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Table 6-1
Annual Student Financial Aid (In Thousands of Dollars)
FY 2022 - FY 2026
 
  Fiscal Year Percentage Annual Change Five Year
% Change
FY2022 FY2023 FY2024 FY2025 FY2026 2022-23 2023-24 2024-25 2025-26 2022-26

UNDERGRADUATE

     
FEDERAL FUNDS: $ 122,845 $ 129,483 $ 137,078 $ 143,432 $ 142,481 5.4% 5.9% 4.6% -0.7% 16.0%
  Grants 28,031 29,765 33,015 39,501 39,727 6.2% 10.9% 19.6% 0.6% 41.7%
  Loans 92,480 97,189 101,196 101,445 100,140 5.1% 4.1% 0.2% -1.3% 8.3%
  Employment 2,334 2,529 2,867 2,486 2,614 8.4% 13.4% -13.3% 5.1% 12.0%
       
STATE FUNDS: $ 21,657 $ 26,981 $ 32,874 $ 32,173 $ 32,844 24.6% 21.8% -2.1% 2.1% 51.7%
  Grants 21,657 26,981 32,874 32,173 32,844 24.6% 21.8% -2.1% 2.1% 51.7%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 248,866 $ 268,710 $ 288,283 $ 301,931 $ 324,254 8.0% 7.3% 4.7% 7.4% 30.3%
  Grants 241,475 258,868 280,285 292,870 316,768 7.2% 8.3% 4.5% 8.2% 31.2%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 7,391 9,842 7,998 9,061 7,486 33.2% -18.7% 13.3% -17.4% 1.3%
       
OTHER SOURCES: $ 23,090 $ 23,439 $ 23,702 $ 21,851 $ 22,834 1.5% 1.1% -7.8% 4.5% -1.1%
  Grants 2,723 3,319 3,686 3,653 4,486 21.9% 11.1% -0.9% 22.8% 64.7%
  Loans 20,367 20,120 20,016 18,198 18,348 -1.2% -0.5% -9.1% 0.8% -9.9%
       
UNDERGRAD FIN AID: $ 416,458 $ 448,613 $ 481,937 $ 499,387 $ 522,413 7.7% 7.4% 3.6% 4.6% 25.4%

GRADUATE

FEDERAL FUNDS: $ 96,690 $ 86,281 $ 82,530 $ 80,277 $ 79,935 -10.8% -4.3% -2.7% -0.4% -17.3%
  Grants 1,773 1,824 1,942 1,687 2,239 2.9% 6.5% -13.1% 32.7% 26.3%
  Loans 94,017 83,653 79,975 77,798 76,954 -11.0% -4.4% -2.7% -1.1% -18.1%
  Employment 900 804 613 792 742 -10.7% -23.8% 29.2% -6.3% -17.6%
       
STATE FUNDS: $ 140 $ 395 $ 1,332 $ 440 $ 498 182.1% 237.2% -67.0% 13.2% 255.7%
  Grants 140 395 1,332 440 498 182.1% 237.2% -67.0% 13.2% 255.7%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 39,404 $ 42,237 $ 43,723 $ 43,806 $ 41,752 7.2% 3.5% 0.2% -4.7% 6.0%
  Grants 36,035 37,081 38,974 38,659 37,694 2.9% 5.1% -0.8% -2.5% 4.6%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 3,369 5,156 4,749 5,147 4,058 53.0% -7.9% 8.4% -21.2% 20.5%
 
OTHER SOURCES: $ 4,678 $ 6,932 $ 10,138 $ 9,923 $ 6,158 48.2% 46.2% -2.1% -37.9% 31.6%
  Grants 1,103 926 777 1,160 754 -16.0% -16.1% 49.3% -35.0% -31.6%
  Loans 3,575 6,006 9,361 8,763 5,404 68.0% 55.9% -6.4% -38.3% 51.2%
       
GRADUATE FIN AID: $ 140,912 $ 135,845 $ 137,723 $ 134,446 $ 128,343 -3.6% 1.4% -2.4% -4.5% -8.9%

COMBINED

     
FEDERAL FUNDS: $ 219,535 $ 215,764 $ 219,608 $ 223,709 $ 222,416 -1.7% 1.8% 1.9% -0.6% 1.3%
  Grants 29,804 31,589 34,957 41,188 41,966 6.0% 10.7% 17.8% 1.9% 40.8%
  Loans 186,497 180,842 181,171 179,243 177,094 -3.0% 0.2% -1.1% -1.2% -5.0%
  Employment 3,234 3,333 3,480 3,278 3,356 3.1% 4.4% -5.8% 2.4% 3.8%
       
STATE FUNDS: $ 21,797 $ 27,376 $ 34,206 $ 32,613 $ 33,342 25.6% 24.9% -4.7% 2.2% 53.0%
  Grants 21,797 27,376 34,206 32,613 33,342 25.6% 24.9% -4.7% 2.2% 53.0%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 0 0 0 0 0 -      -      -      -      -     
       
INSTITUTIONAL FUNDS: $ 288,270 $ 310,947 $ 332,006 $ 345,737 $ 366,006 7.9% 6.8% 4.1% 5.9% 27.0%
  Grants 277,510 295,949 319,259 331,529 354,462 6.6% 7.9% 3.8% 6.9% 27.7%
  Loans 0 0 0 0 0 -      -      -      -      -     
  Employment 10,760 14,998 12,747 14,208 11,544 39.4% -15.0% 11.5% -18.8% 7.3%
       
OTHER SOURCES: $ 27,768 $ 30,371 $ 33,840 $ 31,774 $ 28,992 9.4% 11.4% -6.1% -8.8% 4.4%
  Grants 3,826 4,245 4,463 4,813 5,240 11.0% 5.1% 7.8% 8.9% 37.0%
  Loans 23,942 26,126 29,377 26,961 23,752 9.1% 12.4% -8.2% -11.9% -0.8%
       
TOTAL FINANCIAL AID $ 557,370 $ 584,458 $ 619,660 $ 633,833 $ 650,756 4.9% 6.0% 2.3% 2.7% 16.8%

Source: ISAC Annual SFA Survey.

IRMA 2026
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