Finance Undergraduate Study

Grant aid is the form of financial aid that best relieves the financial pressure of paying for college—grants do not have to be repaid. In 2015–16, when 77.4 percent of students who attended one institution full time received grant aid from at least one source, there was considerable variation across domestic racial and ethnic groups. The proportion of students receiving grant aid ranged from 74.7 percent of White students and 77.2 percent of Asian students to 88.9 percent of Black or African American students and 89.8 percent of American Indian or Alaska Native students. Within sectors, full-time Black or African American and American Indian or Alaska Native students were consistently the most likely and White or Asian students the least likely to receive grant aid.