Financial Aid for Full-Time Undergraduates
In 2015–16, 86.8 percent of full-time undergraduates (and 72.3 percent of all undergraduates) received some form of financial aid. There was considerable variation in the types of financial aid packages that students from different racial and ethnic groups received, largely because of differences in their financial circumstances and the institutions in which they enrolled. Across racial and ethnic groups, the shares of students receiving financial aid ranged from 83.7 percent of Asian students and 86.4 percent of White students to 93.0 percent of American Indian or Alaska Native students and 96.1 percent of Black or African American students. Asian students were least likely to receive financial aid; Black or African American and American Indian or Alaska Native students were most likely to receive aid.
U.S. Department of Education, National Postsecondary Student Aid Study, 2016