More Students Receiving Financial aid

entranceA recent study of college students has found that over 70 percent of them receive some type of financial aid. That number is up from 66 percent just four years ago. Federal student loan usage is also rapidly rising. According to the National Center for Education Statistics 40 percent of all students are using the student loan program.

One reason for the increase in financial aid is that the cost of education is steadily rising each year. Student debt is also an overall significant debt for the US.

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