1. Trends in Higher Education Series 2005

3. Trends in Higher Education Series 2005, October 18, 20053 www.collegeboard.com Ten-Year Trend in Funds Used to Finance Postsecondary Education Expenses, 1994-95 to 2004-05

4. Trends in Higher Education Series 2005, October 18, 20054 www.collegeboard.com Total Student Aid by Type Estimated Student Aid by Source for Academic Year 2004-05 in Current Dollars (in Billions)

5. Trends in Higher Education Series 2005, October 18, 20055 www.collegeboard.com Types of Grants and Loans Growth of Federal, Institutional, Private/Employer, and State Grant Dollars in Constant (2004) Dollars, 1996-97 to 2004-05 Growth of Stafford, PLUS, and Nonfederal Loan Dollars in Constant (2004) Dollars, 1996-97 to 2004-05

6. Trends in Higher Education Series 2005, October 18, 20056 www.collegeboard.com Source: National Center for Education Statistics (NCES), National Postsecondary Student Aid Student (NPSAS), 2004 undergraduates, Data Analysis System (DAS); calculations by the authors. Student Debt Levels Debt Levels of Undergraduate Degree Recipients, 2003-04

7. Trends in Higher Education Series 2005, October 18, 20057 www.collegeboard.com Distribution of Federal Aid by Type of Institution, 2004-05

8. Trends in Higher Education Series 2005, October 18, 20058 www.collegeboard.com Grants and Loans for Undergraduate and Graduate Students Percent Share of Total Aid, 1994-95 to 2004-05

9. Trends in Higher Education Series 2005, October 18, 20059 www.collegeboard.com Average Student Aid Per Full-Time Equivalent Student 1984-85 to 2004-05

10. Trends in Higher Education Series 2005, October 18, 200510 www.collegeboard.com Pell Grants Maximum Pell Grant As a Percentage of Published Tuition, Fee, Room & Board Charges at Public and Private Four- Year Colleges & Universities, 1985-86 to 2004-05

11. Trends in Higher Education Series 2005, October 18, 200511 www.collegeboard.com Pell Grants Number of Pell Grant Recipients,1984-85 to 2004-05 Total Pell Expenditures, Maximum Pell Grant, and Average Pell Grant in Constant (2004) Dollars, 1984-85 to 2004-05

12. Trends in Higher Education Series 2005, October 18, 200512 www.collegeboard.com Source: Based on annual survey of National Association of State Student Grant and Aid Programs (NASSGAP). State Grants to Undergraduate Students Total Need-Based and Non-Need-Based State Grants in Constant (2004) Dollars, 1969-70 to 2003-04

13. Trends in Higher Education Series 2005, October 18, 200513 www.collegeboard.com Source: David Mundel, unpublished reports, 2005; based on NPSAS: 2003-04. Institutional Grants: Private Colleges and Universities Average Institutional Grant and Average Pell Plus State Grant Per Full-Time Dependent Student by Family Income Level and Price Level, 2003-04

14. Trends in Higher Education Series 2005, October 18, 200514 www.collegeboard.com Institutional Grants: Private Colleges and Universities Average Institutional Grant and Average Pell Plus State Grant Per Full-Time Dependent Student by Family Income Level and Price Level, 2003-04 Source: David Mundel, unpublished reports, 2005; based on NPSAS: 2003-04.

15. Trends in Higher Education Series 2005, October 18, 200515 www.collegeboard.com Income Distribution of Dependent Students by Tuition Level, Private Four-Year Institutions, 2003-04

16. Trends in Higher Education Series 2005, October 18, 200516 www.collegeboard.com Source: David Mundel, unpublished reports, 2005; based on NPSAS: 2003-04. Institutional Grants: Public Colleges and Universities Average Institutional Grant and Average Pell Plus State Grant Per Full-Time Dependent Student by Family Income Quartiles, 2003-04

17. Trends in Higher Education Series 2005, October 18, 200517 www.collegeboard.com Note: Loan aid includes federal loans only, not private nonfederal loans. Growth in Tuition and Fees, Income, and Aid Inflation-Adjusted Changes in Tuition & Fees, Family Income, and Student Aid, 1984-85 to 1994-95 and 1994-95 to 2004-05

18. Trends in Higher Education Series 2005, October 18, 200518 www.collegeboard.com Source: College Savings Plans Network (National Association of State Treasurers. College Savings Plans Total Assets in Section 529 College Savings Plans, 1996 to 2005 Number of Section 529 Accounts (with Average Savings), 1996 to 2005

19. Trends in Higher Education Series 2005, October 18, 200519 www.collegeboard.com Source: Individual Income Tax Returns, Preliminary Data 2003, Source: Individual Income Tax Returns, Preliminary Data 2003, Individual Income Tax Rates and Shares, 2002; calculations by the authors. Federal Education Tax Credits and Tuition Deductions Federal Education Tax Credits: Distribution of Savings by Adjusted Gross Income Level, 2003 Federal Tuition and Fee Deduction: Distribution of Savings by Adjusted Gross Income Level, 2003

20. Trends in Higher Education Series 2005, October 18, 200520 www.collegeboard.com Sandy Baum Senior Policy Analyst The College Board Sbaum@collegeboard.org 202 741-4728