Most students need some form of financial aid in order to attend college. According to data released in 2023 by the National Center for Education Statistics, an estimated 72 percent of undergraduates received financial aid during the 2019–20 school year, with the average amount per student at just over $14,000. Student aid can come from a number of sources, including scholarships, grants, loans, and work-study employment. The federal government provides financial aid through several programs,... more
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