Number of Recipients by Federal Aid Program, 2017-18

Federal education tax credits and deductions reached an estimated 12.0 million students in 2016-17, 5.0 million more than the 7.0 million Pell Grant recipients

in 2017-18.

Figure 7: Number of Recipients by Federal Aid Program (with Average Aid Received), 2017-18

Notes & Sources 

NOTES: Data on tax benefits are estimated for 2016-17. FSEOG and FWS amounts represent federal funds only. Institutions provide matching funds so the awards that students receive under these programs are larger than these federal aid amounts. Perkins Loans are made from revolving funds on campus. No new federal outlays have been provided since 2005-06, but originally the funds came partly from the federal government and partly from institutional sources.

SOURCES: See Notes and Sources for a list of sources of data on federal aid programs.

  • In 2017-18, an estimated 601,000 students received Federal Work-Study (FWS) funding.
  • In 2017-18, the total number of borrowers in the subsidized and unsubsidized Direct Loan programs was 7.9 million—less than the sum of the number of recipients in each program because about two-thirds of all borrowers participated in both programs.