How much does the government spend on student financial aid?
I’m doing some research on government expenditures for financial aid for a paper, and I was wondering how much does the government spend on student aid annualy?
Please give a specific answer
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It varies from year to year. The President submits a budget for Department of Education expenditures.
For FY2008, the President’s budget says: In 2008, the Federal Government will provide nearly $91 billion in financial aid to 10.4 million students to help pay for college (http://www.gpoaccess.gov/usbudget/fy08/browse.html)
You can also see how spending is projected by state: http://www.ed.gov/about/overview/budget/statetables/index.html
Hope that helps some!
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