This report, based on the 1987 National Postsecondary Student Aid Study, provides information on how different sources and types of student financial aid were combined to produce student aid awards or packages for 34,544 undergraduate students. First, aid awards are examined by the source of aid; second, by the type of aid; and third, by a combination of sources and types. Among the findings were the following: (1) of all the financial aid supplied to undergraduates, the Federal Government supplied 62%; (2) postsecondary institutions were the second largest suppliers of student financial aid, supplying 21%; (3) among aided undergraduates, a larger proportion of borrowers was found among those in higher than in lower income brackets; (4) 36% of aided undergraduates received Pell grants in their aid awards, with 5% receiving Pell grants alone; (5) 42% of aided undergraduates received Guaranteed Student Loans, with 11% receiving these loans alone; and (6) students who attended private, for-profit institutions were more likely to be aided than those who attended a private, not-for-profit institutions, who, in turn were more likely to be aided than those who attended public institutions. The report contains 54 tables, 3 figures, 12 references, and a glossary. Four appendixes include detailed tables, technical notes, components of the grants only award and all aid awards by source and type of aid. (JDD)