July 13, 2007

Inflation Eats Into Recent Growth in State Spending on Student Aid

By PETER SCHMIDT

Loan and loan-forgiveness programs accounted for many of the additional dollars awarded in 2005-6

The growth of state spending on student financial aid slowed in the 2005-6 academic year, especially after taking inflation into account, according to a report being released this week by the National Association of State Student Grant and Aid Programs, or Nassgap.

Moreover, the report shows that, although state student-aid spending increased over all, much of that rise was driven

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