A mere $62.6 billion dollars!
According to new Department of Education data, that’s how much tuition public colleges collected from undergraduates in 2012 in the entire United States. And I’m not being facetious with the word mere, either. The New America Foundation says that the federal government spent a whole $69 billion in 2013 on its hodgepodge of financial aid programs, such as Pell Grants for low-income students, tax breaks, work study funding. And that doesn’t even include loans.
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