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Home > Research, Data & Reports > Financial Aid Data & Trends > Financial Aid at a Glance > Federal Financial Aid

 

Federal Financial Aid


 

The federal government provides financial aid for eligible students attending the nation's postsecondary educational institutions.

To quality for financial aid, students must complete the Free Application for Federal Student Aid (FAFSA). Find information on the percent of Minnesota students who complete the FAFSA by Minnesota high school.

Federal Aid Awarded to Undergraduates at Minnesota Institutions

Amount of Aid

FY 2001 FY 2003 FY 2005 FY 2007 FY 2009 FY 2011 FY 2013
Federal Pell Grants $111,900,476 $166,733,957 $179,390,808 $178,788,009 $263,967,345 $512,664,048 $481,335,035
Federal SEOG Grants $19,061,484 $19,646,324 $20,925,222 $20,628,628 $20,622,242 $21,197,558 $20,926,183
Federal Academic Competitiveness Grants $4,610,573 $6,507,744 $10,380,323 $0
Federal SMART Grants $3,451,522 $3,210,231 $7,961,670 $0
Other Federal Agency Grants $4,893,421 $8,258,099 $5,968,998 $5,169,468 $6,698,234 $21,776,982 $18,501,528
Federal Stafford Subsidized Loans $166,133,526 $233,875,007 $273,892,454 $295,998,660 $410,797,996 $685,332,255 $643,552,870
Federal Stafford Unsubsidized Loans $120,832,037 $190,468,256 $210,325,683 $246,983,899 $477,385,787 $742,323,243 $692,966,605
Federal Perkins Loans $25,090,115 $29,833,822 $31,610,579 $27,411,830 $15,763,483 $17,196,684 $20,905,261
Federal PLUS $51,157,677 $67,089,364 $99,855,268 $140,599,912 $118,704,439 $161,056,571 $139,959,733
Other Federal Agency Loans $2,866,057 $974,760 $771,672 $1,181,971 $633,304 $574,045 $2,052,121
Federal Work-Study $18,451,424 $24,173,031 $20,548,458 $19,580,563 $20,156,879 $26,248,633 $27,387,653
Totals $648,698,123 $890,595,623 $1,014,026,092 $1,112,702,833 $1,653,086,861 $2,206,712,012 $2,047,586,989

Source: Office of Higher Education



Number of Recipients

FY 2001 FY 2003 FY 2005 FY 2007 FY 2009 FY 2011 FY 2013
Federal Pell Grants 61,453 76,525 81,816 80,366 98,691 153,295 151,399
Federal SEOG Grants 19,250 19,844 22,180 23,433 23,795 33,094 31,056
Federal Academic Competitiveness Grants 5,731 8,207 13,486 0
Federal SMART Grants 1,067 1,043 2,605 0
Federal Stafford Subsidized Loans 66,643 83,765 92,989 99,638 113,588 184,940 180,510
Federal Stafford Unsubsidized Loans 47,326 63,399 65,360 73,597 113,648 191,127 184,899
Federal Perkins Loans 13,071 14,372 13,835 11,900 7,506 9,447 10,167
Federal PLUS 8,679 9,868 13,503 19,204 13,238 16,226 14,598
Federal Work-Study 17,004 17,472 16,047 12,788 12,731 14,971 15,167

Source: Office of Higher Education

 

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