July 27, 2017— It’s more important than ever for students to have access to strong federal financial aid programs, as data from the U.S. Department of Education (ED) show that the number of students applying for federal financial assistance rose from around 14 million in 2006-2007 to over 19.8 million in 2015-2016, a 29 percent increase over nine years.
The National Association of Student Financial Aid Administrators (NASFAA) today published its newly updated National Student Aid Profile: Overview of 2017 Federal Programs, a timely resource that lawmakers, congressional staffers, and members of the media can rely on to gain background on the basics of the federal student financial aid programs that provide funding to millions of students each year. As reauthorization of the Higher Education Act (HEA) approaches, you may find this resource to be helpful in writing articles on the federal student aid programs, particularly as lawmakers examine program funding levels and effectiveness.
In the Profile you will find an overview of the following programs:
The Federal Pell Grant Program
The Federal Supplemental Educational Opportunity Grant (FSEOG) Program
The Federal Work-Study Program
The Federal Perkins Loan Program
The Federal Direct Subsidized and Unsubsidized Loan Programs
The Direct PLUS Loan Program
For each program, in addition to a basic description, you will find the most up-to-date data and information on the following:
Number of Recipients
Total Volume of Awards
Federal Funding Levels
Distribution by Family Income
In addition, the Profile contains an appropriations update on Title IV program funding for the 2017-2018 award year. Please don’t hesitate to contact me if you’re interested in connecting with a NASFAA spokesperson on Title IV budget, appropriations or anything contained in the National Student Aid Profile: Overview of 2017 Federal Programs.
The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents more than 20,000 financial aid professionals at nearly 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every ten undergraduates in the United States. Based in Washington, D.C., NASFAA is the only national association with a primary focus on student aid legislation, regulatory analysis, and training for financial aid administrators. For more information, visit www.nasfaa.org.
Publication Date: 7/27/2017