Grants, Loans, and Tax Benefits per FTE Student — All Students
In 2012-13, 15.9 million FTE postsecondary students received an average of $14,979 in student aid, including $7,270 in grant aid, $6,374 in federal loans, $1,274 in tax benefits, and $61 in Federal Work-Study funding.
NOTE: The figures reported here reflect total student aid amounts divided across all students, including non-recipients. Total aid includes Federal Work-Study and education tax benefits. Loan numbers do not include private nonfederal loans, which provide funding for students but do not involve subsidies.
SOURCES: Table 1; unpublished IPEDS enrollment data.
- Total full-time equivalent (FTE) postsecondary enrollments increased at an average annual rate of 2.4% over the decade from 2002-03 to 2012-13 compared to 2.0%, 1.2%, and 2.0% per year over the preceding three decades.
- Grant aid per FTE student decreased at an average annual rate of 3.9% in inflation-adjusted dollars from 1972-73 to 1982-83, before increasing by 4.7% per year from 1982-83 to 1992-93, 3.3% per year from 1992-93 to 2002-03 and 4.5% per year from 2002-03 to 2012-13.
- Federal loans per FTE student increased at an average annual rate of 4.4% per year in inflation-adjusted dollars from 1972-73 to 1982-83, 2.8% per year from 1982-83 to 1992-93, 6.7% per year from 1992-93 to 2002-03 and 3.9% per year from 2002-03 to 2012-13.