May 28, 2004

States Continued to Increase Spending on Student Aid in 2002-3, Survey Finds

By MICHAEL ARNONE

Table: State Funds for Student Aid, 2002-3

States once again increased financial aid to students to make up for rising tuition rates and declining appropriations, an annual survey has found.

Nearly $6.9-billion in student aid was awarded by the states in the 2002-3 academic year, up 9 percent from the year before, according to a study by the National Association of State Student Grant and Aid Programs, or Nassgap. The

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