According to the College Board, federal grant, loan, and work-study programs accounted for for 71 percent of all available student aid during the 2012-2013 academic year. That translates into $170 billion out of a total $238.5 billion. Grants from institutions and private sources account for another 22 percent ($59 billion), and state grants provide over 4 percent ($9.7 billion).

1 Comment

  • Comment by anitra pollock — July 2, 2014 @ 11:41 am

    I’m an adult student looking for more aid. I used all the available student loans and because I’m a working adult that makes more than $100/month I can’t get any grants. My credit is poor so I can’t just walk up and get a private loan from my bank. I need more $$ and I don’t know what to do. They need to raise the limit for the federal funding or for some circumstances grant additional funding. It’s not fair for us in between “we work so you can afford to pay for college” folks.

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