Total Graduate Student Aid by Source and Type over Time

Grant aid increased from 27% of total aid for graduate students in 2010-11 to 31% in 2017-18. Loans declined from 68% to 66% of the total.

Figure 4: Total Graduate Student Aid in 2017 Dollars by Source and Type (in Billions), 1997-98 to 2017-18

Notes & Sources 

NOTE: Percentages may not sum to 100 because of rounding.

SOURCE: Table 1.
 

  • Grant aid made up 35% of graduate student aid in 1999-00 and 2000-01, when loans were between 60% and 61% of the total.
  • Between 2012-13 and 2017-18, institutional grants to graduate students rose by $1.3 billion in 2017 dollars (13%). Federal loans rose by $589 million (2%) and veterans benefits rose by $432 million (30%).
  • Between 1997-98 and 2007-08, federal loans for graduate students more than doubled, increasing from $13.6 billion to $29.2 billion in 2017 dollars. Federal loans for these students grew by another 29% over the next decade to $37.8 billion in 2017-18. 
  • Between 1997-98 and 2007-08, institutional grants for graduate students rose by 55%, from $4.9 billion to $7.6 billion in 2017 dollars. Institutional grants grew by another 49% over the next decade to $11.3 billion in 2017-18.