In the academic year of 2023/2024, 31.4 billion U.S. dollars was offered to undergraduate students in the form of Federal Pell Grants. Altogether, 190.1 billion U.S. dollars worth of undergraduate student aid were provided across the country.
Amount of undergraduate student aid provided in the United States in 2023-2024
(in billion U.S. dollars)
Characteristic
Amount of student aid in billion U.S. dollars
Institutional Grants
65.6
Federal Loans
45.3
Federal Pell Grants
31.4
State Grants
14.9
Private and Employer Grants
12.6
Federal Veterans Benefits
9.6
Federal Education Tax Benefits
8.8
Federal Work-Study and FSEOG
2
051015202530354045505560657075
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In the United States, student aid is funding that is provided to students to help them with education-related expenses such as tuition fees, accommodation costs, books and other supplies etc. Data for the current year is preliminary.
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College Board. (October 22, 2024). Amount of undergraduate student aid provided in the United States in 2023-2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 11, 2025, from https://www.statista.com/statistics/235287/undergraduate-student-aid-in-the-us/
College Board. "Amount of undergraduate student aid provided in the United States in 2023-2024 (in billion U.S. dollars)." Chart. October 22, 2024. Statista. Accessed May 11, 2025. https://www.statista.com/statistics/235287/undergraduate-student-aid-in-the-us/
College Board. (2024). Amount of undergraduate student aid provided in the United States in 2023-2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 11, 2025. https://www.statista.com/statistics/235287/undergraduate-student-aid-in-the-us/
College Board. "Amount of Undergraduate Student Aid Provided in The United States in 2023-2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/235287/undergraduate-student-aid-in-the-us/
College Board, Amount of undergraduate student aid provided in the United States in 2023-2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/235287/undergraduate-student-aid-in-the-us/ (last visited May 11, 2025)
Amount of undergraduate student aid provided in the United States in 2023-2024 (in billion U.S. dollars) [Graph], College Board, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/235287/undergraduate-student-aid-in-the-us/
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