Archived Information

Financing Postsecondary Education: The Federal Role - October 1995

Table 1. Aid Awarded to Postsecondary Students in Current Dollars
(in Millions)

Academic Year
Federally Supported Programs 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 Estimated
1993-94
Preliminary
1994-95
   Generally Available Aid
      Pell Grants 3,567 3,441 3,736 4,471 4,768 4,910 5,777 6,177 5,652 5,650
      SEOG 410 400 419 422 445 453 498 554 564 554
      SSIG 76 73 75 72 71 59 62 71 72 73
      CWS 656 629 635 625 663 728 760 780 771 760
      Perkins Loans 703 763 805 874 903 870 868 892 919 972
      Income Contingent Loans 0 0 5 5 6 6 5 5 0 0
      Ford Direct Student Loans 0 0 0 0 0 0 0 0 0 1,737
        (Subsidized Stafford Loans) 0 0 0 0 0 0 0 0 0 (1,089)
        (Unsubsidized Stafford Loans) 0 0 0 0 0 0 0 0 0 (478)
        (PLUS) 0 0 0 0 0 0 0 0 0 (170)
      Family Education Loans 8,839 9,102 11,385 11,985 12,151 12,669 13,993 14,914 21,182 22,936
        (Subsidized Stafford Loans) (8,328) (8,330) (9,119) (9,319) (9,508) (10,002) (10,805) (10,937) (14,123) (14,104)
        (Unsubsidized Stafford Loans) 0 0 0 0 0 0 0 (323) (2,033) (7,139)
        (SLS) (269) (520) (1,830) (2,015) (1,835) (1,710) (2,022) (2,375) (3,477) (32)
        (PLUS) (242) (252) (436) (651) (808) (957) (1,165) (1,279) (1,550) (1,660)
      Subtotal 14,251 14,408 17,060 18,455 19,007 19,694 21,963 23,392 29,161 32,681
   Specially Directed Aid
      Veterans 864 783 762 724 790 679 876 1,037 1,192 1,410
      Military 342 361 349 341 364 369 394 393 405 421
      Other Grants 67 74 92 102 110 118 160 162 168 186
      Other Loans 372 316 298 332 355 345 367 411 456 405
      Subtotal 1,646 1,534 1,502 1,498 1,620 1,510 1,796 2,003 2,221 2,423
Total Federal Aid 15,897 15,942 18,562 19,952 20,627 21,204 23,759 25,395 31,382 35,104
State Grant Programs 1,311 1,432 1,503 1,581 1,719 1,860 1,968 2,125 2,375 2,665
Institutional and Other Grants 2,962 3,371 3,808 3,978 4,951 5,761 6,679 7,485 8,233 9,057
Total Federal, State, and Institutional Aid 20,169 20,745 23,873 25,511 27,297 28,825 32,406 35,006 41,990 46,826

Details may not add to totals due to rounding.

Source: Trends in Student Aid: 1985 to 1995, The College Board