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Statistical Brief: Dollars for Scholars — Postsecondary Costs and Financing

Report Number SB/94-21

Finding a way to finance a higher education may be as much of a challenge as the course material! Fortunately, many students – though not all – are able to obtain financial assistance.

Using data collected by the Census Bureau’s Survey of Income and Program Participation (SIPP), this Brief examines how likely it was for a postsecondary student to have received financial aid during the 1990-91 school year. These statistics are shown by income level, sex, race, enrollment level, and dependency status. It also examines the sources and amounts of aid they got.

Postsecondary students are high school graduates aged 17 and over who were enrolled in postsecondary school at some point during the 1990-91 school year. Those who took only one course or dropped out before completing the term are included. In 1990-91, just over one-third of these students were enrolled in the first two years of college, one-quarter in the third or fourth years, and about one-fifth each in the fifth year or higher and in some type of noncollegiate postsecondary school.


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