Total Undergraduate and Graduate Student Aid by Source and Type, 2016-17
In 2016-17, federal loans constituted 32% of all financial aid for undergraduates and 63% of the aid for graduate students.
Figure 2: Total Undergraduate and Graduate Student Aid by Source and Type (in Billions), 2016-17
Notes & Sources
Notes: Percentages on the vertical axis represent each type of aid as a percentage of the total. Loans reported here include only federal loans to students and parents. Percentages may not sum to 100 because of rounding.
Source: Tables 1A and 1B.
- In 2016-17, institutions provided an estimated $46.1 billion in grant aid to undergraduate students—25% of total undergraduate aid. Institutions provided $12.6 billion in grant aid to graduate students—22% of total graduate student aid.
- In 2016-17, Federal Work-Study and Federal Supplemental Educational Opportunity Grants combined provided $1.5 billion—1% of total aid to undergraduate students.