ERIC Number: ED243370
Record Type: RIE
Publication Date: 1984-Apr
Reference Count: 0
Financial Aid for Full-Time Undergraduates. Higher Education Panel Report Number 60.
Andersen, Charles J.
The level and composition of student financial aid for undergraduate students were estimated, with attention to estimated number of aid recipients, the total amount they received, the distribution of aided students by their families' income level, the composition of their aid packages, and the use of computers in the administration of aid. In addition, information was obtained on the sources used by the institutions in developing their standards for eligibility for continued student support from federal aid programs. Findings include the following: nationally, 51 percent of full-time undergraduates received some form of financial aid; 46 percent of the students attending less costly institutions (where costs were less than $3,000 per year) received aid, compared with 59 percent of students attending the more expensive institutions; in 1982-1983, $7.7 billion of aid was distributed, excluding funds from Guaranteed Student Loans and from social security and veterans' benefits programs; federal programs funded more than half of the aid distributed in 1981-1982 and in 1982-1983; and 40 percent of dependent aided students came from families with annual incomes under $15,000, while 22 percent came from families with incomes of $30,000 or more. Detailed statistical tables, the study questionnaire, and technical notes are appended. (SW)
Publication Type: Numerical/Quantitative Data; Reports - Research; Tests/Questionnaires
Education Level: N/A
Sponsor: National Endowment for the Humanities (NFAH), Washington, DC.; Department of Education, Washington, DC.; National Science Foundation, Washington, DC.
Authoring Institution: American Council on Education, Washington, DC. Higher Education Panel.