Schools use statistics to see how many students normally use financial aid. Look for financial aid statistics for a specific school by visiting their Web site with help from a financial aid officer in this free video on financial aid and student loans.
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Hi, my name is Brook Kramer, and I'm the financial aid officer at Argosy University in Salt Lake City, and today we're talking about financial aid statistics. Now this is a pretty broad question, there are a lot of different types of statistics you can look at for financial aid. Most specifically for statistics, schools see how many students normally use financial aid, what quantity of students come into the school, and so forth. So for example, at Argosy, about 80 percent of our students, well about 80 to 90 percent of our students, use financial aid in order to fund their schooling. This would include scholarships, as well as student loans, and grants and so forth. Now the largest percent of our students do use student loans for financing, as well as that's a pretty nationwide average that student loans are used... are most commonly used among universities. A next percentage would be grants. You do have to have a high need, financial need for grants in order to qualify for those. If you do need more information about statistics about your school, definitely check out your university, and they should have statistics posted on their websites. If you have any other questions, please feel free to check out our website at www.argosy.edu.