Trends in Student Aid, 2001 [electronic resource]
This report presents annual data on the amount of financial assistance available to postsecondary students in the form of grants, loans, and work-study. The objective of the report is to assemble the most complete, comparable, and reliable statistics on student financial aid for the 2000-2001 academ...
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| Format: | Electronic eBook |
| Language: | English |
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Distributed by ERIC Clearinghouse,
2001.
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| Summary: | This report presents annual data on the amount of financial assistance available to postsecondary students in the form of grants, loans, and work-study. The objective of the report is to assemble the most complete, comparable, and reliable statistics on student financial aid for the 2000-2001 academic year and for years from 1963-1964 to the present. The study considers only direct aid to students. The most promising trend in student aid that this survey has tracked since the early 1980s has been the growing reliance on borrowing for higher education. Federal programs have largely fueled this trend, in that the federal government provides about 70% of direct aid to postsecondary students, and almost 60% of that aid is now in the form of loans. Available student aid topped $74 billion in 2000-2001, an increase of 7.1% over the preceding year, or 3.5% after adjusting for inflation. Over the past decade, total aid has almost doubled in constant dollars, but the growing reliance on loan programs was responsible for two-thirds of this increase. Loan aid has increased by 136% during the past decade in constant dollars, while grant aid has increased by 64%. Data presented include: (1) aid awarded to postsecondary students in current dollars; (2) average tuition and fee charges; (3) number of recipients and aid per recipient for specific programs; (4) numbers of borrowers, loans, and average loan amounts; and (5) federal outlays on various student aid programs. Appendixes contain tables of aid awarded in current and constant dollars over the past decade. (Contains 10 figures and 14 tables.) (SLD) |
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| Item Description: | ERIC Document Number: ED457723. Availability: College Board Publications, Box 886, New York, NY 10101-0886 (item #992992, $15 plus $4 postage and handling). Tel: 800-323-7155 (Toll Free). For full text: http://www.collegeboard.com. ERIC Note: For the companion report, "Trends in College Pricing, 2001," see HE 034 368. For the 2000 edition of "Trends in College Pricing," see edition 446 619. |
| Physical Description: | 27 pages. |