Fed Financial

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

Public Comments

1. Start here....
2. 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!