In 2008-09, undergraduate students received an average of $10,185 in financial aid per full-time equivalent (FTE) student, including $5,041 in grant aid and $4,585 in federal loans. Graduate students received an average of $22,740 in aid, including $7,558 in grant aid and $14,598 in federal loans. more

The College Board releases Trends in Student Aid 2009 at a time of major change in the student aid system. As we go to press, the House of Representatives has just passed legislation that would substantially simplify the application process for federal student aid and assure consistent increases in the level of the maximum Pell Grant. The legislation would also change the financing structure of federal student loans. more