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College aid requests soar during economic downturn.

By Satyam Khanna on August 11, 2008 at 9:04 pm

"College aid requests soar during economic downturn."


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The San Francisco Chronicle reports that record numbers of college students “are lining up for financial aid – and asking for more of it – as the nation’s economic woes hit campuses across the country.” Across the country, “8.9 million students filed federal student aid forms during the first half of 2008, a 16.3 percent increase over the same period last year.” In California alone, 999,594 students requested federal financial aid during the first half of 2008, up 20 percent from last year.

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