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Exhibit 40

Aggregate Costs of Attendance versus Aggregate Financial Aid Funds

Exhibit 40 shows the gap between the cost of higher education and the amount of financial aid available for fiscal years 2001 through 2006. The data is in millions of constant 2006 dollars.

Fiscal
Year
Aggregate Cost of
Attendance (Millions)
All Financial Aid (Millions) Difference (Millions)
FY2001 $5,262 $2,954 $2,308
FY2002 $5,898 $3,297 $2,601
FY2003 $6,782 $3,799 $2,983
FY2004 $7,796 $4,306 $3,490
FY2005 $8,426 $4,623 $3,803
FY2006 $8,712 $4,765 $3,947

The percent change in the gap between costs and aid between fiscal 2001 and 2006 was 71%.

Source: Texas Higher Education Coordinating Board

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