Total Aid and Nonfederal Loans in Current and Constant Dollars over Time — All Students, Undergraduate Students, and Graduate Students

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Grant aid fell from 53% of the grants, loans, tax credits and deductions, and work-study aid used to finance postsecondary education in 1993-94 to 43% in 2003-04 and 41% in 2008-09, but rose to 49% in 2013-14.

Table 4: Composition of Total Aid and Nonfederal Loans over Time

Table 4 represents Composition of Total Aid and Nonfederal Loans over Time. For a corresponding Section 508-compliant data table, see http://trends.collegeboard.org/student-aid.

Notes & Sources 

NOTES: Nonfederal loans are included in the loan totals. Percentages may not sum to 100 because of rounding.

SOURCE: Table 1.

  • Loans rose from 46% of the total aid and nonfederal loans used to finance postsecondary education in 1993-94 to 51% in 2003-04 and 53% in 2008-09, but fell to 43% in 2013-14.
  • For undergraduate students, grant aid fell from 57% of these funds in 1993-94 to 47% in 2003-04 and 45% in 2008-09, but increased to 54% in 2013-14. For graduate students, grant aid percentages for these years were 36%, 28%, 28%, and 32%, respectively.
  • For undergraduate students, loans rose from 41% of these funds in 1993-94 to 46% in 2003-04 and 48% in 2008-09, but fell to 34% in 2013-14. For graduate students, loan percentages for these years were 63%, 68%, 68%, and 62%, respectively.