Financial Aid Up
The nation's independent schools increased their spending on student financial aid by an average of 64 percent between the 1978-79 and 1983-84 school years, according to statistics compiled by the National Association of Independent Schools in Boston.
The data indicate that the percentage of the schools' total budgets devoted to such aid increased by an average of three-tenths of a percentage point during the period.
Average Amount Spent
The average amount spent by member schools on student aid rose from $104,000 to $171,000 over the five-year period, according to the NAIS.
In 1983-84, the last school year for which statistics are available, the schools spent an average of 7.3 percent of their total operating budgets on financial aid, up from 7 percent five years earlier.
In addition, the proportion of students in member schools who received partial or full scholarships rose from an average of 14.1 percent to 16.6 percent over the same period.
Vol. 05, Issue 02, Page 6