Say goodbye to half of all college students
As of the 2022-2023 academic year, 85% of full-time, first-year undergraduate students were awarded some type of financial aid.Note Reference[1] Among the students who were offered aid:
56% were awarded federal grants.
37% were awarded institutional grants.
47% were awarded federal student loans.
23% were awarded state/local grants.
https://www.bestcolleges.com/research/facts-financial-aid/
From huffpost
The president said that under the new order, crucial education funding for low-income students and students with disabilities, including Pell Grants and Title I funding, will be redistributed to other agencies and departments.
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The Education Department currently supports 26 million low-income students through Title I funding, handles civil rights complaints from students and their families, ensures equal access to school for 7.4 million students with disabilities, and distributes federal financial aid so that low-income students can afford college.