This report, the sixth in a series by the New York State Education Department Office of Postsecondary Policy Analysis provides the only complete accounting of financial aid available to students at New York's degree-granting postsecondary institutions. It shows trends in financial aid from state, federal, institutional, and private sources for the academic years 1984-85, 1985-86, and 1986-87. The first section offers an overview of all student aid funds. It examines trends in aid per student and compares aid trends to changes in undergraduate expenses, other economic indicators, and enrollment trends. The following section contains detailed tables showing funds and recipients for specific aid programs, with separate tables for pre- and post-baccalaureate students in each sector and at each type of institution within sectors. Tables are categorized by New York State, State University of New York, City University of New York (CUNY), independent institutions, and degree-granting proprietary institutions. Statistics show the following: since 1984, loans have been the most prevalent form of aid in the nation; in 1986-87, over 62% of all aid funds went to independent sector students; grants per full time equivalent increased in every sector except at CUNY's; and undergraduate enrollment declined 2% between 1984-85 and 1986-87. Appended are a glossary of terms, a description of the student aid data sources, and a list of institutions included in each sector and type category used in the report. (SM)