Archived Information

Financing Postsecondary Education: The Federal Role - October 1995

TABLE 2. Aid Awarded to Postsecondary Students in Constant 1994 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 4,866 4,590 4,786 5,477 5,570 5,436 6,199 6,427 5,731 5,570
      SEOG 559 533 537 518 520 501 535 576 572 546
      SSIG 103 97 97 89 83 65 67 74 73 72
      CWS 895 839 814 766 775 806 815 812 782 749
      Perkins Loans 959 1,018 1,031 1,070 1,054 964 931 928 932 958
      Income Contingent Loans 0 0 6 6 6 6 5 5 0 0
      Ford Direct Student Loans 0 0 0 0 0 0 0 0 0 1,712
        (Subsidized Stafford Loans) 0 0 0 0 0 0 0 0 0 (1,073)
        (Unsubsidized Stafford Loans) 0 0 0 0 0 0 0 0 0 (471)
        (PLUS) 0 0 0 0 0 0 0 0 0 (168)
      Family Education Loans 12,056 12,141 14,584 14,681 14,196 14,028 15,015 15,518 21,480 22,613
        (Subsidized Stafford Loans) (11,360) (11,112) (11,681) (11,415) (11,108) (11,075) (11,594) (11,381) (14,321) (13,906)
        (Unsubsidized Stafford Loans) 0 0 0 0 0 0 0 (336) (2,061) (7,039)
        (SLS) (367) (694) (2,344) (2,468) (2,143) (1,894) (2,170) (2,471) (3,526) (32)
        (PLUS) (330) (336) (559) (797) (944) (1,059) (1,250) (1,331) (1,572) (1,637)
      Subtotal 19,439 19,219 21,854 22,606 22,206 21,806 23,567 24,340 29,571 32,221
   Specially Directed Aid
      Veterans 1,178 1,045 976 887 923 752 940 1,079 1,209 1,390
      Military 467 481 447 417 426 408 422 409 411 415
      Other Grants 92 98 118 125 128 130 171 169 170 184
      Other Loans 508 422 382 407 415 382 394 428 462 400
      Subtotal 2,245 2,046 1,924 1,835 1,892 1,672 1,927 2,085 2,252 2,388
Total Federal Aid 21,684 21,265 23,778 24,441 24,098 23,479 25,494 26,425 31,823 34,610
State Grant Programs 1,788 1,911 1,926 1,936 2,008 2,059 2,112 2,212 2,408 2,628
Institutional and Other Grants 4,040 4,496 4,878 4,873 5,784 6,379 7,166 7,788 8,349 8,929
Total Federal, State, and Institutional Aid 27,511 27,672 30,581 31,250 31,890 31,917 34,772 36,425 42,580 46,167

Details may not add to totals due to rounding.

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