Let's jump right into the facts. Below listed are all quick facts about financial aid and following further down we're placing cool facts about college aid.

  College cost is growing, but so is Financial Aid. About $168 billion of student financial aid is available.

  In United State we still have colleges that are free. They do not charge for the tuition.

  Students pay on average from $200 to $1,000 more per year for school.

  Part time students do get financial aid, but there are restrictions.

  Officially student grades do not affect eligibility for financial aid, nor do they even affect the amount of money awarded.

  Number of students awarded financial aid for the academic year 2009-2010 is 15,954,112.

  States with highest federal student loans default rates are: Puerto Rico, Texas, West Virginia, and Arizona.

  States with lowest federal student loans default rates are: Wisconsin, Virgin Islands, Montana, North Dakota, South Dakota, Utah, and Minnesota.

  The U.S. Department of Education provides around $100 billion of funding for financial aid.

  Each year millions of dollars in tuition awards goes unclaimed. Mostly due to poor knowledge about Financial Aid.

  Community college students represent 25% of all full-time undergraduates.

  There are 7,177 schools you can submit your FAFSA Application for.

  About 30% of students do not attend their first choice colleges due to high cost.

  66% of undergraduates received financial aid in 2007-2008.

  Total average amount received was $9,100.

  52% of total applicants received Grants averaging $4,900.

  16% received $2,500 in state-funded Grants on average.

  20% received $5,000 in 20% received an average of $5,000 in grants from their school from schools.

  7% received help from Federal Work-Study Programs averaging $2,400 in wages.

  2% received $5,400 in veterans benefits on average.

  38% borrowed $7,135 in student loans on average.

  47% of all undergraduates received federal student aid.

  For those who received federal aid, the average amount was $6,600.

  Federal Pell Grants were awarded to 27% of all undergraduates with an average of $2,600 per award.

  34% of all undergraduates took out federal Federal Student Loans with an average of $5,000 per loan.

  30% took out Federal Stafford Loans - Subsidized with an average of $3,400 per loan.

  22% took out Federal Stafford Loans - Unsubsidized with an average of $3,200 per loan.

  4% was parents who took out Federal Parent PLUS Loans with an average of $10,800 per loan.