In the academic year of 2023/2024, 66.6 billion U.S. dollars was offered to graduate students in the form of financial aid. Federal loans accounted for 40.4 billion U.S. dollars of the total amount, while institutional grants accounted for another 17.2 billion U.S. dollars.
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Amount of graduate student aid provided in the United States in the academic year 2023/24, by source and type
(in billion U.S. dollars)
Characteristic
Amount of student aid in billion U.S. dollars
Federal Loans
40.4
Institutional Grants
17.2
Private and Employer Grants
5.2
Federal Veterans Benefits
2.4
Federal Education Tax Benefits
0.9
State Grants
0.3
Federal Work-Study
0.1
Created with Highcharts 7.2.2Amount of student aid in billion U.S. dollars40.440.417.217.25.25.22.42.40.90.90.30.30.10.1Federal LoansInstitutional GrantsPrivate and Employer GrantsFederal Veterans BenefitsFederal Education Tax BenefitsState GrantsFederal Work-Study
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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 graduate student aid provided in the United States in the academic year 2023/24, by source and type (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 06, 2025, from https://www.statista.com/statistics/235327/graduate-student-aid-in-the-us/
College Board. "Amount of graduate student aid provided in the United States in the academic year 2023/24, by source and type (in billion U.S. dollars)." Chart. October 22, 2024. Statista. Accessed July 06, 2025. https://www.statista.com/statistics/235327/graduate-student-aid-in-the-us/
College Board. (2024). Amount of graduate student aid provided in the United States in the academic year 2023/24, by source and type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 06, 2025. https://www.statista.com/statistics/235327/graduate-student-aid-in-the-us/
College Board. "Amount of Graduate Student Aid Provided in The United States in The Academic Year 2023/24, by Source and Type (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/235327/graduate-student-aid-in-the-us/
College Board, Amount of graduate student aid provided in the United States in the academic year 2023/24, by source and type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/235327/graduate-student-aid-in-the-us/ (last visited July 06, 2025)
Amount of graduate student aid provided in the United States in the academic year 2023/24, by source and type (in billion U.S. dollars) [Graph], College Board, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/235327/graduate-student-aid-in-the-us/
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