June 2, 2006

State Spending on Student Financial Aid Picked Up in 2004-5, Survey Finds

By KARIN FISCHER

State spending on student financial aid rose by more than 8 percent in the 2004-5 academic year, amid signs that efforts by states to expand financial assistance may be catching up with the growth in public-college tuition.

The 50 states, the District of Columbia, and Puerto Rico awarded a total of $7.9-billion in grants and scholarships in 2004-5, up from $7.3-billion the previous year, according to a report to be released this week by the National Association of State Student Grant

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