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In 2008-09, about 8.5 million taxpayers benefited from federal education tax credits and deductions and nearly 6.1 million students received Pell Grants. The largest number of recipients for a campus-based program was 1.3 million for FSEOG. |
Note: Both undergraduate and graduate students are eligible for tax benefits, Perkins Loans and FWS, Federal Pell Grants, FSEOG and ACG and SMART Grants go to undergraduates only. Estimates for 2008 tax benefits are based on data from 2007 and earlier years.
Download Excel for this figure. Download Excel for all figures and tables. This figure was prepared in October 2009. - Pell Grants aided 6.1 million students in 2008-09, compared to 3.9 million in 1998-99, while the average grant per recipient grew from $2,529 (in 2008 dollars) to $2,973.
- In 2008-09, 8% of Pell recipients also
received an Academic Competitiveness
Grant (ACG),
averaging $762 per recipient. About 1% of Pell recipients also received a SMART Grant, averaging $2,833 per recipient.More - FSEOG aided almost 1.3 million students in
2008-09, compared to 1.2 million in 1998-99,
while the
average grant declined from $712 (in 2008 dollars) to $602. (FSEOG awards include institutional matching funds in addition to these federal dollars.)More - Federal Work-Study (FWS) aided 781,000 students in 2008-09, compared to 744,000 in 1998-99, while average FWS earnings declined from $1,655 (in 2008 dollars) to $1,500.
- Perkins Loans aided 504,000 students in 2008-09, down from 669,000 in 1998-99, while the average loan increased from $2,157 (in 2008 dollars) to $2,533.
