What percentage of undergraduate students receive some form of financial aid?

The percentage of undergraduate students receiving some form of financial aid is notably high because financial aid is crucial for making college accessible to a larger number of students. This encompasses a variety of aid sources, including federal grants, state aid, institutional scholarships, and loans. The statistic of 91% reflects the reality of the financial landscape for many students, highlighting the reliance on financial assistance to help cover tuition, fees, and living expenses.

Understanding this percentage is important for prospective students and their families as it emphasizes the support available to help manage the costs of higher education. It also indicates that the majority of students are likely to benefit from some form of financial assistance, thus underlining the importance of applying for financial aid to ease the financial burden of pursuing a degree. Other percentages quoted do not accurately capture the current state of financial aid distribution among undergraduates, positioning the chosen answer as the most reflective of the reality for students today.