Day: December 28, 2009
When Sly Stone of Sly & the Family Stone shouted “I wanna take you higher,” he probably wasn’t thinking about financial aid for college students. But that line can indeed describe Penn State’s substantial aid received from the U.S. Higher Education Act (HEA), which was passed in 1965 by Lyndon Johnson. It must be re-passed by Congress every five years, a measure taken to better allow for improvements. More specifically, Penn State is a major beneficiary under Title IV of the HEA, which deals with federal student aid programs. In fact, according to information released this month by the U.S. Department of Education, Penn State is the top ranked 4-year public school in Title IV funding, raking in $549,308,028 in total funds.