The Student Financial Aid survey collects the count of students awarded different types of financial aid or military education benefits and the total amounts of aid awarded. The average dollar amount of aid awarded is then calculated. As required by the Higher Education Act (1965), as amended, IPEDS also collects data to calculate average net price at each institution for two groups of undergraduates: those awarded grant aid and those awarded Title IV federal aid.
Data collected include:
- Counts of undergraduate students awarded aid and amounts of aid,
- Counts of full-time, first-time undergraduate students awarded aid and amounts of aid, and
- Counts of undergraduate and graduate students receiving military education benefits.
IPEDS Financial Aid Survey components provides additional information related to the data reported.