The annual report gives background on the basics of the federal student financial aid programs that provide funding to millions of students each year.

Contact: Allie Arcese
Director of Communications
(202) 785-6954 
[email protected]

WASHINGTON, D.C., AUGUST 3, 2022 — Postsecondary students across the nation rely on the federal student aid programs authorized under the Higher Education Act of 1965 to help them defray the costs of a college education. Although the colossal economic impact of the COVID-19 pandemic presented challenges for many aid recipients and student loan borrowers, the critical role played by the federal student aid programs in promoting postsecondary access has never been more clear. While it may take several years to fully grasp the overall impacts of COVID-19 on borrowing, repayment, and other aspects of federal student aid, data in the National Association of Student Financial Aid Administrators' (NASFAA) newly published "National Student Aid Profile: Overview of 2022 Federal Programs," provides a glimpse into shifts in the number of recipients, volume of awards, and more. 

Updated annually, the National Student Aid Profile serves as a resource lawmakers, congressional staffers, and members of the media can rely on to gain background on the basics of the federal student financial aid programs, how they have been funded over time, and how many students are reached each year. Several tables and figures in this year's edition of the report were impacted as a result of the COVID-related flexibilities. Under each affected table and figure, you will find a "COVID-19 note" with a brief explanation of the changes reflected.

In the National Student Aid Profile, you will find an overview of the following programs:

• The Federal Pell Grant Program
• The Federal Supplemental Educational Opportunity Grant (FSEOG) Program
• The Federal Work-Study Program
• The Federal Direct Subsidized and Unsubsidized Loan Programs
• The Federal Direct PLUS Loan Program

For each program, in addition to a basic description, you will find the most up-to-date data and information on the following:

• Number of Recipients
• Total Volume of Awards
• Federal Funding Levels
• Distribution by Family Income

To set up an interview with a NASFAA spokesperson to discuss the Title IV programs, budget, appropriations, or anything contained in the National Student Aid Profile: Overview of 2022 Federal Programs, please contact NASFAA Director of Communications Allie Arcese.

About NASFAA 

The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents more than 32,000 financial aid professionals at approximately 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every 10 undergraduates in the U.S. Based in Washington, DC, NASFAA is the only national association with a primary focus on student aid legislation, regulatory analysis, and training for financial aid administrators.