As college costs continue to increase, more and more Americans rely on federal student financial assistance programs to help pay for their postsecondary education. Despite the demonstrable and continually increasing importance of federal student aid, the majority of Americans have little knowledge of the Title IV programs or the processes necessary to apply for these funds. Meanwhile, members of Congress have been debating the best ways to reform and strengthen the federal aid programs. It is important that Congress and the general public understand these programs and the students they serve.
In an effort to increase knowledge of these vital programs, NASFAA provides the National Student Aid Profile, updated annually.
New to the 2020 National Profile is data broken down by state on total recipients, average aid amount, and total expenditures for each of the major federal student aid programs. In addition, we provide an appropriations update on Title IV program funding for the 2020-2021 award year.
The National Profile provides detailed information about each of the programs authorized under Title IV of the HEA, including:
Publication Date: 7/29/2020