Student Aid and Nonfederal Loans in Current Dollars over Time

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The data reported here have not been adjusted for inflation. In other words, Table 2 reports actual expenditures each year. Comparisons over time should be interpreted with caution because of changes in the purchasing power of dollars.

Table 2: Student Aid and Nonfederal Loans in Current Dollars (in Millions), 1970-71 to 2017-18

Notes & Sources 

NOTES: Table 2 excludes a variety of small federal grant and loan programs as well as some small programs for veterans and members of the military. Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal Work-Study (FWS) funds reflect federal allocations and do not include the required matching funds from institutions. 2017-18 FSEOG, FWS, tax benefits, state grants, institutional grants, private and employer grants, and nonfederal loans are estimated from earlier data. Components may not sum to totals because of rounding.

SOURCES: See Notes & Sources for a list of sources for data included in Table 2.