The University provided more financial aid in the form of grants and scholarships in the 2010-11 school year, a trend that helps ease student debt after graduation, administrators said.
In 2010-11, 74 percent of students’ financial need was met through grants and scholarships.
Amid the highest tuition hikes in school history, Steve Farmer, vice provost for enrollment and undergraduate admissions, said there has never been a time when more students were interested in financial aid.
The number of undergraduate students who demonstrated need and received it, has increased significantly from 2009, rising from 37 to 43 percent.
Professor Charles Daye, chairman of the committee on scholarships, awards and student aid, presented the annual report on financial aid for the 2010-11 school year at the committee’s spring meeting Wednesday.