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Document Number: 7060

Student Financing of Undergraduate Education: 2003-04 - This report provides detailed information about undergraduate tuition and total price of attendance at various types of institutions, the percentage of students receiving various types of financial aid and the average amounts that they received. Selected finding include: (1) in 2003-04, 75% of all full-time undergraduates received some type of financial aid, with 50% taking out student loans ($6,200 average), and 62% receiving grants ($5,600 average); (2) the average tuition and fees for full-time undergraduates in 2003-04 were $2,000 at public 2-year, $5,400 at public 4-year and $18,400 at private not-for-profit 4-year institutions; (3) the total price of attendance for full-time undergraduates was $10,500 at public 2-year, $15,200 at public 4-year, and $28,300 at private not-for-profit 4-year institutions; and (4) after subtracting all financial aid (including loans), the average out-of-pocket net price of attendance for full-time low-income dependent undergraduates was $6,000 at public 2-year, $5,600 at public 4-year and $9,200 at private nonprofit 4-year institutions. (Lutz Berkner and Christina Chang Wei, National Center for Education Statistics, August 2006) ...


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Postsecondary Affordability

 
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