The Department of Education is responsible for administering federal financial aid programs for students attending college or career school. These programs include Pell Grants, Stafford Loans, and PLUS Loans.

Pell Grants are the largest source of federal funding for higher education. They are awarded to undergraduate students who demonstrate financial need.

Stafford Loans are available to both undergraduate and graduate students. They are subsidized loans, which means that the government pays the interest on the loan while the student is in school.

The maximum amount of money that a student can borrow in Stafford Loans each year is $12,500.

PLUS Loans are available to parents of undergraduate students. They are unsubsidized loans, which means that the borrower is responsible for paying the interest on the loan while the student is in school.

The maximum amount of money that a parent can borrow in PLUS Loans each year is $20,500.

Institutional Grants are available to institutions of higher education. They are used to support a variety of activities, such as instruction, research, and student services.

Tuition and fees are the largest source of state funding for higher education. They are the money that students pay to attend college or university.

States spend an average of $12,000 per student on higher education.

Alaska spends the most money on higher education per student, at $25,000 per year.

Mississippi spends the least money on higher education per student, at $6,000 per year.

State funding for higher education has fluctuated over time. It has increased in some years and decreased in others.

State funding cuts to higher education can lead to increased tuition and fees, reduced access to higher education, and lower quality of education.

Higher education today faces a number of challenges, including rising costs, increasing demand, and changing demographics.

Government funding can help to address the challenges facing higher education by providing financial aid to students, supporting institutions of higher education, and promoting research and innovation.