Federal financial aid has been a thread in the fabric of traditional brick-and-mortar higher education since 1958 – when the National Defense Student Loan Program (precursor to Perkins) was created.
It wasn’t until 2006 that schools with less than 50% of classes conducted in a classroom could offer federal financial aid to students.
Now that higher ed schools with entirely or mostly online curriculum can offer federal funding to students, there are things that both students and financial aid counselors should know about the process and the data surrounding it.
The team over at Online Schools Center created this interesting infographic depicting the relationship between online education and financial aid. Check it out!