Higher Education Flipbook_2023

During the 2021–22 academic year, undergraduate students received more than $234 billion in student aid, including grants, loans, education tax benefits, and work-study programs. Federal grants* Financial Aid Federal work-study Federal education tax credits & deductions Other grants** Federal loans *Federal grants include Pell Grants and veterans benefits. **Grants from states, institutions (including colleges & universities), private parties, and employers. Source: College Board, 2022 (percentages do not total 100 due to rounding) Financial Aid 35% 0.5% 5% 44% 16%