Any student enrolled at least half-time may apply. This program is a reduction of tax liability for the 1998 tax year. The chart below shows the total amount of financial aid awarded from all sources for fiscal years 1992-97. The percentage of students receiving financial aid has increased three percentage points between FY93 and FY97, shown in the graph below. In addition to federal aid, the largest source, there are also many local sources for aid.
Many families make the mistake of assuming they are ineligible for federal aid or apply too late.