June 25, 2012
State Financial Aid to Students Inches Up, and Public Colleges See Gains
Despite severe budget pressure, state financial aid to college students rose modestly in the 2010-11 academic year.
States delivered about $11-billion in grants, work-study awards, and loans, an increase of about 2.5 percent from the previous year, according to a report released on Monday by the National Association of State Student Grant and Aid Programs. Most state aid comes in the form of grants to undergraduates, which jumped by more than 4 percent. But other