Final answer:
The financial aid percentages on College Navigator show the percentage of students who receive that type of financial aid. The FAFSA is vital in determining eligibility for aid, and historically a significant percentage of students receive federal financial assistance.
Step-by-step explanation:
The financial aid percentages on College Navigator represent the percentage of students who receive that type of financial aid at a college or university. When you review your aid offer, you'll see various types of aid being offered, which can help you compare costs and offers from multiple institutions. It's important to accept the offer that works best for you and inform the school of any additional scholarships you expect to receive.
The Free Application for Federal Student Aid (FAFSA) is a crucial form that determines eligibility for federal aid and is often used by states and institutions to determine eligibility for their own aid programs. Over time, the amount of students receiving federal financial aid has increased, indicating the importance of this support in accessing higher education.
According to historical data, a significant percentage of college students receive some form of federal financial aid, with many receiving grants and loans. This underscores the relevance of the aid distribution percentages as a reflection of how many students are receiving financial support during their college education.