021
Back to top