college-student-financial-statistics

College Student Financial Aid Statistics

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Undergraduate Student Aid by Source and Type Amount (in Billions) Percent
Federal Grant Programs other than Pell $13,400,000,000 7 %
Federal Pell Grants $34,500,000,000 19 %
Federal Work-Study $900,000,000 <1 %
Federal Loans $70,800,000,000 38 %
Federal Education Tax Credits and Deductions $16,400,000,000 9 %
State Grants $9,800,000,000 5 %
Institutional Grants $32,800,000,000 18 %
Private and Employer Grants $6,600,000,000 4 %
Total Federal, State, Institutional, and Private Aid Given Out $185,058,000,000 100 %
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Graduate Student Aid by Source and Type Amount (in Billions) Percent
Federal Grant Programs other than Pell $1,400,000,000 3 %
Federal Work-Study $100,000,000 <1 %
Federal Loans $34,500,000,000 67 %
Federal Education Tax Credits and Deductions $1,800,000,000 4 %
State Grants $100,000,000 <1 %
Institutional Grants $9,300,000,000 18 %
Private and Employer Grants $4,400,000,000 9 %
Total Federal, State, Institutional, and Private Aid Given Out $51,664,000,000 100 %
Federal Aid Programs Average Aid per Recipient Number of Recipient
Federal Education Tax Benefits $ 1,390 13,100,000
Federal Pell Grant $ 3,685 9,400,000
Subsidized Stafford Loans $ 3,645 9,400,000
Unsubsidized Stafford Loans $ 4,247 8,800,000
FSEOG $ 528 1,400,000
Federal Work-Study $ 1,422 684,000
Post/9-11 GI Bill Veterans Benefits $ 15,736 594,000
Perkins Loan $ 1,852 524,000
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Statistic Sources & References
Sources: College Board, National Center for Education Statistics
Content Author: Statistic Brain

Date research was conducted: August 11, 2016

College Student Financial Aid Statistics

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