Education Report Roundup

Most Full-Time Undergraduates Receive Financial Aid, Report Finds

By Alyson Klein — September 05, 2006 1 min read

Three-quarters of all full-time undergraduate college students received some sort of financial aid during the 2003-04 academic year, according to a report by the National Center for Education Statistics.

“2003–04 National Postsecondary Student Aid Study” is published by the National Center for Education Statistics.

The federal report found that that the average amount of annual aid per student was $9,900. About half of students took out loans, of about $6,200 on average, and 62 percent received grants, averaging about $5,600.

Forty percent received both grants and loans, for an average total aid package of $13,600. About one quarter of full-time undergraduate students had their entire tuition covered by grant aid.