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Private Four-Year Colleges and Universities:
HIGHER-TUITION

(TUITION ABOVE $15,000)

AVERAGE TUITION: $18,500
AVERAGE TOTAL PRICE INCLUDING LIVING AND OTHER EXPENSES: $26,250

Who received aid, how much aid they received, and how much aid was left over for other expenses
  For those students who received financial aid:
Family income level Percent of students who received any type of financial aid Most got between: Percent whose tuition was fully covered After paying tuition, aid was used for living expenses and other educational needs. Such aid ranged between:
Below $20,000 80% $14,300 & $23,750 59% 0 & $5,400
$20,000-40,000 92% $13,900 & $23,400 58% 0 & $4,650
$40,000-60,000 80% $10,500 & $19,750 43% 0 & $2,400
$60,000-80,000 63% $8,200 & $19,400 27% 0 & $250
$80,000-100,000 62% $5,900 & $17,000 16% 0 & 0
Above $100,000 41% $3,250 & $15,500 20% 0 & 0
SOURCE: U.S. Department of Education, National Center for Education Statistics, National Postsecondary Student Aid Study:
1995-96

 

Combinations of financial aid that students received
  Percent of students who received
Family income level No aid Grants only Loans only Grants and loans Work study Grants, loans, and work study
Below $20,000 20% 12 2 25 4 36
$20,000-40,000 9% 12 3 24 3 50
$40,000-60,000 21% 12 4 24 3 37
$60,000-80,000 37% 9 4 23 3 24
$80,000-100,000 39% 13 6 19 3 20
Above $100,000 59% 15 10 7 3 6
SOURCE: U.S. Department of Education, National Center for Education Statistics, National Postsecondary Student Aid Study:
1995-96.

Average amounts of grant, loan, and work-study aid received

Grant Aid
Family income level Percent who got grants Students who got grants received between:
Below $20,000 76% $8,650 & $17,950
$20,000-40,000 88% $7,850 & $18,050
$40,000-60,000 74% $5,900 & $13,400
$60,000-80,000 57% $5,000 & $10,750
$80,000-100,000 52% $2,600 & $8,300
Above $100,000 30% $2,000 & $8,750
Loan Aid
Family income level Percent who got loans Students who got loans received between:
Below $20,000 63% $3,600 & $6,100
$20,000-40,000 76% $3,500 & $6,400
$40,000-60,000 65% $3,500 & $6,500
$60,000-80,000 52% $3,500 & $7,100
$80,000-100,000 46% $3,500 & $5,600
Above $100,000 24% $3,500 & $15,500
Work-study Aid
Family income level Percent who got work-study Students who got work-study received between:
Below $20,000 40% $1,300 & $2,000
$20,000-40,000 52% $1,200 & $1,800
$40,000-60,000 39% $1,000 & $1,800
$60,000-80,000 26% $1,000 & $1,800
$80,000-100,000 23% $950 & $1,800
Above $100,000 9% $1,000 & $2,000
SOURCE: U.S. Department of Education, National Center for Education Statistics, National Postsecondary Student Aid Study:
1995-96.

* Figures in this handbook are based on national surveys. In some cases, not enough people fall into a particular category of interest to provide reliable estimates.