History Of Student Financial Aid

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Due to the raising need for academic and financial aid, a number of types of aid have been developed and offered at many different universities. The need for grants to provide financial support for students has been going on for decades. The Pell Grant, a government funded sum of money given to students who apply for it and are in need of money to pay for college, was founded in the early 1970's as a way to address the financial weight college bares on students (History of Student Financial Aid). Grants are unlike loans that need to be paid back over time. The money given to someone from a grant does not need to be paid back, and is used to pay for the education it was given for. In the Early 1990's, several additions to government funded education
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