Is there less Financial Aid than there used to be?

In fact, student financial aid in 2010-2011 rose to a record level of more than $154 billion. Most students receive some form of aid. Less of this aid now comes in the form of grants, however; most aid is awarded through low-interest loans or institutional and other grants. You should consider carefully the financing packages you’ve been offered by each college to determine which makes the most financial sense.