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Table 6-1
Annual Student Financial Aid (In Thousands of Dollars)
FY 2021 - FY 2025
 
  Fiscal Year Percentage Annual Change Five Year
% Change
FY2021 FY2022 FY2023 FY2024 FY2025 2021-22 2022-23 2023-24 2024-25 2021-25

UNDERGRADUATE
     
FEDERAL FUNDS: $ 124,598 $ 122,845 $129,483 $137,078 $143,432 -1.4% 5.4% 5.9% 4.6% 15.1%
  Grants 28,756 28,031 29,765 33,015 39,501 -2.5% 6.2% 10.9% 19.6% 37.4%
  Loans 93,418 92,480 97,189 101,196 101,445 -1.0% 5.1% 4.1% 0.2% 8.6%
  Employment 2,424 2,334 2,529 2,867 2,486 -3.7% 8.4% 13.4% -13.3% 2.6%
       
STATE FUNDS: $ 20,022 $ 21,657 $ 26,981 $ 32,874 $ 32,173 8.2% 24.6% 21.8% -2.1% 60.7%
  Grants 20,022 21,657 26,981 32,874 32,173 8.2% 24.6% 21.8% -2.1% 60.7%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 231,825 $ 248,866 $ 268,710 $ 288,283 $ 301,931 7.4% 8.0% 7.3% 4.7% 30.2%
  Grants 226,103 241,475 258,868 280,285 292,870 6.8% 7.2% 8.3% 4.5% 29.5%
  Loans 0 0 0 0 0 -      -      -       -       -     
  Employment 5,722 7,391 9,842 7,998 9,061 29.2% 33.2% -18.7% 13.3% 58.4%
       
OTHER SOURCES: $ 20,829 $ 23,090 $ 23,439 $ 23,702 $ 21,851 10.9% 1.5% 1.1% -7.8% 4.9%
  Grants 2,413 2,723 3,319 3,686 3,653 12.8% 21.9% 11.1% -0.9% 51.4%
  Loans 18,416 20,367 20,120 20,016 18,198 10.6% -1.2% -0.5% -9.1% -1.2%
       
UNDERGRAD FIN AID: $ 397,274 $ 416,458 $ 448,613 $ 481,937 $ 499,387 4.8% 7.7% 7.4% 3.6% 25.7%

GRADUATE
FEDERAL FUNDS: $ 100,971 $ 96,690 $ 86,281 $ 82,530 $ 80,277 -4.2% -10.8% -4.3% -2.7% -20.5%
  Grants 2,000 1,773 1,824 1,942 1,687 -11.4% 2.9% 6.5% -13.1% -15.7%
  Loans 98,353 94,017 83,653 79,975 77,798 -4.4% -11.0% -4.4% -2.7% -20.9%
  Employment 618 900 804 613 792 45.6% -10.7% -23.8% 29.2% 28.2%
       
STATE FUNDS: $ 107 $ 140 $ 395 $1,332 $ 440 30.8% 182.1% 237.2% -67.0% 311.2%
  Grants 107 140 395 1,332 440 30.8% 182.1% 237.2% -67.0% 311.2%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 40,233 $ 39,404 $ 42,237 $ 43,723 $ 43,806 -2.1% 7.2% 3.5% 0.2% 8.9%
  Grants 35,623 36,035 37,081 38,974 38,659 1.2% 2.9% 5.1% -0.8% 8.5%
  Loans 0 0 0 0 0 -      -      -       -       -     
  Employment 4,610 3,369 5,156 4,749 5,147 -26.9% 53.0% -7.9% 8.4% 11.6%
 
OTHER SOURCES: $ 4,032 $ 4,678 $ 6,932 $10,138 $ 9,923 16.0% 48.2% 46.2% -2.1% 146.1%
  Grants 1,283 1,103 926 777 1,160 -14.0% -16.0% -16.1% 49.3% -9.6%
  Loans 2,749 3,575 6,006 9,361 8,763 30.0% 68.0% 55.9% -6.4% 218.8%
       
GRADUATE FIN AID: $ 145,343 $ 140,912 $ 135,845 $ 137,723 $ 134,446 -3.0% -3.6% 1.4% -2.4% -7.5%

COMBINED
     
FEDERAL FUNDS: $ 225,569 $ 219,535 $ 215,764 $ 219,608 $ 223,709 -2.7% -1.7% 1.8% 1.9% -0.8%
  Grants 30,756 29,804 31,589 34,957 41,188 -3.1% 6.1% 10.7% 17.8% 33.9%
  Loans 191,771 186,497 180,842 181,171 179,243 -2.8% -3.0% 0.2% -1.1% -6.5%
  Employment 3,042 3,234 3,333 3,480 3,278 6.3% 3.1% 4.4% -5.8% 7.8%
       
STATE FUNDS: $ 20,129 $ 21,797 $ 27,376 $ 34,206 $ 32,613 8.3% 25.6% 24.9% -4.7% 62.0%
  Grants 20,129 21,797 27,376 34,206 32,613 8.3% 25.6% 24.9% -4.7% 62.0%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 272,058 $ 288,270 $ 310,947 $ 332,006 $ 345,737 6.0% 7.9% 6.8% 4.1% 27.1%
  Grants 261,726 277,510 295,949 319,259 331,529 6.0% 6.6% 7.9% 3.8% 26.7%
  Loans 0 0 0 0 0 -      -      -         -     
  Employment 10,332 10,760 14,998 12,747 14,208 4.1% 39.4% -15.0% 11.5% 37.5%
       
OTHER SOURCES: $ 24,861 $ 27,768 $ 30,371 $ 33,840 $ 31,774 11.7% 9.4% 11.4% -6.1% 27.8%
  Grants 3,696 3,826 4,245 4,463 4,813 3.5% 11.0% 5.1% 7.8% 30.2%
  Loans 21,165 23,942 26,126 29,377 26,961 13.1% 9.1% 12.4% -8.2% 27.4%
       
TOTAL FINANCIAL AID $ 542,617 $ 557,370 $ 584,458 $ 619,660 $ 633,833 2.7% 4.9% 6.0% 2.3% 16.8%

Source: ISAC Annual SFA Survey.

IRMA 2025
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