The purpose of this study was to find out if the demographic variables of country of origin, generation in the United States (immigration status), income and parental education had an impact on the financial aid packages of Hispanic undergraduate students. This dissertation asked: What is the relation between generation in the United States, socioeconomic status, and Hispanic origin with the way Hispanics finance their higher education? The study used National Post Secondary Aid Study 2004 data set as the information source for this analysis. The sample size of undergraduates who participated in NPSAS 2004 was 90,750 and 12.7% were of Hispanic ethnicity. The research question was answered first by a comparison of the financial aid packages by source and type of financial aid of Hispanic and non-Hispanic students using a Chi Square analysis. The financial aid packages of Hispanic students were also compared between Hispanic groups using a Chi Square analysis. After the Chi Square analyses eight of the most relevant financial aid variables were analyzed through a One Way ANOVA first comparing Hispanic to non-Hispanic students, and second comparing between Hispanic origins. The One Way ANOVA analysis between Hispanics and non-Hispanics addressed if income, parental education and generation in the United Stated had an impact on the amount of financial aid Hispanic students received compared to non-Hispanic students. The information was compared taking into consideration institutional sector, enrollment status and also type of Hispanic origin. The statistical analysis of the financial aid packages of Hispanic students as compared to non-Hispanic students showed that differences in amount of aid occurred only in total state aid, total need based grant aid, and total federal work study. Additionally, there were differences between Hispanic groups in all of the eight financial aid variables analyzed, which means some Hispanic groups receive more financial aid monies than others. When the study controlled for parental education most of the differences between Hispanics and non-Hispanics disappeared. Lastly, most of the eight financial aid variables studied showed no differences between Hispanic groups by citizenship status, which was the variable used to measure generation in the U.S. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]