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Grants play a much larger role in the typical financial aid packages of undergraduate students than those of graduate students, while graduate students are more dependent on loans. |
Percentages in Figure 10b are as a portion of the total amount of postsecondary funding described in Table 1, including nonfederal loans in addition to financial aid (grants, federal loans, tax credits and deductions, and Federal Work-Study). In addition to the sources included here, students rely on funds from their families and from their own earnings and savings, and borrow from other sources. Graduate students also receive fellowships and research assistantships, which are considered compensation.
Download Excel for this figure. Download Excel for all figures and tables. This figure was prepared in October 2009. - From 2004-05 through 2008-09, grant aid has consistently constituted 44% to 46% of the
combined funds from all student aid and nonfederal loans for undergraduate students, and 31% to 32% for graduate students.More
- Since 1998-99, work aid and tax benefits combined have constituted 5% to 7% of funds for undergraduate students, and 2% to 4% of funds for graduate students.
Also Important
- For graduate students, total loan dollars grew by 106% ($14,862 billion in constant dollars), while graduate FTE enrollment grew by 37%, or 502,721 students.
