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