How Much Aid Are Students Getting?
$241.3 billion:The total amount of aid that undergraduate and graduate students received in 2017-18 from all grants, loans, tax credits, and work-study. (Table 1)
Average aid per full-time equivalent (FTE) student in 2017-18 was:
- $14,790 per undergraduate student
- $27,230 per graduate student
For the average amount of aid per student over time, see Figure 1.
$129.4 billion: The total amount of grant aid received by undergraduate and graduate students in 2017-18.
For more on total grants, see Figure 5.
Federal grant aid: In 2017-18, total federal grant aid was $41.7 billion including $28.2 billion in Pell Grants. Since 2010-11, federal grant aid—including Pell Grants—has been declining as a proportion of the total grant aid.
For more on Pell Grants, see Figures 20A, 20B, 21A, 21B.
State grants: Aid from states has been increasing over the past 5 years, and the amount varies by state. In 2016-17, state grant aid per FTE undergraduate student ranged from less than $200 in 9 states to over $1,000 in 13 states.
For more on state grants, see Figures 23A, 23B, 24A, 24B.
Institutional grant aid: Aid from colleges and universities is the only type of grant aid that grew rapidly over the past 5 years, from $48.4 billion (in 2017 dollars) in 2012-13 to $60 billion in 2017-18.
For more on institutional grants, see Figures 25A, 25B.
Aid from Loans
$105.5 billion: The total amount that parents and students borrowed to pay for postsecondary education in 2017-18.
- This was the seventh consecutive year that borrowing declined.
For more on federal and nonfederal loans, see Figure 6.
$28,500: The average amount borrowed by 2016-17 bachelor’s degree recipients who took out loans to pay for college. This is a 3% increase over the average amount borrowed in 2011-12.