As college costs continue to increase, more and more Americans rely on federal student financial assistance programs to help pay for their postsecondary education. The number of students applying for federal financial assistance rose from around 14 million in 2006-2007 to over 19.8 million in the 2015-2016 award year, a 29 percent increase over nine years. 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.
The National Profile provides detailed information about each of the programs authorized under Title IV of the HEA, including:
Publication Date: 7/27/2017