Both undergraduate and graduate students are eligible for tax benefits, Direct Unsubsidized Loans, Perkins Loans, and Federal Work-Study (FWS). Direct Subsidized Loans were available to both groups in 2011-12, but were limited to undergraduates thereafter. Pell Grants and Federal Supplemental Educational Opportunity Grants (FSEOG) go to undergraduates only.
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Recipients of federal student financial aid in the U.S. 2024/25, by program
Around 8.4 million students received aid from the Federal Education Tax Benefits program in the United States in the academic year 2024/25. A further 6.4 million students received direct subsidized and unsubsidized loans.
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College Board. (November 5, 2025). Number of recipients of federal student financial aid in the United States in 2024/25, by program (in millions) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/235360/recipients-of-federal-program-student-aid-in-the-us-by-program/
College Board. "Number of recipients of federal student financial aid in the United States in 2024/25, by program (in millions)." Chart. November 5, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/235360/recipients-of-federal-program-student-aid-in-the-us-by-program/
College Board. (2025). Number of recipients of federal student financial aid in the United States in 2024/25, by program (in millions). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/235360/recipients-of-federal-program-student-aid-in-the-us-by-program/
College Board. "Number of Recipients of Federal Student Financial Aid in The United States in 2024/25, by Program (in Millions)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 5 Nov 2025, /statistics/235360/recipients-of-federal-program-student-aid-in-the-us-by-program/
College Board, Number of recipients of federal student financial aid in the United States in 2024/25, by program (in millions) ÌÇÐÄÆƽâ°æ, /statistics/235360/recipients-of-federal-program-student-aid-in-the-us-by-program/ (last visited July 26, 2026)
Number of recipients of federal student financial aid in the United States in 2024/25, by program (in millions) [Graph], College Board, November 5, 2025. [Online]. Available: /statistics/235360/recipients-of-federal-program-student-aid-in-the-us-by-program/
