This E.D. TAB is the second publication based on the 2003-04 National Postsecondary Student Aid Study (NPSAS:04) conducted by the National Center for Education Statistics (NCES) within the U.S. Department of Education. NPSAS is a comprehensive survey that examines how students and their families pay for postsecondary education. This E.D. TAB focuses only on undergraduates, including separate tables for those who attended public 4-year, private-not-for-profit 4-year, public 2-year, or private for-profit postsecondary institutions during the 2003-04 academic year. It describes average tuition and fees, average total price of attendance, and the percentages of undergraduates receiving various types and combinations of financial aid and average amounts received, with a particular focus on grants and loans. The results show that 63 percent of all undergraduates enrolled in 2003-04 received some type of financial aid. About one-half (51 percent) of undergraduates received grants and about one-third (35 percent) took out student loans. The average amount of grants received was $4,000, and the average amount borrowed by undergraduates in 2003-04 was $5,800.
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