This brief report presents selected findings about student financial aid during the 2011-12 academic year. These findings are based on data from the 2011-12 National Postsecondary Student Aid Study (NPSAS:12), a nationally representative sample survey of undergraduate and graduate students enrolled any time between July 1, 2011, and June 30, 2012, in institutions eligible to participate in federal financial aid programs. The primary purpose of NPSAS:12 is to measure how students and their families pay for postsecondary education, with particular emphasis on federal student aid provided through Title IV of the Higher Education Act of 1965 and subsequent amendments. The NPSAS:12 sample consists of about 95,000 undergraduate and 16,000 graduate students attending approximately 1,500 Title IV eligible postsecondary institutions in the 50 states and the District of Columbia.The sample represents approximately 26 million undergraduate and 4 million graduate students enrolled in postsecondary education at any time between July 1, 2011, and June 30, 2012. This report classifies financial aid by type and source. Eligibility for federal need-based aid is largely determined by the student's family income, which is defined differently for dependent and independent students.The following are appended: (1) Glossary; (2) NPSAS:12 Technical Notes and Methodology; and (3) Revised Student Financial Aid Estimates for the 2007-08 National Postsecondary Study Aid Study (NPSAS:08). (Contains 30 tables and 15 footnotes.)