An article from Monday's San Francisco Chronicle has some interesting statistics about federal student loan requests. 8.9 million students have already filed federal student aid forms this year, a 16.3 percent increase over last year. According to the associate vice provost at Santa Clara University, Richard Toomey, the university has seen a large increase in the number of students requesting aid, more of those students are qualifying, and they are requesting larger sums of money than ever before. Justin Draeger of the National Association of Student Financial Aid Administrators has made it clear that since many states are facing budget problems they are contributing less to public universities, which is translating to higher tuition costs for students.
You can read the complete article here.
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