Engineering students at Clarksville College last year received, on average, $4,210 in scholarships and grant money. This year, the average is 70% higher. What is the average this year?
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Answer:
Key Points
Federal loans per FTE graduate student declined from a peak of $19,750 in 2010-11 to $17,850 in 2014-15 before rising to $18,470 in 2018-19.
The $18,470 average federal loan per FTE graduate student in 2018-19 was more than four times as large as the $4,410 average per undergraduate student. In 2008-09, federal loans per graduate student were about three times as large as federal loans per undergraduate student.
Average total grant aid per FTE undergraduate student rose by 36% between 1998-99 and 2008-09 and by another 60% between 2008-09 and 2018-19. Average federal loan per FTE undergraduate student rose by 48% between 1998-99 and 2008-09 and fell by 18% between 2008-09 and 2018-19.
Average total grant aid per FTE graduate student rose by 24% between 1998-99 and 2008-09 and by another 23% between 2008-09 and 2018-19. Average federal loan per FTE graduate student rose by 60% between 1998-99 and 2008-09 and by another 8% between 2008-09 and 2018-19.