Hacker News has been reporting on the financial aid landscape for a while now, but we haven’t done so in a particularly compelling way.
While there’s still much to be learned about financial aid and its impact on students and their families, it seems like we’ve come to a consensus on what is and isn’t working, and it’s time to dive into the numbers.
In our new series, we will focus on the top financial aid institutions and their financial goals.
This is partly due to the fact that the numbers are still coming in, so the number of financial aid recipients will likely change as more institutions and colleges make their decisions.
Additionally, this is a series about financial help, so while we’ve covered some of the biggest players, we have yet to cover the smaller ones that offer financial aid through grants, scholarships, or other forms of financial assistance.
This post will focus specifically on the largest and most important financial aid programs and their impact on student financial well-being.
If you’re new to the data and the topic, we suggest reading our previous article on the topic.
First, here are some quick facts about the financial assistance system: The federal government distributes $25 billion in aid each year, or about $1,000 per student.
That means every student has $100 in the bank.
Most students get at least one $1 grant, which they can use to pay for things like textbooks, transportation, and other costs.
The amount of money available for grants varies, depending on how much of the federal budget is spent on aid and how much goes to other programs.
The Department of Education’s (ED) “Financial Aid Report” reports the total amount of federal financial aid given out for each student each year.
For example, in 2018, the total federal aid to the poorest 10% of students was $5,764,724.
The total federal funding given to the wealthiest 10% was $11,946,921.
There are many factors to consider when it comes to the amount of aid that you receive, including the type of aid you receive and the types of grants you receive.
In 2018, students with financial needs were more likely to receive financial aid than those without.
About 80% of Pell grant recipients were also Pell recipients, and the average Pell grant recipient received $6,890 per year.
Pell grants are generally considered the best option for low-income students who may not be able to attend a traditional college or university, because they’re more affordable and offer more financial aid.
However, these financial aid grants also require you to earn enough money to qualify for them.
As a result, students who receive Pell grants tend to have higher college debt than students who don’t.
In 2020, the median Pell grant amount was $8,876 per year for a family of four, while the average aid recipient was $9,062.
For a family with two children, the average grant recipient was about $10,600 per year and the median aid recipient made about $11.00 an hour.
The average Pell recipient received about $5 million per year in federal financial support, which includes federal loans, grants, and loans to private lenders.
In 2020, almost half of Pell Grant recipients (48%) had debt.
About 70% of these borrowers had some form of student loan debt.
The median Pell Grant amount for a student with a $1 million debt is about $6.40 per month.
In 2018, about 42% of all Pell Grant applicants had debt, and nearly one in five students had some kind of debt, with a median debt amount of $27,500.
This means that about half of students with Pell Grant debt were either in default on their loans or were in arrears on their federal loans.
In 2017, about two in three Pell Grant students were either “in default” or were arrearing on their student loans, and about one in three had some sort of debt.
Students are more likely than other students to be in default.
The median debt for students with a Pell Grant grant is about twice as high as for students without a Pell grant, at about $33,000, compared to about $21,000 for students who do not have a Pell fellowship.
Students with Pell grant debt tend to be the most likely to have a default on loans, because the Pell grants allow them to borrow against their federal loan.
In 2019, about 40% of applicants for Pell grants had student loan defaults.
In comparison, about 15% of the total population had defaulted on their Pell Grant loans.
The default rate for students whose loans have been discharged or who have graduated from college is high: about one out of three students whose loan defaulted has had a default.
The average student with Pell Grants in 2020 was about 28 years old.
Students who were under the age of 28 were more than four times as likely to default than those who were between