Ninety percent of all undergraduate students at HBCUs received some type of financial aid
2 in 2019–20. Specifically, 83 percent received grants,
3 65 percent took out student loans,
4 4 percent received work-study awards,
5 2 percent received federal veterans education benefits,
6 and 18 percent had parents who took out federal Direct PLUS Loans (
source).
Among undergraduates at HBCUs who received any financial aid in 2019–20, the average total amount received was $17,300. The average amount received from grants was $9,200, and the average amount received from loans directly to students was $7,700 (
source).
Student financial aid comes from federal, state, and institutional sources.
Among undergraduates at HBCUs in 2019–20, 82 percent received federal aid, 27 percent received state aid, and 35 percent received institution aid (
source). The average amounts for students receiving financial aid from these sources were $13,200, $3,400, and $6,400, respectively (
source).