Washington, DC (PRWEB) June 27, 2013
The National Association of Student Economic Help Administrators (NASFAA) released an updated edition of its annual federal student aid primer, the National Student Aid Profile, to better inform members of the media, policymakers and other interested parties about the facts surrounding student aid problems and funding.

“As the 2014 expiration of the Greater Education Act nears, conversations are increasingly centered around escalating federal student debt, higher default price levels, rising charges of attendance for postsecondary education, and the sustainability of federal funding sources for the student help programs,” stated NASFAA President Justin Draeger. “Members of Congress have been debating the greatest ways to reform and strengthen the federal help programs. It is essential that Congress and the basic public recognize these programs and the students they serve.”

U.S. Division of Education data show the number of students applying for federal monetary help rose from around 19.four million in the 2007-2008 award year to almost 31.four million in the 2011-2012 award year, a 62 percent improve more than five years.

From 2001-2002 to 2011-2012, the total quantity of federal monetary aid awarded to students beneath Title IV of the Greater Education Act (HEA) jumped from $ 72.three billion to an estimated $ 173.8 billion, a ten-year enhance of 140 %. For 2011-2012, the Title IV programs accounted for 71 percent of the $ 245 billion in total monetary help received by college students.

NASFAAs National Student Help Profile: Overview of 2013 Federal Applications gives the newest detailed data and information about every of the applications authorized beneath Title IV of the Greater Education Act, such as:

— descriptions of the federal student help applications, which includes the: