Appropriations

Fiscal Year 2008 : $16,256,000,000
Fiscal Year 2007 : $13,660,711,000
Fiscal Year 2006 : $17,345,230,000
Fiscal Year 2005 : $12,364,997,000

Note: The amount for FY 2006 includes $4.3 billion to retire prior-year funding shortfalls; the amount for FY 2008 includes $2 billion in mandatory funds.

2008

Amount of Aid Available: $16,428,110,000
Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state matching dollars, and federal or private loan capital.
Number of New Awards Anticipated: 5,578,000
Average New Award: $2,945
Range of New Awards: $400–$4,731

2007

Amount of Aid Available: $13,989,305,000
Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state matching dollars, and federal or private loan capital.
Number of New Awards Anticipated: 5,339,000
Average New Award: $2,620
Range of New Awards: $400–$4,310

Note: FY 2007 Awards Information reflects final appropriations action that occurred after the completion of the fiscal year 2008 President's Budget.

Note: The Department is not bound by any estimates in this notice.