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Press and Research

Federal Financial Aid

  1. In 2002–03, the federal government provided $71.6 billion in student aid for undergraduate and graduate study—$15.8 billion in grant aid, $49.1 billion in guaranteed loans (for-profit lenders), $1.2 billion in work-study aid, and $5.4 billion in education tax credits. The College Board, "Trends in Student Aid: 2003" (Washington, D.C.: The College Entrance Examination Board).
  2. "Sallie Mae's profits in 2002 could have sent over 28,000 students to UCLA on a full tuition scholarship for four years; CEO Albert Lord's profit of $33.6 million could have sent 1,200 students" (Walker 2004).

State Financial Aid

  1. "State support for higher education per $1,000 in personal income dropped from $11.22 to $7.94—a 30 percent decline—between 1979 and 2000." M. Yudof, "Higher Tuitions," Change, March/April 2002, 34(2): 16–21.
  2. "In 2003, for more than half of the states, community-college tuition rose by more than 10 percent. California and Virginia colleges had the highest percentage increases, at 60 percent and 42 percent, respectively." J. Evelyn, "Tuition Is Up 11.5% at Community Colleges, Survey Finds; State Budget Cuts Are Blamed," Chronicle of Higher Education, 26 September 2003.
  3. Read about the pros and cons of the Georgia Hope Scholarship in J. Selingo, "Hope Wanes for Georgia's Merit-Based Scholarship," Chronicle of Higher Education, 21 November 2003.
  4. "Governor Kenny Guinn implemented the Nevada Millennium Scholarship program in 1999–2000, which provided $10,000 to each Nevada high-school student who graduates with a minimum 3.0 GPA and attends a UCCSN institution or Sierra Nevada College. Modeled after Georgia's HOPE scholarship, this program is funded, in part, by state tobacco settlement money. Millennium Scholars received $3.76 million in state aid in 2000–1. In the past two years, the final state budget included $12.2 million for financial aid; however, tuition and fees at public institutions has been set to increase by 3.5%, on average." N. Walker, "The State of Postsecondary Education in Nevada," report (New York: Teachers College, Columbia University, 2002).
  5. For more on specific increases in tuition in particular states please see sJ. Selingo, "Tuition Surges at Public Colleges After Years of Modest Increases," Chronicle of Higher Education, Government and Politics, 22 September 2000.

Decreases in State Aid

  1. "As late as 1979–80, state governments contributed 45 percent of higher education revenues, almost all of it through direct (nontuition) support of state-run institutions. By 1995-96 that share had fallen to 33 percent . . . even though the states' economic fortunes have improved considerably since . . . 1990, the downward trend in the share of higher education revenues provided by the states is so far unabated."M. S. McPherson, and M. O. Schapiro, "Reinforcing Stratification in American Higher Education: Some Disturbing Trends" (Stanford: National Center for Postsecondary Improvement, 1999), 1–38.

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