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March 2001: For the fourth year in a row, the National Association of State Student Grant and Aid Programs ranked Georgia Number One among 50 states in academic-based student financial aid because of the HOPE Scholarship. April 2002: HOPE reaches new milestones: More than 600,000 students have received HOPE awards totaling more than $1.5 ...
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In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds.
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