Most students receive financial aid. In 2013-14, more than $184 billion in financial aid was awarded to undergraduate students. The average amount of aid for a full-time undergraduate student was about $14,200, including more than $8,000 in grants that don’t have to be repaid.
So despite all the talk about high prices and price increases, a college education remains an affordable choice for most families. Learn more about how financial aid works.
Note: Price and aid figures are from the College Board's Trends in College Pricing 2014 and Trends in Student Aid 2014. Learn more online at our Trends in Higher Education website.