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This publication presents annual data on the amount of financial assistance - grants, loans, work-study, and education tax benefits - distributed to students to help them pay for postsecondary education. It provides detailed information about the: aggregate amount of student aid; amount of aid per student; and composition and distribution of aid. In 2007-08, undergraduate students received an average of $8,896 in financial aid per full-time equivalent (FTE) student, including $4,656 in grant aid and $3,650 in federal loans. Graduate students received an average of $20,320 in aid per FTE student, including $6,948 in grant aid and $12,746 in federal loans.