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Home > Research, Data & Reports > Financial Aid Data & Trends > Federal Financial Aid Data

 

Federal Financial Aid Data

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The federal government provides financial aid for eligible students attending the nation's postsecondary educational institutions. Several sources of federal financial aid received are included in this section.

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.

The Minnesota Office of Higher Education monitors debt trends of graduating students. Find the amount of federal financial aid awarded to Minnesota undergraduates and loan default rates.

Data on students enrolled in Minnesota institutions from the U.S. Department of Education's National Postsecondary Student Aid Survey (NPSAS) is analyzed. The survey aims to broaden the understanding of how students and their families finance education along with the characteristics of students enrolled in postsecondary education.

Federal Aid Awarded to Undergraduates at Minnesota Institutions

Amount of Aid

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

Source: Office of Higher Education



Number of Recipients

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

Source: Office of Higher Education

 

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