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The percentages of students with financial aid and average amounts received varied by the level of the degree program. Among full-time, full-year students, 88 percent each of students at the doctoral and first-professional levels received aid, compared with 79 percent of students at the master's level. Among full-time, full-year students with grants, doctoral students received larger average amounts of grant aid (about $13,400) than did master's ($7,600) or first-professional ($6,900) students. However, full-time, full-year first-professional students took out larger loans, on average, than did their counterparts at the other two levels ($20,100 vs. $14,800 for master's students and $14,100 for doctoral students).

Table A.—Percentage of full-time, full-year graduate and first-professional students who received any financial aid, grants, or loans and, for aided students, average amount, by type of degree and institution: 1999–2000

Type of degree and institution	Any aid		Grants		Loans
Type of degree and institution	Percent	Amount	Percent	Amount	Percent	Amount
Total	82.2	$19,521	48.6	$8,930	53.7	$16,728
Master's degree	79.2	16,431	46.7	7,606	50.2	14,791
Public	78.5	14,036	46.4	6,579	44.4	11,585
Private not-for-profit	80.6	19,758	48.2	9,065	57.7	17,903
Doctoral degree	88.0	22,663	62.4	13,372	29.3	14,085
Public	89.4	19,047	62.1	9,842	26.2	10,628
Private not-for-profit	87.3	28,634	64.1	18,691	34.4	18,179
First-professional degree	88.1	22,803	45.2	6,942	80.4	20,141
Public	88.6	18,832	46.0	4,863	81.8	16,738
Private not-for-profit	88.4	26,043	44.9	8,673	79.9	22,961

NOTE: Total includes students in other types of graduate programs and at private for-profit institutions. Any aid includes assistantships and work-study as well as grants and loans.

SOURCE: U.S. Department of Education, National Center for Education Statistics, 1999–2000 National Postsecondary Student Aid Study (NPSAS:2000).

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Financial Planning The AAFM is a global leader in financial training and certification for finacnial professionals in financial analyst and wealth management training in alliance with 560 accredited business schools.

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