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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

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Category: Student Aid

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2 Answers to “How much does the government spend on student financial aid?”

  1. July 16, 2010

    Start here….
  2. July 16, 2010

    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!