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