Figure 2. Grants, Loans, and Work-Study as a Share Total Aid, 1990-91 and 2004-05
	Grants	Loans	Work-Study	Tax Credits
1990-91	49.3%	48.1%	2.5%
1991-92	50.2%	47.5%	2.4%
1992-93	50.9%	46.8%	2.3%
1993-94	44.0%	54.2%	1.9%
1994-95	42.1%	56.3%	1.6%
1995-96	40.0%	58.5%	1.5%
1996-97	38.9%	59.7%	1.4%
1997-98	38.9%	59.4%	1.7%
1998-99	40.5%	57.9%	1.6%
1999-00	40.0%	59.0%	2.0%
2000-01	41.0%	58.0%	1.0%
2001-02	39.0%	54.0%	1.0%	6.0%
2002-03	40.0%	54.0%	1.0%	5.0%
2003-04	41.3%	52.3%	0.9%	5.6%	(re-calculated by AR)
2004-05	40.0%	53.6%	0.8%	5.6%	(calculated by AR)
SOURCE: The College Board, Trends in Student Aid 2005.
Student aid breakdown for 2004-05 is preliminary.
* Note: Tax credits did not become effective until 1998-99.