Fast Fact: More Student Aid Going to Those Who Need It Least
In the 2011-12 school year, 39% of students from the lowest income families received grants from colleges’ own funds. But so did 38% of students from the wealthiest families. Worse, average grants for the wealthiest were $2,000 higher.
SOURCE: National Postsecondary Student Aid Study (NPSAS:12)