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The National Association of State Student Grant and Aid Programs, or Nassgap, in its 36th annual survey to be released this week, said in the 2004-05 academic year there was an increase of more than 8 percent on state spending on student financial aid for a total of $7.9 billion, an increase from $7.3 billion from the previous academic year, according to an article by Karin Fischer titled, "State Spending on Student Financial Aid Picked Up in 2004-5, Survey Finds," that appeared in The Chronicle of Higher Education issue dated June 2, 2006.Visit to Apply Today http://available-grant-money.blogspot.com
Accordingly, as tuition at public colleges increases, the 50 states, the District of Columbia and Puerto Rico seem to be awarding more in financial assistance in terms of grants and scholarships, according to the article.
Most of the financial assistance for 2004-05, adding up to approximately 85 percent of all the total state-based student aid, "was in the form of grants, which do not have to be repaid," the article said.
The article said that according to the College Board, "While tuition and fees at four-year public colleges climbed almost 11 percent in 2004-5, the rate of growth slowed to 7 percent in 2005-6."
Nassgap's president, Melanie Amrhein, said that as tuition has grown, historically, "as a whole, aid hasn't been keeping up."
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