Total Student Aid by Source and Type
In 2012-13, federal loans constituted 43% of the $238.5 billion in financial aid for postsecondary students.
NOTE: Percentages may not sum to 100 and components may not sum to total because of rounding. See Notes and Sources for a list of programs included in federal grant programs. Nonfederal loans are not included because they involve no subsidy and are not actually a form of financial aid.
SOURCE: Table 1.
- Federal grants constituted 20% and grants from other sources contributed 29% of the financial aid used by undergraduate and graduate students combined.
- The $1 billion in Federal Work-Study funds constituted less than 1% of all student aid in 2012-13.