College Financial Aid

In the 2006-2007 academic year there was more than $130 US billion distributed in financial aid to both graduate and undergraduate students. These included student grants from various sources, federal student loans, work-study programs and even tax credits and deductions. Additionally, students borrowed over $18 US billion from private sources and state institutions to finance their education. In total this was an increase of 82% over the 10 years from 1996-1997 to 2006-2007, and financial aid to both undergraduate and graduate students increased at roughly the same rate.