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In addition to the decline in those receiving public assistance, other demographic changes were observed among single parents enrolled during these years. No measurable change in the percentage receiving financial support was found among single parents enrolled in private for-profit less-than-4-year institutions in 1989-90 and 1999-2000 (96 percent to 94 percent) (table A-4. Among full-time, full-year undergraduates who received financial aid, average percentage of the price of attendance that was covered by aid, by dependency status and family income: 1989-90, 1992-93, 1995-96, and 1999-2000 Dependency status and family income 1989-90 1992-93 1995-96 1999-2000 Total 46.

Calculations include only those who received any type of financial aid.

The price of attendance is equal to total tuition plus estimated living expenses for the academic year. Excluded are students enrolled at institutions other than the four major sectors (i.

To have full-time, full-year status, students must be enrolled full time during the academic year for 8 or more months at public 2-year, public 4-year, and private not-for-profit 4-year institutions, or 6 or more months at private for-profit less-than-4-year institutions. Department of Education, National Center for Education Statistics, 1989-90, 1992-93, 1995-96, and 1999— 2000 National Postsecondary Student Aid Studies (NPSAS:90, NPSAS:93, NPSAS:96, and NPSAS:2000). These factors also may have been related to their eligibility for need-based financial aid. Grants The percentage of full-time undergraduates receiving grant aid from all sources increased from 51 percent to 60 percent between 1989-90 and 1999-2000 (table 5).

These changes are discussed in further detail in the sections describing the trends for each institutional sector. Those with incomes above the median, however, were less likely to receive a Pell Grant in 1999-2000 than in 1989-90. The maximum Pell Grant award is established during reauthorization of the Higher Education Act but the operational maximum is determined each year by the annual Congressional appropriation. The amount awarded to each Pell Grant recipient is calculated by subtracting the expected family contribution (EFC) from the maximum Oklahoma payday advance Pell Grant.

The average amount that Pell Grant recipients received 1 7 When analyzed by institution type, no change in likelihood of receiving grant aid was observed among those enrolled at private for-profit less-than-4-year institutions (table A-4.

Percentage of full-time, full-year undergraduates who received grants and average annual grant amount received by those who received grants (in constant 1999 dollars), by dependency status and family income: 1989-90, 1992-93, 1995-96, and 1999-2000 Dependency status and family income 1989-90 1992-93 1995-96 1999-2000 Total 50. Excluded are students enrolled at institutions other than the four major sectors (i.

To have full-time, full-year status, students must be enrolled full time during the academic year for 8 or more months at public 2-year, public 4-year, and private not-for-profit 4-year institutions, or 6 or more months at private for-profit less-than-4-year institutions.

Estimates for the 1989-90, 1992-93, and 1995-96 academic years were adjusted for inflation using the Consumer Price Index for All Urban Consumers (CPI-U). Department of Education, National Center for Education Statistics, 1989-90, 1992-93, 1995-96, and 1999-2000 National Postsecondary Student Aid Studies (NPSAS:90, NPSAS:93, NPSAS:96, and NPSAS:2000). NOTE: Limited to undergraduate students who were U. Excluded are students enrolled at institutions other than the four major sectors (i. To have full-time, full-year status, students must be enrolled full time during the academic year for 8 or more months (for public 2-year, public 4-year, and private not-for-profit 4-year institutions) and 6 or more months (for private Oklahoma payday advance for-profit less-than-4-year institutions). Estimates for the 1989-90, 1992-93, and 1995-96 academic years were adjusted for inflation using the Consumer Price Index for All Urban same day loans Louisiana Consumers (CPI-U).

Department of Education, National Center for Education Statistics, 1989-90, 1992-93, 1995-96, and 1999-2000 National Postsecondary Student Aid Studies (NPSAS:90, NPSAS:93, NPSAS:96, and NPSAS:2000). HEA-92 changed the way the Pell Grant was administered in a number of ways. The Student Aid Index was more advantageous for independent students. In 1989-90, independent students with incomes in the upper middle and highest income quarters received Pell Grants at the rates of 46 percent and 16 percent respectively, compared to dependent students in the same income quarters who had rates of 5 percent and 1 percent. HEA-92 eliminated the Student Aid Index and instituted in its place the federal Expected Family Contribution (EFC) methodology currently used for calculating eligibility for all federal need-based aid.

Dependent students in the higher income quarters also were less likely to receive Pell Grants in 1999-2000 than in 1989-90 (upper middle quarter: 1 percent vs. In addition to eliminating the Student Aid Index, HEA-92 also removed the original three-part formula that determined the size of Pell Grants and limited them to 60 percent of the student budget. No measurable change was detected in the average Pell Grant award received by those enrolled at the other three institutional sectors included in this study: Oklahoma payday advance public 4-year, private not-for-profit 4-year, and private for-profit less-than- 4-year (tables A-2. Loans Federal loans Iowa unsecured loans constitute the bulk of all loans taken out by postsecondary students. The two types of federal loans most commonly used are the subsidized Stafford loan and the unsubsidized Stafford loan. Depending on their eligibility for need-based aid, students may qualify for either type of loan or both.

Students must demonstrate financial need to qualify for this type of loan. These loans may be obtained without demonstrating financial need. The passage of HEA-92 resulted in substantial changes to the federal Stafford loan programs that generally went into effect after the 1992-93 academic year. The Supplemental Loans for Students (SLS) program was phased out.

Only needy dependent undergraduates under exceptional circumstances could take out an unsubsidized loan through the SLS program, after they had reached the borrowing limit for subsidized loans. The unsubsidized Stafford loan program was instituted in place of the SLS program. The unsubsidized Stafford loan program allows dependent as well as independent students to take out unsubsidized loans separately or use them to supplement a subsidized Stafford loan. After the restriction on dependent students was lifted, the overall rate at which all full-time, full-year undergraduates borrowed unsubsidized loans increased from 3 percent to 23 percent between 1989-90 and 1999-2000. Independent undergraduates also were more likely to borrow a federal unsubsidized loan in 1999-2000 than in 1989-90 (35 percent vs. The annual and cumulative loan limits for subsidized and unsubsidized Stafford loans were raised for both dependent and independent students.