The National Center for Education Statistics released a new Statistics in Brief report today (October 1), entitled Profile of Very Low- and Low-Income Undergraduates in 2015–16. This report focuses on two groups of low-income undergraduate students enrolled in U.S. postsecondary institutions in 2015–16: very low- and low-income students which are defined as those whose family incomes fell below 50 percent and between 50 and 100 percent, respectively, of the federal poverty level for their family size. This report compares these students’ demographic and enrollment characteristics, financial aid, and price of attendance with those of their peers whose family incomes were above the federal poverty level.
Key findings include the following:
- Compared with above-poverty-level dependent students, higher percentages of very low- and low-income dependent students were female; were Black, Hispanic, or Asian; had parents who had not attended college; were first-or second-generation immigrants; and first learned to speak a non-English language as children.
- Very low- and low-income dependent students took out student loans at lower rates than their above-poverty-level peers did. The pattern was reversed among independent students: very low- and low-income independent students took out student loans at higher rates than their above-poverty-level peers did.
- In 2015–16, the average out-of-pocket net price faced by full-time, very low-income dependent students at private for-profit 4-year institutions was $24,200. To put this price in context, in 2015, the total family income of very low-income families living in the 48 contiguous states or DC ranged from below $7,965 for families of two to below $20,445 for families of eight.
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