Any reform of federal student aid must address the twin challenges of college affordability and completion, which are inextricably linked. Here, CLASP has proposed ways to redirect existing federal student aid spending toward the low- and modest income families who need it most. These are the students for whom federal aid makes a difference in…

Federal, state, and institutional student financial aid expenditures are tabulated by individual program in both constant and non-inflation-adjusted dollars for the years 1980-81 through 1987-88, with percent changes since 1980-81 noted. Individual recipient averages in major programs are also presented. (MSE)