Grants and Loans
The chart below shows the percentage breakdown of student financial aid awarded through grants and loans since 1991-92. The bulk of student aid continues to be awarded through loans. But the percentage of student aid in the form of loans fell for the third straight year and, for the second straight year, the percentage of students receiving grants—which include state, federal, and institutional pools of money—increased slightly.
SOURCE: The College Board, "Trends in Student Aid, 2002"
Vol. 22, Issue 9, Page 5