During the 2023–24 academic year, undergraduate students received more than $256 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 colleges, states, private parties, and employers. Source: College Board, 2024 (percentages do not total 100 due to rounding) Financial Aid 33.4% 0.5% 3.8% 45.1% 17.3%
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